E-mini S&P 500 futures saw a 2% gain on Wednesday. The gain is attributed to the rise in share prices of tech giants like Apple and Microsoft. Retail companies continue to struggle amid inflation concerns. There is a 2% rise in the E-min S&P 500 futures (ES), and over 90% of the companies in the Read More…
Crude oil futures soar above $115.00 as supply shortage remains a key concern. Litasco becomes the main trader for Eastern Europe. OPEC production is still well below the level of last April. On Tuesday, crude oil futures (CL) had significant gains, soaring to fresh weekly highs above $115.00. The commodity benefits from the recent supply Read More…
On Monday, China’s macro data disappointed, which prompted fresh selling of the Australian dollar. Another contributing factor to the Australian dollar’s soft tone was risk sentiment. US bond yields fell, giving dollar bulls more reason to retreat. The Australian dollar futures (6A) pair remained on the defensive during the first half of the European session. Read More…
Nasdaq 100 index (NQ) faces bearish pressure with a 27% loss from year to date. Tech giants have seen a shift in their positions amid the recent meltdown. Fed’s aggression to curb inflation seems not to work. So rate hike plan may be fueled by the Fed. The Nasdaq 100 index (NQ) futures were expected Read More…
ES-mini S&P 500 (futures) struggles to post gains, maintaining a bearish trend. Fed’s aggressive tightening and hot inflation reading weigh on the US and global stocks. Russia’s war and Covid in China keep the risky assets under pressure. On Wednesday, the E-mini S&P 500 (ES) futures contract fell 0.7% after the stock indicator fell to Read More…
Gold futures (GC) prices consolidated losses at a three-month low ahead of key US inflation data. The dollar pullback reminds buyers of mixed sentiment, but the Fed says growth fears weigh on prices. Another sign of hope for the sellers is the price staying around or below the $1,850 area, although the US CPI could Read More…
