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Fundamental Analysis

Equities Mixed as Investors Await the US Debt-Ceiling Talks Outcome

US Equities had a mixed finish on Monday as the Nasdaq benefited from gains in Alphabet and Meta Platforms, while the S&P 500 remained nearly unchanged. Investors chose not to make significant bets as they awaited fresh talks about raising the US debt ceiling. US President Joe Biden and top congressional Republican Kevin McCarthy scheduled Read More…

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Fundamental Analysis

Currency Futures Climb as Dollar Slips After Powell’s Speech

Most currency futures rose on Friday as the dollar dropped due to Federal Reserve Chair Jerome Powell’s unexpected dovish stance. Contrary to market expectations, Powell stated that the US central bank might not need to raise interest rates as much, considering the tightening of credit conditions.  Additionally, the dollar faced pressure from a pause in Read More…

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Fundamental Analysis

Gold Plunges as Hopes for 2023 Fed Rate Cuts Fade

On Thursday, gold prices collapsed as robust US economic data diminished expectations of the Federal Reserve easing. Additionally, gold fell as the greenback received a boost from the anticipation of a US debt ceiling agreement, averting a potential default. A stronger dollar makes for more expensive gold for foreign buyers. Negotiations between the White House Read More…

Technical Analysis

T-Bond Futures (ZB) price action update as short trade pays off

Trade update from previous analysis On May 2nd, we looked at a potential short trade in ZB. It has played out nicely, with the target very close to being hit. Take a look at the article here. There is an ascending triangle forming on the daily chart that we can monitor as price moves toward the Read More…