Interest futures collapsed on Thursday while Treasury yields rose as data from the US and policymakers continued to point at delayed Fed rate cuts. Labor market data from the US showed strength in the sector despite high interest rates. This gives the Fed room to keep interest rates high and lower inflation. At the same Read More…
Weekly Chart Observations: ES has been getting out of hand lately and just continues to rally no matter what. The Alligator indicator has the Lips (4821.50), Teeth (4733.71), and Jaw (4631.17) fanning out, which confirms the trend strength. Taking shorts now is highly risky and the only thing that could stop this market from going Read More…
Oil prices rose on Wednesday due to rising tensions in the Middle East that could lead to tighter supply. At the same time, a surprise drop in gasoline stocks indicated an increase in demand. Aggregate open interest in crude (Source: ICE, CME) Investors are buying more oil futures, expecting tighter supply and higher prices. Israel Read More…
Gold prices rose on Tuesday, pausing a decline that started on Friday after the US jobs report. The recovery came as the dollar and Treasury yields pulled back from recent highs. However, this decline might be short-lived if fundamentals continue pointing to delayed rate cuts in the US. Fed rate cut expectations (Source: Bloomberg) Notably, Read More…
Weekly Chart: The price action is hovering above an established multi-year support zone that is the main point for the bull’s case. The Alligator indicator shows the Jaw, Teeth, and Lips converging, signaling a potential consolidation phase. However, with the price maintaining levels above the Alligator’s Lips, we maintain a bullish outlook. The RSI is Read More…
Friday was a down day for currency futures as the dollar rallied to a seven-week high after upbeat employment data. Investors were surprised after the US non-farm payroll figures were much higher than expected. As a result, there is an even lower chance that the Fed will start cutting rates in March. US jobs (Source: Read More…
