Introduction The Russell 2000 futures (RTY) are consolidating just below their previous all-time high (ATH) at 2,477.1 after breaching it two weeks ago. After a strong run through mid-September, momentum has slowed slightly. The bulls are still in control, however, and it should remain that way as long as the rising trendline and 50 ma Read More…
Introduction Following on from our previous analysis, Gold futures have broken above the all-time high once more. Price action remains firmly above both the 50-day moving average at $3,527 and the 200-day moving average at $3,184.9 as bulls continue to dominate the market. The RSI now sits above 75, entering overbought conditions. This is normal Read More…
Currency futures found respite on Monday after experiencing a significant retracement last week. The fear of a potential US government shutdown has weighed on the US dollar, lifting the major currencies. Following the Fed’s cautious commentary and a series of upbeat US data, the markets appear to shift towards a more balanced outlook. Over the Read More…
US interest futures came under selling pressure this week as upbeat US data prompted traders to scale back aggressive bets for rate cuts. The Fed’s meeting in September delivered a 25-bps rate cut, but Fed Chair Powell stressed that the policy will remain data-dependent with no pre-commitment to a cutting cycle. The Fed’s nuance, combined Read More…
Crude oil markets remain caught between two opposing forces: bullish supply shocks and bearish concerns about oversupply. The WTI prices soared 2.5% on Wednesday to settle near $65.00, the highest level since 2nd September. The US EIA data surprised the market participants with a draw of 607k barrels in crude inventories. The figure contrasted sharply Read More…
Introduction After a strong rally that pushed NQ toward the 25,000 psychological level, momentum has stalled slightly with the last two sessions in the red. The overall trend is still bullish, however, and bears still have a lot of work to do if they want to reverse the outlook of the NASDAQ. Let’s take a Read More…
