Equities ended higher on Monday after Trump announced new tariffs on steel and aluminum products, boosting the outlook for the US economy. Meanwhile, market participants were gearing up for Powell’s speech and the upcoming US inflation figures for clues on future monetary policy. On Sunday, Trump announced a 25% tariff on steel and aluminum imports Read More…
Currency futures eased on Friday amid concerns of trade wars after Trump announced more tariffs. However, some rebounded on Monday as market participants geared up for crucial US consumer inflation figures this week that will shape the outlook for Fed rate cuts. These two factors will continue shaping market movements this year. Trading survey (Source: Read More…
Introduction Gold futures have extended their upward momentum following last week’s gap-up breakout. The metal’s price action has confirmed a symmetrical triangle breakout, with prices surging past the ATH. Technical outlook Gap-Up & triangle breakout confirm strength Gold’s breakout from the symmetrical triangle pattern last week triggered a strong continuation rally. The initial breakout was Read More…
Interest futures held near recent peaks as Treasury yields collapsed after Trump paused tariffs on Canada and Mexico. The pause also came as market participants eagerly awaited the US nonfarm payrolls report for insight into the Fed’s policy path. US 10-year Treasury yields (Source: Bloomberg) Interest futures have risen since Tuesday when Trump paused expected Read More…
Introduction Japanese Yen Futures (6J) are trading at 0.006584, up slightly in recent sessions after bouncing from multi-month lows. The break above the 50-day SMA (0.0064998) and a test of the 200-day SMA (0.0065950) call on bulls to continue the buying pressure to push prices back to 0.00718. However, the broader trend remains bearish as Read More…
Oil prices collapsed on Wednesday after data revealed an unexpected surge in US crude oil inventories, pointing to weak demand. At the same time, concerns about a trade war between China and the US put downward pressure on prices. Data on Wednesday revealed that US crude inventories rose by 8.664 million barrels last week. Meanwhile, Read More…
