Introduction Crude oil is hovering around $62.30–62.50, finding buying pressure inside of a support zone. After months of steady selling, bulls are starting to find some strength and are looking to push the price back up toward the 50-day SMA. Lets take a deeper look at the technicals and what they are telling us. Technical Read More…
Currency futures gained on Monday as the dollar resumed its pre-FOMC meeting decline. The drop in the greenback came as market participants looked forward to Fed policymaker speeches. These speeches could further highlight the central bank’s new dovish tone amid labor market weakness. Dollar Index (Source: TradingView) The Fed cut interest rates as expected during Read More…
Interest futures eased on Friday as Treasury yields and the dollar continued their recovery after the expected Fed rate cut. However, the central bank confirmed that it would continue rate reduction for the rest of the year due to the growing risks to the labor market. The anticipation for a Fed rate cut and a Read More…
Introduction The Nasdaq 100 (NQ) has powered into new all-time highs (ATH), breaking above the 24,068 resistance and climbing to 24,720. The move confirms continued bullish strength in tech, but momentum is stretched, leaving the index vulnerable to a short-term cooldown. Technical Update Key Levels Level Type Note 24,720 Resistance Current high, extension point 24,068 Read More…
Oil prices edged higher on Thursday, a day after the Fed lowered borrowing costs by 25 bps as expected, while markets were optimistic about a fall in crude inventories. However, downward pressure came from concerns about the state of the US economy. After much speculation and anticipation, the Fed finally cut interest rates on Wednesday. Read More…
Equities gained on Monday as market participants eagerly awaited a likely Fed rate cut on Wednesday. However, the outlook for future rate cuts remains uncertain as it will depend on how the Fed views the recent weakness in the US labor market. At the same time, the rally came amid optimism over Tesla stock after Read More…
