Investors are awaiting a wave of rate hikes from central banks. There is a 20% chance that the Fed will raise rates by 100bps. Investors worry the Fed will tip the US into a recession. Investors anticipate additional significant interest rate increases from central banks to tame inflation. Sweden set the tone early in the Read More…
Minor support level broken Downtrend continuation with $11,592.75 as a target for Bears MACD slightly oversold in the short term Fibonacci Retracement levels On Monday, September 19, the trading session opened lower, and the Bears seem firmly in control now. Connecting the June 16 Low to the August 16 High with Fibonacci retracements gives the Read More…
The daily trend is still bearish Price consolidating around the $1 level Range-bound trading opportunities on the 2-Hour Chart Introduction Because of the worse-than-expected CPI data and a strong Dollar, we can take advantage of many potentially good trades available in the markets currently. The fear of an economic crash in Europe is rising due Read More…
Gold prices have lost nearly 20% of their value in the last six months. Inflation in the US is still very high. Rate increases in the US are making non-yielding gold less attractive. The gold (GC) futures price has decreased by $400 per ounce, or 19.45%, in the last six months. There has to be Read More…
A stronger US dollar is capping oil gains. Investors expect a possible 100bps rate hike from the FED. Supply concerns continue amid fighting in oil-producing countries. Crude oil (CL) futures prices surged this week amid weak demand and supply disruptions as the United States prepared for a potential rail shutdown. However, oil prices were steady Read More…
US inflation data came in higher than expected, surprising investors. Markets are pricing in a possible 100bps rate hike. Investors no longer believe the Fed will pause rate hikes any time soon. Major equity futures indices including the E-mini Nasdaq-100 (NQ) futures tumbled last Tuesday as markets braced for an even more aggressive US Federal Read More…
