Building on the November 25 analysis, where we saw a potential Head and Shoulders (H&S) forming, the updated chart tells a different story. The $2,542.3 “Last Support” held firm, and price action has invalidated the H&S pattern, leading to a false alarm on the formation. The bullish momentum has pushed prices back toward $2,707.6, so Read More…
Gold prices steadied after reaching a two-week high on Tuesday due to rising geopolitical tensions and expectations for a December Fed rate cut. The rally pause came as market participants awaited the US inflation report. The war in Gaza escalated this week as Israel struck several parts of the region, killing many people. Although there Read More…
Currency futures eased on Friday as the dollar rose after a mixed nonfarm payrolls report. At the same time, a US consumer sentiment report revealed higher expectations for inflation, boosting the dollar. However, the trend slowly reversed on Monday as the focus shifted from employment to the upcoming US consumer inflation figures. Data on Friday Read More…
Chart OverviewSeven days since the last analysis, the S&P 500 E-mini Futures remain firmly bullish. The price is steadily advancing toward the 6,250 target due to the influence of positive sentiment surrounding Trump’s presidency and his pro-growth policies. Let’s evaluate the updated price action and provide insights into what might unfold next. Key Developments Over Read More…
Interest futures edged higher as the dollar and Treasury yields eased after downbeat US employment figures. However, the price traded in a thin range as market participants cautiously awaited the US nonfarm employment report. US jobless claims (Source: Labor Department) The dollar eased slightly after Thursday’s data revealed an unexpected increase in US unemployment claims. Read More…
Oil prices dropped about 2% on Wednesday, extending the move into Thursday as market participants eagerly awaited the OPEC+ meeting. At the same time, investors were awaiting crucial US data on employment that will shape the outlook for Fed rate cuts. Oil futures (Source: ICE, Nymex) The OPEC+ meeting is significant because the group will Read More…
