On Monday, financial and technology shares boosted US equities, resulting in a higher closing for the day. Investors were eager for the upcoming quarterly results, marking the acceleration of the earnings season. This week, Tesla and Netflix are scheduled to report their earnings. Additionally, Bank of America, Morgan Stanley, and Goldman Sachs will post their Read More…
Introduction As the Dollar’s slump continues, we have seen the majority of currencies rally. 6J is no exception and has rallied 4.3% in July. This has formed a symmetrical triangle pattern on the daily chart, which we can monitor for the next few weeks and months. There are also other technical patterns we can look Read More…
Recap It has been two months since we did the analysis on ES breaking out of the neckline. Since then, ES has rallied 10%, and that trade has been in profit ever since. Let’s take a look at where we see ES going in the near future, but before we do, take a look at Read More…
The US dollar rebounded on Friday after experiencing significant declines in the previous sessions. Investors were consolidating their losses before the weekend. However, the overall trend of the dollar remained negative. The Fed contributed to this downward trajectory as it is near the end of its rate hike cycle due to weakening inflation. Bloomberg dollar Read More…
Gold prices neared one-month highs on Thursday as the US dollar and Treasury yields declined. The declines reflected expectations that the US Federal Reserve would soon conclude its rate-hike cycle. The dollar index reached its lowest point in over a year, making gold more affordable for international buyers. Additionally, US Treasury yields fell, reducing the Read More…
Recap In the analysis we did on June 28th, the Euro has rallied over 3%, shooting right through the resistance zone high of $1,11. The RSI is also overbought on the daily chart, but there is no significant trend in tact. This tells us that we should avoid searching for long entries at this point. As Read More…
