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…
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Gold prices extended gains on Wednesday as investors scrambled for safety in the yellow metal amid fears of a trade war between the US and China. Meanwhile, data in the previous session revealed some weakness in the US labor market, putting pressure on the Fed to cut rates. However, market participants are more focused on Read More…
Introduction Nasdaq 100 E-mini futures (NQ) are currently trading at 21,464, down 0.95% for the session, as price action consolidates within a symmetrical triangle formation. With the 50-day SMA (21,483.66) acting as short-term support and the 200-day SMA (20,040.68) providing long-term support, Nasdaq futures are coiling within a tightening range. Lets see what the technicals Read More…
