Oil prices collapsed on Wednesday after Trump lost the midterm elections, increasing the odds of ending the Iran war. JD Vance blamed the war for their loss. Moreover, experts believe Democrats will now pressure the president to end the expensive war. Elsewhere, market participants are looking forward to the US non-farm payrolls report. Brent futures Read More…
Introduction Nasdaq dropped below the 200-day moving average yesterday (4 November) for the first time since March. The price action for today’s session is already showing strong signs of a bullish reversal. With no red-flag news events today, let’s take a closer look at the technicals and see if there are any possible trade opportunities. Read More…
Gold futures are recovering after plummeting from a record high of $5,595 an ounce in January. On November 4, spot gold traded around $4,000, up about 1% amid a weaker US dollar and falling Treasury yields. However, the broader fundamental picture remains mixed, with monetary policy, geopolitical developments, and institutional demand shaping the market outlook. Read More…
Introduction Last time we looked at Crude Oil was on the 22nd of October. The ascending triangle we looked at then is still the most prominent feature on the chart. CL rallied for two weeks after the analysis we did to test the resistance at 105.10, and the selling was strong enough to send price Read More…
Equities extended declines on Tuesday as investors awaited the outcome of the US midterm elections. Stocks collapsed on Friday, ending October down as the tech sector suffered after a set of downbeat earnings reports. The only thing putting a floor on declines was the hope that talks between the US and Iran would resume. Nasdaq Read More…
Introduction The Nasdaq has seen a big drop recently, falling almost 3% last Friday on the back of Intel’s poor guidance, which led to a sell-off in tech stocks. There is also talk about whether the AI boom is sustainable and whether the bubble could be bursting. The Chinese stock market has been selling off Read More…
