Interest futures hovered near recent lows as Treasury yields and the dollar opened the year green. Prices ended the year with a plunge following a hawkish December Fed meeting. On the other hand, the prospect of higher rates for longer boosted yields and the dollar. US Treasury yields started the year strong amid expectations for Read More…
Tag: Futures market
Bitcoin CME Futures Daily Technical Analysis – January 3, 2025
Introduction Bitcoin CME futures have consolidated after the recent explosive rally. The crypto hit a new all-time high of $108,960 in December, but the market now appears to be catching its breath. Let’s see what the technicals are telling us. Technical Analysis Bearish Divergence on RSI 50-Day SMA Acting as Dynamic Support Higher Highs & Higher Lows Still Read More…
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Currency Futures Tumble Amid Dollar’s Solid Start of the Year
Most currency futures eased on Thursday as the dollar started the year strong. Earlier in the session, there was some relief as the dollar fell. However, it resumed last year’s rally when investors refocused on the looming US administration change. At the same time, the less dovish outlook for the Fed in 2025 helped support Read More…
Crude Oil Futures (CL) Weekly Technical Analysis – January 2, 2025
Crude oil futures are starting 2025 on a bullish note, with prices climbing +3.10% this week to trade at $72.79. As geopolitical stability improves and demand outlooks remain strong, oil prices are gearing up for a potential breakout above resistance levels, but let’s see what the technicals tell us. Technical analysis Strong Support Descending Trendline Read More…
U.S. Dollar Index (DXY) Technical Analysis – December 30, 2024
Introduction The U.S. Dollar Index (DXY) continues its impressive rally as we conclude the year, fueled by pro-growth and pro-dollar policies under the Trump administration. The index is trading at 108.068, breaking out of a long-term consolidation pattern and aiming toward its all-time high (ATH) at 114.789. The bullish momentum has intensified, with resistance levels Read More…