Gold prices fell as investors took profits from the recent peaks, and the dollar soared amid US tariff uncertainty. Meanwhile, market participants looked forward to the US core PCE price index report for more clues on US monetary policy. Gold has had a bearish week so far after reaching new peaks on Monday. The rally Read More…
Introduction Bitcoin CME futures (BTC1!) have pulled back after reaching recent highs, with price now testing mid-channel support. The broader trend remains bullish, but momentum is slowing as profit-taking and resistance near key Fibonacci levels weigh on price action. As of today, Bitcoin is trading at 89,640, down -5.32% on the week and 22% from Read More…
The crude oil prices edged higher on Wednesday as the data from the American Petroleum Institute revealed a decline in the US oil inventories last week, helping the asset rise from 2-month lows. The Brent crude gained to $73.00 while WTI climbed to $69.00 at the time of writing. The API reported a decline of Read More…
US equities closed mixed on Monday as investors digested geopolitical risks, economic uncertainties, and Nvidia’s upcoming earnings report. The S&P 500 dropped 0.53%, the NASDAQ fell 1.19%, while the DJIA stayed with a 0.08% gain. The equities lack directional bias following the last week’s decline with downbeat US retail sales and consumer confidence while inflation Read More…
Introduction E-mini Dow Jones futures (YM) have rebounded off trendline support, regaining strength after a recent pullback. Price tested the ascending trendline and the 100-day VWMA (43,610), holding above these levels and keeping the long-term uptrend intact. Market Drivers & Key News Events Technical Analysis Bounce from Trendline—Higher Lows Intact Key Support & Resistance Levels Read More…
Currency futures rose on Friday as the risk sentiment remained elevated, putting pressure on the safe-haven dollar. The British pound remained the top performer as the UK’s GDP showed a sigh of relief, followed by a higher-than-expected CPI reading that could result in a slight tweak to the Bank of England’s easing policy. On Friday, Read More…
