Equities ended lower on Monday after gapping down from the previous session’s close amid a sentiment shift. Stocks had recorded a solid week as hopes for an end to the Iran war boosted risk appetite. However, uncertainty returned with the new week, pausing the rally. S&P 500 performance (Source: LSEG, Prof G Media) The two-week Read More…
Introduction It is the start of the week, and time to look at crude oil again. There are some signs of de-escalation taking place in the Middle East & ceasefire discussions, which are causing some profit-taking to take place. That is why we have seen CL move from $98 on Monday last week to $88 Read More…
Currency futures recovered slightly on Monday after collapsing in the previous session amid an escalation of Middle East tensions. On Friday, currency futures had soared after Iran declared the Strait of Hormuz was fully open. However, this changed when the US seized an Iranian cargo ship over the weekend. The dollar collapsed on Friday as Read More…
Introduction NQ has staged a very aggressive V-shaped reversal, rallying from the ~23,000 lows back toward 26,500+, approaching the all-time high (~26,863). This is a big difference from a few weeks ago when NQ was sitting at a one-year low. Just recently, the market was breaking down, showing weakness and uncertainty. Now, it’s back within Read More…
US interest futures dropped on Thursday after upbeat US jobs data sent Treasury yields higher. However, sentiment lifted on Friday morning, amid hopes of an end to the conflicts in Iran and Lebanon. US jobless claims (Source: Trading Economics) US data on Thursday showed that jobless claims fell to 207,000 the previous week. Meanwhile, economists Read More…
Introduction Crude Oil has rallied from $55 at the start of the year to a high of $118 in March, as we know by now, due to the terrible escalations in the Middle East. After the top was made, price moved around with a lot of volatility in price discovery. Last week, price attempted to Read More…
