Market Overview

Asian Markets Soar as U.S. Rate Cut Hopes Fuel Optimism

MSCI Index Rises and Hong Kong’s Hang Seng Extends Winning Streak The MSCI’s broadest index of Asia-Pacific shares outside Japan saw a slight increase in early trade, while Hong Kong’s Hang Seng index, despite a slight dip, has witnessed an impressive 14% rise over a 10-day winning streak, the longest since 2018. Japan’s Nikkei index Read More…

6E euro FX futures daily cahrt technical analysis
Technical Analysis

Euro FX Futures Technical Analysis

Chart Overview In this analysis, we’ll take a closer look at the daily chart of the Euro FX Futures, focusing on the price movements as 6E has been stuck in a range for over one year. This range is between well-defined support and resistance zones, with the resistance zone at 1.10265, and the support zone Read More…

Fundamental Analysis

Equities Soar on Fed Rate Cut Optimism

Equities closed higher on Monday as investors gained confidence that the Federal Reserve will cut rates sometime this year. Moreover, better-than-expected earnings reports from US companies continued to support the market. S&P 500 (Source: Bloomberg) Since last week, equities have performed well as policymakers and economic reports point to an eventual Fed rate cut this Read More…

Technical Analysis

S&P 500 Futures (ES) Technical Analysis: Bulls Are Back

S&P 500 Chart Overview In this analysis, we’ll dive into the daily candlestick chart of the S&P 500 E-mini Futures, focusing on the technicals and chart patterns as ES bulls make a return. ES is up 5% since its low from April and the selling pressure appears to be weaking more and more. Price Action Read More…

Technical Analysis

Crude Oil Futures (CL) Shift From Bullish to Bearish

Overview In this analysis, we’ll take a closer look at the CL futures chart, which displays daily price action along with several technical indicators, including a Simple Moving Average (SMA), Pivot Points (traditional, automatic setting), and the Relative Strength Index (RSI). CL Technical Analysis Trend and Price Action Prices were in an uptrend from February Read More…