Higher interest rates are affecting corporate America. Recession worries are rising as the Fed further tightens its monetary policy. Fed rate increases have had little impact on inflation. The E-mini Nasdaq-100 (NQ) futures prices edged slightly lower during the Asia session on Wednesday. The US Federal Reserve is anticipated to deliver another significant interest rate Read More…
A 5% swing was recorded in yesterday’s trading session Hammer or a Hanging Man Candlestick Pattern formation Crude oil’s downtrend still intact since the middle of June Targets for the bears and the bulls Daily Chart Candlestick Yesterday’s session saw a swing in CL from being down 4.3% to reversing and closing 0.6% in the Read More…
Investors are awaiting a wave of rate hikes from central banks. There is a 20% chance that the Fed will raise rates by 100bps. Investors worry the Fed will tip the US into a recession. Investors anticipate additional significant interest rate increases from central banks to tame inflation. Sweden set the tone early in the Read More…
Minor support level broken Downtrend continuation with $11,592.75 as a target for Bears MACD slightly oversold in the short term Fibonacci Retracement levels On Monday, September 19, the trading session opened lower, and the Bears seem firmly in control now. Connecting the June 16 Low to the August 16 High with Fibonacci retracements gives the Read More…
Japan’s inflation increased by 2.7% in August. The BoJ is pressured to tighten monetary policy as inflation stays above its 2% target. The BoJ is looking set to intervene in the yen’s recent declines. The Japanese Yen (6J) futures price has pushed off its 24-year low. This rise can be attributed to the increase in Read More…
The daily trend is still bearish Price consolidating around the $1 level Range-bound trading opportunities on the 2-Hour Chart Introduction Because of the worse-than-expected CPI data and a strong Dollar, we can take advantage of many potentially good trades available in the markets currently. The fear of an economic crash in Europe is rising due Read More…
