Gold futures modestly retreated on Wednesday after posting fresh all-time highs near $3,825 in the previous trading session. The gold’s pullback aligns with a stronger greenback supported by Fed Chair Powell’s cautious commentary on future monetary policy. Powell stressed that the Fed is facing a dual challenge of addressing the risk of sticky inflation Read More…
US equities extended their bull run on Monday, with the S&P 500 hitting a third consecutive all-time high, while futures remained steady on Tuesday. The rally was fueled by AI interest, driven by a 4% surge in Nvidia following news of a $100 billion investment in OpenAI, which further boosted the tech-heavy Nasdaq. Investors Read More…
Introduction Crude oil is hovering around $62.30–62.50, finding buying pressure inside of a support zone. After months of steady selling, bulls are starting to find some strength and are looking to push the price back up toward the 50-day SMA. Lets take a deeper look at the technicals and what they are telling us. Technical Read More…
Currency futures gained on Monday as the dollar resumed its pre-FOMC meeting decline. The drop in the greenback came as market participants looked forward to Fed policymaker speeches. These speeches could further highlight the central bank’s new dovish tone amid labor market weakness. Dollar Index (Source: TradingView) The Fed cut interest rates as expected during Read More…
Interest futures eased on Friday as Treasury yields and the dollar continued their recovery after the expected Fed rate cut. However, the central bank confirmed that it would continue rate reduction for the rest of the year due to the growing risks to the labor market. The anticipation for a Fed rate cut and a Read More…
Oil prices edged higher on Thursday, a day after the Fed lowered borrowing costs by 25 bps as expected, while markets were optimistic about a fall in crude inventories. However, downward pressure came from concerns about the state of the US economy. After much speculation and anticipation, the Fed finally cut interest rates on Wednesday. Read More…
