Gold prices eased ahead of the FOMC meeting, where policymakers might forecast a more gradual easing cycle in 2025. At the same time, downward pressure came from a rally in the dollar and Treasury yields after upbeat US retail sales data. The US Federal Reserve will meet later and likely cut rates by 25-bps. Markets Read More…
Chart OverviewEuro FX Futures (6E) remain under pressure as the Dollar continues to rise. The Euro has been held at the support zone at 1.063 after the Trump victory rally of DXY. Weak momentum, confirmed by a declining RSI, raises the likelihood of further downside if bulls cannot push prices back into the prior range. Read More…
Equities rose on Monday, with the Nasdaq hitting record highs as market participants looked forward to the upcoming FOMC policy meeting. At the same time, investors absorbed mixed PMI data from the US that showed pockets of weakness and strength in the economy. The Federal Reserve will hold its policy meeting on Wednesday, and markets Read More…
Currency futures eased as the dollar extended gains after a strong week due to a drop in 2025 Fed rate cut expectations. Meanwhile, markets nearly fully priced a rate cut during the Fed policy meeting this week as inflation figures accelerated in line with expectations. December Fed rate cut bets (Source: Bloomberg) The greenback had Read More…
Chart OverviewThe Nasdaq 100 E-mini Futures are showing signs of exhaustion at current levels, as the price action is forming a rising wedge pattern—a bearish signal when it appears at the top of a rally. With the price sitting near 21,800, the market appears stretched. Let’s break down what this could mean for traders and Read More…
Interest futures wallowed near weekly lows as markets lowered the Fed rate cut expectations for next year. This shift came after US inflation data revealed a pause in the downtrend. At the same time, market participants expect the incoming Trump administration to make policy changes to boost economic growth and inflation. Interest futures have had Read More…
