Key Price Levels to Watch: Technical Indicators Overview: Fibonacci Retracements: Potential Market Scenarios: Conclusion As we wrap up our technical analysis of Crude Oil Futures, it’s clear that the market is at a crossroads, with key levels at $74.91, $95.03, and $68.07, offering guidance on potential future movements. Remember, the true skill in futures trading Read More…
Intro The bond-buying has hit a roadblock for the moment as ZB shows signs of a reversal. On the ZB futures chart, we look at this inversely as bond buying means the chart goes down because yields get less. So for this article, when ‘bullish’ is made as a reference it indicates the chart is Read More…
Currency futures closed Friday mixed as investors assessed remarks from Fed Chair Jerome Powell. The euro fell, while the yen weakened against the dollar. Powell indicated the possibility of another rate hike if inflation persists above the target. The yen held near a one-year low against the dollar, and investors remained cautious about a potential Read More…
Gold prices increased on Thursday despite Powell’s comments that interest rates may not be high enough to combat inflation. This increase might be because investors had already priced in Fed hawkishness earlier in the week. Some Fed officials are emphasizing the possibility of further rate hikes if inflation does not decline toward the 2% annual Read More…
On Wednesday, oil prices dropped over 2%, reaching their lowest point in over three months due to concerns about decreasing demand in the US and China. According to American Petroleum Institute figures, US crude oil stocks surged by almost 12 million barrels last week. If confirmed, this would be the largest build since February. The Read More…
On Tuesday, US equities surged amid a drop in US Treasury yields. The rally came as falling yields boosted megacap growth stocks. S&P 500 daily performance (Source: Bloomberg) Consequently, the S&P 500 and Nasdaq recorded their longest winning streak in two years. The benchmark 10-year Treasury note yield was set for its fifth decline in Read More…
