Interest futures eased on Friday as US Treasury yields soared at the deadline of Trump’s tariffs. The US president imposed high tariffs on several of the country’s major partners, including Canada and South Korea. However, trading remained thin as market participants eagerly awaited the US monthly employment report. On Friday, Trump’s tariff deadline was hit, Read More…
Current Price: 3,342.30Change: -6.30 (-0.19%)ATH: ~3,51050-day MA: 3,355.4200-day MA: 3,008.8RSI (14): 48.45 (Neutral to Weakening) Gold Trend This Year Technical Analysis Technical Context Indicator / Feature Current Reading Implication Price vs ATH ~170 pts below ATH Consolidation under key resistance 50-day MA Price sitting on it Neutral support test Trendline (YTD) Still holding Break would Read More…
Oil paused its rally on Thursday amid pressure from a strong dollar and downbeat crude inventories data. However, there is still upside potential as market participants grapple with likely supply shortages due to looming sanctions on Russia. US private jobs (Source: ADP Research) The dollar strengthened on Wednesday after a set of better-than-expected US economic Read More…
Gold prices held steady on Wednesday as market participants looked forward to the FOMC policy meeting. At the same time, a weaker dollar after poor employment figures lent support. However, gold has lost some of its safe-haven appeal due to recent trade deals, which have eased global trade war concerns. The Federal Reserve will conclude Read More…
The US equities approach a vital week, facing a conflict of good corporate earnings on one end and tightening macroeconomic factors on the other. The S&P 500 and Nasdaq 100 are holding close to all-time highs, thanks to a bullish earnings season, sentiment around AI, and hope that the economy will achieve a soft landing. Read More…
Currency futures fell on Monday as the dollar rallied on optimism about the trade deals. The US signed yet another trade deal with the European Union over the weekend, easing concerns about a slowdown in the US economy. At the same time, market participants were preparing for the Fed policy meeting where Powell might keep Read More…
