Introduction The Nasdaq 100 Futures (NQ) are attempting to consolidate after a sharp drop that pushed the price back into the support zone in last week’s analysis. On November 17, NQ dipped below the support band at 24,400 and the 50-day moving average. Since then, the index has continued to weaken. Let’s take a closer Read More…
Currency futures started the week on a firm footing as global risk appetite improved and traders reassessed the expectation of the Fed’s December rate cut decision. With a rising probability of a rate cut, the US dollar lost traction across the futures markets, allowing high-beta currencies like the GBP and AUD to stabilize. In contrast, Read More…
US interest futures swung swiftly on Thursday after fresh US data showed stronger job growth in September, prompting traders to reduce bets on December rate cuts. A few weeks ago, markets were certain about the rate cut. According to FactSet, the probability of a rate cut is down to 22% from 97% in mid-October. The Read More…
Introduction E-mini Dow Jones Futures (YM) have dipped 5.2% from the recent all-time high of $48,542. The selloff has meant the price has dipped below the 50-day moving average, which bulls will be looking to reclaim. The 200-day moving average is far below the current price; it would be a further drop of 5% for Read More…
Crude oil futures remain under pressure as WTI stays below $60.00 mark, slightly up from Wednesday’s close. However, the broader sentiment remains bearish as traders react to the reports that the US is endeavoring to broker a new peace deal with Russia. This could reshape the global oil supply. Even though the proposal appears beneficial Read More…
Gold futures edged higher on Wednesday as traders weighed shifting expectations for the Fed’s rate, softening labor market data, and an unsettled geopolitical backdrop. The December COMEX gold futures held modest gains above $4,100 area during the European session. Fed’s December rate cut expectations have trimmed to 49%, as reflected by the CME FedWatch Tool. Read More…
