Data from the United States revealed an increase in the labor force and a slowing of wage growth. The probability of a half-point rise in the fed funds rate has gone down to around 25%. China’s reopening also helped improve risk sentiment. Currency futures rose on Monday due to growing expectations that the Federal Reserve Read More…
ES has broken out of a minor consolidation zone. Analyzing a few ways we can profit from current market conditions. Targets for bulls to aim for if the bullish momentum continues. Breaking Out January 6th session saw a big jump in the S&P 500 as ES closed the first week of the year up 1.8%. Read More…
Analyzing the multi-year level back from 2016. Fibonacci retracements, RSI, and a rolling top show further downside for 6E. A look at Bullish and Bearish Scenarios. Zooming Out The multi-year support & resistance level for 6E is $1.0543. This level has been tested multiple times since 2016. The market price is sitting on this level Read More…
Higher-than-expected employment gains may put pressure on Gold. James Bullard suggested that 2023 might eventually usher in some inflation relief. The number of Americans submitting new claims for unemployment benefits decreased to a three-month low last week. Gold prices pulled back slightly on Friday but were on course for a third consecutive weekly rise. Investors Read More…
Oil prices fell yesterday on concerns over a probable global recession. US manufacturing continued to decline in December, affecting oil prices. In anticipation of weak local demand, the Chinese government boosted export quotas for refined oil products. After two days of severe losses in oil prices, investors came out to buy dips on Thursday amid Read More…
Gold is now only 12% away from 2022 highs. Critical technical indicators that help us understand recent price action. Analyzing an Orderblock and Moving Average Band for Improved Entries. Gold Up 2.6% So Far in 2023 It’s been a positive start for Gold, with the yellow metal up 2.6% in the first week of trading Read More…
