NQ Futures edged higher on upbeat US data. FOMC minutes show a 50 bps rate hike is possible in July. Bulls can breathe again. Today’s outlook for E-mini Nasdaq 100 (NQ) futures is bullish after upbeat US data pointed to slight economic growth, reducing market recession fears. The Institute of Supply Management released yesterday showed Read More…
Recession fear and strong US dollar triggered sell-off in the crude oil futures. China announced a new round of COVID-19 tests in Shanghai, which could lead to demand dampening restrictions. There is a risk of tighter demand if the global economy tips into a recession. Today’s crude oil (CL) futures forecast is bearish as demand Read More…
Breakout trading is the cornerstone of most technical indicators. It’s usually the simplest way to gauge the magnitude of a trend. And regardless of your trading strategy, you’re bound to experience some false breakouts, which will kill your strategy. So, how do you avoid false breakouts? And more importantly, how do you take advantage of Read More…
Norwegian offshore workers are on strike, which might hurt the oil supply. Joe Biden is considering easing China tariffs, which has rekindled the hope of inflation peaking in the US. RBA is among the central banks raising rates rapidly to tame inflation. E-mini S&P 500 (ES) futures price is struggling to retain any gain as Read More…
The RBA is expected to raise rates by 50bps tomorrow. Australia might end the year with inflation at 7%. Price is attempting a break above the 30-SMA. Australian dollar (6A) futures outlook today is bullish as prices bounce off two-year lows. This move comes ahead of tomorrow’s Reserve Bank of Australia meeting, which is set Read More…
Central bank chiefs are committed to taming inflation despite the economic consequences. Investors worry that Q2 will be just as bad as Q1. The bears are dominating the market on the 4-hour chart. E-mini Nasdaq 100 (NQ) futures outlook today is bearish as investors’ risk sentiment has dried up amid recession worries. At a meeting Read More…
