E-mini S&P 500 (ES) futures
Analysis

E-mini S&P 500 (ES) Futures Fall as Post-Fed Optimism Fades

The ES fell around 0.6% in premarket as Fed’s rate hike impact weighed on the index. Fed’s Powell announced that he would not consider a 75-bps rate hike in the next meeting. Covid-19 restrictions in China keep global stocks under pressure. The E-mini S&P 500 (ES) futures fell 0.6% in premarket trading. On Wednesday, the Read More…

Australian dollar (6A)
Analysis

Australian Dollar (6A) Attempting to Recover Ahead of Fed and RBA

The AUD/USD is hovering around the lowest levels since February, having recently pulled back from a daily low. The risk profile remains weak as traders prepare for a pivotal week. Australian Purchasing Managers’ Indices were better, but worries about China and news out of Russia weighed on prices. The RBA’s hawks have less ammunition than Read More…

british pound futures 6b
Analysis

British Pound (6B) Gathers Traction as USD Pauses Rally

The British pound (6B) rose more than 0.50% after hitting a 22-month low. The US dollar pauses the uptrend and corrects lower before the weekend. The Bank of England’s rate hike plan may not help the pound prevent further losses. Over the weekend, the British pound (6B) rose half a percentage point as the pound Read More…

Nasdaq 100 futures (NQ)
Analysis

Nasdaq 100 (NQ) Gains as Meta Jumps on Upbeat Report

Nasdaq gains amid upbeat reports of Meta Platforms. Overall, the index is expected to close the month with about 12% losses. Disappointing earnings reports of Netflix and Alphabet may weigh on the NQ. After a two-day decline, futures on the Nasdaq 100 (NQ) gained up to 2.2%, around 13,340. However, the index pared off gains Read More…

S&P 500
Analysis

E-mini S&P 500 futures (ES) Looking to Resume its Downside Trend

The E-mini S&P 500 futures (ES) ended a four-day losing streak Monday night after a tech-driven rebound. So, are we on the cusp of a market turn?  Elon Musk’s deal with Twitter Yesterday’s stock performance was mixed, despite the positive trend. The benchmark was down 1.7% by midday, but buyers hadn’t emerged yet. Ultimately, the Read More…

commodity market and convenience yield
Analysis

Crude Oil Futures (CL) Dip 5% Amid Inflation, COVID

Crude oil slips lower as the COVID spread in China deteriorates amidst lower risk sentiment. Higher interest rates are weighing on CL futures. Tight oil supplies provide some support to the falling prices. The crude oil futures (CL) price fell nearly 5% on Monday, extending a decline that began last week amid worries about the Read More…