Most currency futures fell on Friday as the US dollar rebounded after an unexpectedly cautious Bank of Japan policy meeting. Meanwhile, the pound remained an outlier as UK data revealed better than expected sales figures. Japanese Yen (Source: Bloomberg) Market participants expected a more hawkish tone from the Bank of Japan. Before the meeting, policymakers Read More…
Interest futures fell on Thursday and Friday as investors preferred riskier assets like equities after the Fed delivered a massive rate cut. Moreover, a significant drop in US jobless claims increased risk appetite, sending more investors to Wall Street. On Wednesday, the Federal Reserve cut interest rates by 50-bps, ending months of speculation on the Read More…
Introduction The technical analysis we did a few days ago for ES has now been confirmed, and we are looking like the next upside rally is here. The daily chart confirmed the breakout with a strong bullish close above the previous high, and as long as prices remain above that, bulls should have the upper hand. Read More…
Introduction It’s time again to look at the overall picture of CL futures and where we see it heading. The price is still hovering inside the support zone at $68, a level that has been tested and held since the start of 2023. Now, it looks like bulls could be targeting a move back up Read More…
Oil prices recovered on Thursday after falling in the previous session due to a super-sized Fed rate cut. However, Middle East tensions kept a floor on price declines. At the same time, crude inventory data showed a bigger-than-expected decline. WTI futures (Source: Bloomberg) On Wednesday, the US central bank cut interest rates by 50-bps, catching Read More…
Gold prices recovered on Wednesday after falling in the previous session as US data supported the case for a gradual pace of Fed rate cuts. Initially, prices rose as the likelihood of a 50-bps rate cut rose last week. However, despite the slight pullback, investors remain optimistic about a looming Fed rate cut. Data on Read More…
