Currency futures strengthened on Friday as the dollar paused its recent rally, ending the week lower. The dollar has been climbing for two months as markets scale back expectations of Fed rate cuts. Initially, investors had expected the first rate cut to occur in March this year. However, US economic data has consistently come in Read More…
Weekly Chart AnalysisThe Light Crude Oil Futures on the weekly chart have a clear consolidation pattern within a defined support zone. Volume Profile Visible Range (VPVR) indicates substantial trading activity at these levels. The Relative Vigor Index (RVI) is setting a steady momentum, with the RVI line slightly above its moving average, indicating a slight Read More…
Andrews Pitchfork Andrews Pitchfork is a technical analysis indicator developed by Dr. Alan Andrews in the 1960s. It has become a widely used tool among traders and technical analysts. The indicator consists of three parallel trendlines drawn on a price chart. The middle trendline connects two extreme points, usually a peak and a trough. The Read More…
Interest futures fell on Thursday as more positive US economic data pushed back expectations for Fed rate cuts. However, investors became risk averse as geopolitical tensions escalated, putting a floor on further declines. US jobless claims (Source: Labor Department) Data released on Thursday revealed an unexpected decline in US initial jobless claims last week, showing Read More…
Gold prices rose on Wednesday as Middle East tensions had investors looking for safety in the safe haven of yellow metal. Moreover, a decline in the dollar made gold cheaper for foreign buyers, increasing its demand. Notably, the Israel-Hamas war has escalated since last week with more strikes on vessels in the Red Sea. Additionally, Read More…
Nasdaq futures jumped approximately 2% Thursday morning following a strong earnings report from Nvidia, a leader in AI chip design. The company exceeded Q4 revenue expectations and projected Q1 revenue to triple, fueled by robust demand for its artificial intelligence chips. In premarket activity, Nvidia shares skyrocketed 12.9%, poised to add over $200 billion to its market Read More…
