US equities rose on Tuesday due to positive expectations for upcoming inflation reports. Financial shares like JPMorgan rose in anticipation of their earnings this week. Wall Street banks will likely announce increased profits for the second quarter as higher interest payments offset a decline in dealmaking. Investors want more information on whether inflation is decreasing Read More…
Bullish momentum NQ has rallied 47% since the low made in October of last year, and the bullish momentum shows no signs of slowing down. I see no bearish case for Nasdaq at this point. Let’s take a look at the technicals and if we see NQ reaching all-time highs in the next few weeks Read More…
Weekly Chart The weekly chart shows a series of bullish candlestick formations. Long wicks to the downside show that there is a high demand for gold even when the sellers try to push the price down heavily. We can take note of this as a bullish signal. There has also been a slight decrease in Read More…
Currency futures rose on Friday as the dollar dropped due to indications of a weaker US labor market. This weakness diminished expectations of the Fed maintaining higher interest rates. At the same time, concerns over the 10-year Treasury yield surpassing 4% led to a surge in the yen. US employment (Source: Bureau of Labor Statistics) Read More…
Introduction In today’s technical analysis, we will examine the recent trends and indicators surrounding Dow Jones Futures. By analyzing volume, price action, moving averages, and potential price targets, we can gain valuable insight into a potential long trade in YM. Volume Analysis: Observing the current price action, there is a slight decrease in volume. While Read More…
Gold prices declined after a stronger-than-anticipated US private payrolls report, reaching a nearly one-week low on Thursday. The employment report boosted expectations for additional interest rate hikes by the Federal Reserve, resulting in higher Treasury yields. Despite concerns of a recession due to rising interest rates, the June data revealed a greater-than-expected increase in US Read More…
