Currency futures ended higher as the dollar retreated after data revealed a slight cooling of inflation in the US. Economic data from regions like Japan and the Eurozone also affected currency futures. The US dollar had its first monthly decline in May due to lower-than-expected inflation. The first three months of the year saw the Read More…
Introduction The Nasdaq e-mini futures (NQ) painted a huge bullish candle from last Friday in the form of a doji that is busy confirming a morning star pattern. The price has already pushed above last Friday’s high, confirming the bullish price action. The doji from Friday also bounced right off the 100 MA. This could Read More…
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Interest futures recovered on Thursday as Treasury yields retreated from recent highs amid poor US data. Initially, interest futures had been plummeting after a poor US debt auction. However, this changed when data led to a slight increase in Fed rate cut expectations. The bond market has had a rough week, with yields soaring to Read More…
Key Updates For Gold Futures Current Prices and Trends: Gold futures are currently trading around $2,364.75 per ounce. The market has experienced some volatility, with prices ranging between $2,358.30 and $2,369.00 in recent trading sessions (Investing.com). Market Sentiment: Analysts note a bearish sentiment in the near term, with key support levels under threat. This outlook Read More…
The Federal Reserve’s (Fed) updates on monetary policy highlight that the Federal Open Market Committee (FOMC) has decided to maintain the federal funds rate at the current range of 5.25% to 5.5% on May 2nd. The decision marks the sixth consecutive meeting where rates have been held steady, keeping them at the highest level in Read More…
