Recap from August 13 Analysis In our previous analysis, we looked at how gold was consolidating below its all-time high near $3,510 but holding above the $3,345-$3,375 support zone. Gold was slowly making higher lows and forming an ascending triangle, and has now broken above it, making a new high of $3,640.1. Now that the Read More…
Recap from August 7 In the August 7th analysis, we noted that: Technical Analysis Trend & Structure ES is still in a strong uptrend as bulls remain in control, with pullbacks being no more than a few percentage points. Currently, however, the buying pressure is stalling slightly, and there is a bearish divergence appearing on Read More…
Currency futures edged higher on Monday as Fed rate cut bets remained elevated after Friday’s inflation figures. However, traders were cautious at the start of the week, as the US will release its pivotal monthly employment figures. Dollar monthly change (Source: Bloomberg) The dollar ended last month lower due to a surge in expectations for Read More…
Oil prices fell on Thursday as market participants anticipated a looming drop in demand with the end of the US driving season. However, optimism supported prices in the previous session after data revealed a significant draw in US crude oil inventories. Brent monthly performance (Source: ICE, Bloomberg) Oil was heading for a monthly drop on Read More…
Equities were almost flat on Wednesday as investors eagerly awaited Nvidia’s earnings report. Meanwhile, the stocks ended the previous session down amid worries about the independence of the US central bank. Nvidia is set to report its earnings later in the day. The stock rose in anticipation as analysts predicted another upbeat report. S&P 500 Read More…
Gold futures began the new week with traders walking a tightrope between political risks, the US inflation sprinkles, and the most expected monetary policy easing. Following a phase of neutral direction, the market is gearing up for new volatility with investors reevaluating Federal Reserve dynamics and global demands on safe-haven instruments. A key determinant of Read More…
