what to look out for when watching a stock
Fundamental Analysis

Equities Weaker as Investors Await Jobs Data and Earnings Reports

On Tuesday, US equities closed weaker, marking the start of the seasonally slow August. Investors were cautious ahead of US employment data and major companies’ earnings reports later this week. Shares of mega-cap growth companies like Tesla and Amazon.com, whose valuations suffer when borrowing costs rise, declined as the benchmark 10-year US Treasury note yield Read More…

Convenience Yield and Backwardation
Fundamental Analysis

Currency Futures Rise on Dollar’s Decline Amid Inflation Slowdown

Currency futures rose on Friday as the dollar declined against major currencies after new data showed a slowdown in inflation. Investors were also closely monitoring multiple central bank decisions last week to gain insights into the future of monetary policy. US inflation (Source: Bureau of Economic Analysis) In June, US annual inflation rose at its Read More…

Technical Analysis

Converging Pattern spotted on Russell 2000 Futures (RTY)

Introduction: RTY has surged 22% since its lows in October last year, showcasing the strong bullish momentum. The upward-sloping 50-day moving average and an RSI of 62 reinforce equities’ optimistic outlook. Currently trading on the point of control line for the volume profile indicator, RTY faces a resistance zone just above the 2000 level, coinciding Read More…

Fundamental Analysis

Gold Prices Slide to Two-Week Low Amid Stronger Dollar, Rising Bond Yields

A stronger dollar and rising bond yields caused gold prices to drop over 1% to a two-week low. Spot gold declined by 1.4% to $1,943.89 per ounce, while US gold futures fell 1.36% to $1,943.40 per ounce.  The US dollar gained ground on Thursday, driven by news of stronger-than-expected economic growth in the country, despite Read More…

Crude oil (CL) futures
Fundamental Analysis

Oil Prices Slide 1% on US Crude Inventory Miss and Fed Rate Hike

On Wednesday, oil prices dropped by approximately 1% due to two factors. Firstly, data revealed that US crude inventories fell less than anticipated. Secondly, the Federal Reserve raised interest rates by 0.25 percentage points. Earlier in the session, oil experienced a decrease of more than $1, despite reaching three-month highs on Tuesday.  WTI futures (Source: Read More…