On Friday, currency futures rose as the dollar dropped, erasing most of its gains throughout the week. This was in response to the slower growth of US jobs in July, which sparked hopes of a gentle economic slowdown. However, the rise in wages hinted that the Federal Reserve might need to maintain higher interest rates Read More…
Introduction As with most equities this year, YM has seen a resilient surge of 23% since last year’s lows made in October. The ascending triangle pattern on the daily chart has been the primary focal point for our technical analysis as we try to find favorable risk-reward ratios and high-probability trades. Let’s take a fresh Read More…
On Thursday, gold prices appeared poised to record their worst week in six as investors prepared for a closely watched US jobs report. US yields (Source: Bloomberg) This came after strong economic data during the week drove Treasury yields to their highest level in nine months. The increase in US long-term Treasury yields, which reached Read More…
Introduction We know that when uncertainty exists in the marketplace, and people want to protect their money, bond yields will go down. In this technical article, we will focus on ZB and how we can profit from potential market moves by looking for high probability and high risk-reward ratio trades. Technical analysis The weekly chart Read More…
On Tuesday, US equities closed weaker, marking the start of the seasonally slow August. Investors were cautious ahead of US employment data and major companies’ earnings reports later this week. Shares of mega-cap growth companies like Tesla and Amazon.com, whose valuations suffer when borrowing costs rise, declined as the benchmark 10-year US Treasury note yield Read More…
Recap The resistance zone we analyzed last week has finally been hit as the bulls pushed the price up 22% since its recent local low made in June. Crude has largely been stuck in a range between $67.26 and $80.74 for the entire year as we eagerly await the potential break out. The question is Read More…
