Interest futures extended gains on Thursday as yields dropped due to a decline in oil prices. Oil declined on Wednesday after Trump declared that negotiations with Iran were at the final stages. Meanwhile, experts are warning of higher oil prices if the Strait of Hormuz remains closed in the summer. Crude oil, US 10-year yield Read More…
Introduction Following strength in other US equity markets, the Nasdaq 100 E-mini futures continue to show strong momentum after the aggressive recovery from the April lows. Following the sharp selloff during March and early April when the crisis in the Middle East was at its highest, buyers stepped back into the market and pushed NQ Read More…
Oil collapsed on Wednesday after reports that US-Iran talks were at the final stages. The US called off attacks on Iran earlier this week to give room for negotiations. Elsewhere, the United Arab Emirates is working hard to construct a new pipeline that will pass near the Strait of Hormuz. Oil prices have maintained an Read More…
Introduction Russell 2000 futures are pulling back slightly after a strong rally that pushed RTY back toward the recent highs near 2,815. Small caps have shown impressive strength since the April lows, with buyers stepping back into the market aggressively following the recovery across U.S. equities. The daily chart still shows a bullish structure overall, Read More…
Introduction S&P 500 E-mini futures continue showing strong bullish momentum after reclaiming and breaking above the previous all-time high near 7,097.25. Following the sharp selloff in March and early April, buyers aggressively stepped back into the market, completely reversing the bearish structure. The current daily chart shows ES futures trading firmly above the 21-day, 50-day, Read More…
Gold extended its decline from Tuesday as market participants worried about hot US inflation and its impact on monetary policy. At the same time, a rally in the US dollar made the precious metal expensive for foreigners. Traders are now awaiting the FOMC meeting minutes due on Wednesday. Gold Price Chart (Source: Bloomberg) Since last Read More…
