Introduction NQ, like the rest of the world’s stock markets, is surging. Now trading at an all-time high. This week might be the first weekly close above the all-time high, which marks an incredible recovery after a 37% decline from its previous high back at the beginning of 2022. Let’s see what the charts tell Read More…
On Friday, currency futures pulled back from recent highs as Federal Reserve Bank of New York President John Williams opposed market expectations for a rate cut. At the same time, the dollar strengthened. However, it still had its worst weekly performance in a month. Dollar risk reversal (Source: Bloomberg) The dollar’s decline last week followed Read More…
Introduction Crude Oil has fallen from a high of $130 back in the middle of 2022 to a price of $72. Was that the highest price we will ever see in Crude Oil? The market sentiment is bearish at the moment for black gold but what do the charts say? Weekly Chart The weekly chart Read More…
On Thursday, gold prices reached a 10-day high after the Fed indicated that it was done with rate hikes and looking at the possibility of rate cuts. The Fed’s dovish shift, communicated during Wednesday’s FOMC meeting, led to expectations of more aggressive rate cuts. The market responded positively, boosting gold prices. Demand for gold went Read More…
Introduction Along with all other US indices, YM is ripping, and there are no signs of it slowing down any time soon. The Dow Jones blasted through an all-time high on Monday and has already painted three green bars straight and over 2% above the previous high. Let’s look at the technicals and see if Read More…
On Tuesday, US equities reached new yearly highs as the latest inflation figures had minimal impact on expectations regarding the Federal Reserve’s rate cut timing. US consumer inflation (Source: Bureau of Labor Statistics) The November Consumer Price Index (CPI) matched economist estimates with a 3.1% annual increase. At the same time, core prices, excluding volatile Read More…
