Introduction Nikkei 225 E-mini Futures (NKD) have been trading within an ascending channel since September 2024. A breakout above 39,958, could pave the way for a test of the all-time high (ATH). Lets take a deeper look at the technicals. Technical analysis overview Channel Structure Support and Resistance Levels Resistance Levels (Upside Targets) Support Levels Read More…
Equities rallied on Tuesday as investors cheered the soft start to Trump’s term. Trump’s administration failed to give clear guidance on the implementation of tariffs. Consequently, experts believe the new government will take a more cautious approach, delaying any trade wars. S&P 500 Index (Source: Bloomberg) Since last week, equities have surged due to increased Read More…
Gold prices held near a two-month high on Tuesday as the dollar eased after Trump’s inauguration speech. At the same time, the yellow metal benefited from safe-haven inflows amid uncertainty regarding Since last week, gold prices have been on an uptrend due to a weak dollar and Treasury yields. Notably, data last week supported at Read More…
Currency futures were mixed on Friday amid economic data from different countries and anticipation of Trump’s inauguration speech. Meanwhile, the greenback eased after downbeat economic data and slightly dovish Fed remarks. By Monday, they fell as the dollar rebounded ahead of Trump’s speech. The dollar ended the week lower, snapping its six-week winning streak as Read More…
Interest futures rose for the third session this week as the dollar and Treasury yields eased after downbeat economic figures. However, as market participants await Donald Trump’s inauguration, things might change. Last week, interest futures ended down after US jobs data lowered Fed rate cut expectations, leading to a rally in Treasury yields. Notably, the Read More…
Oil prices eased on Thursday after reaching new highs in the previous session due to an unexpected draw in US crude inventories. At the same time, the Biden administration announced more sanctions on Russia that could tighten supply. Meanwhile, a ceasefire deal in Gaza weighed on prices. WTI vs crude stocks (Source: Nymex, EIA) Data Read More…
