Gold prices eased slightly on Wednesday after reaching new highs in the previous session. The rally came after the People’s Bank of China announced stimulus measures to support the economy. At the same time, the dollar dropped after economic data revealed that US consumer confidence missed forecasts. China’s stimulus package, announced on Tuesday, boosted commodities Read More…
Introduction The Dollar is trying to hold off from a tremendous re-balancing as the Euro begins to gain steam against the greenback. There had to be a time when, eventually, the hyper-money printing during COVID-19 would have its effect. Are we seeing that now? The Fed recently cut rates, and they signal that further rate Read More…
Introduction As we all know, Gold futures have been in a solid uptrend this year as the Dollar has weakened. The main feature on the charts is the bull flag, which we have covered a few times in our technical analysis. The pattern has more than confirmed and is just over halfway away from the Read More…
Interest futures fell on Thursday and Friday as investors preferred riskier assets like equities after the Fed delivered a massive rate cut. Moreover, a significant drop in US jobless claims increased risk appetite, sending more investors to Wall Street. On Wednesday, the Federal Reserve cut interest rates by 50-bps, ending months of speculation on the Read More…
Introduction The technical analysis we did a few days ago for ES has now been confirmed, and we are looking like the next upside rally is here. The daily chart confirmed the breakout with a strong bullish close above the previous high, and as long as prices remain above that, bulls should have the upper hand. Read More…
Introduction It’s time again to look at the overall picture of CL futures and where we see it heading. The price is still hovering inside the support zone at $68, a level that has been tested and held since the start of 2023. Now, it looks like bulls could be targeting a move back up Read More…
