Introduction The T-Bond Futures (ZB) market exhibits a notable consolidation forming on the daily chart, with current price action gravitating towards the 50 and 100 moving averages, signaling potential shifts in market sentiment for the time being. Daily Chart Analysis It is clear that ZB has been a short sellers dream for the past few Read More…
On Thursday, gold slipped but stayed on course for a second consecutive monthly gain due to expectations that the Federal Reserve might soon cut interest rates. This would make non-yielding bullion more attractive. Moreover, the rise of the dollar for the day contributed to the drop in gold prices. However, the dollar was on track Read More…
On Tuesday, US equities gained modestly as investors analyzed mixed remarks from Federal Reserve officials. Upbeat consumer data added to the positive sentiment. The three major US stock indexes initially lost momentum but closed in positive territory after a range-bound session. Market participants are closely examining comments from monetary policymakers ahead of the FOMC meeting Read More…
Equities drifted lower on Monday as investors paused after Thanksgiving, anticipating crucial economic data during the bustling holiday shopping season. According to Adobe Analytics, Cyber Monday is projected to drive record spending of $12 billion, enticing shoppers with online deals. This upbeat sign reflects the strength of the American consumer, who contributes about 70% to Read More…
Weekly Chart Analysis:The weekly chart gives us a broader perspective and a longer-term view that we use for our trend analysis which means the weekly doesn’t necessarily have to be a chart we look at taking positions. The noteworthy psychological $100 level stands out, but before we get there, let’s focus on the more immediate Read More…
On Friday, currency futures rose on upbeat data while the dollar fell after US business activity data. However, currencies traded within a narrow range as US markets closed early following Thanksgiving. In November, US business activity remained stable. However, the private sector witnessed its first decline in almost three-and-a-half years, aligning with predictions of a Read More…
