Interest futures eased on Friday, heading for a bearish week where Treasury yields and the dollar soared. The Trump trade continued boosting Treasury yields due to the prospects of robust growth and high inflation. At the same time, hawkish Fed remarks lowered the likelihood of a rate cut in December. 10-year US Treasury yield (Source: Read More…
Tag: futures trading
U.S. Dollar Technical Analysis – Donald Trump Pump
Chart OverviewThe U.S. Dollar Index (DXY) has seen a significant rally on the back of Donald Trump’s return to the presidency, as market sentiment anticipates potentially stronger economic policies and interest rate hikes. This has positioned the dollar for further gains, pushing it past a critical resistance zone and igniting speculation about new all-time highs Read More…
Oil Prices Stabilize, Slight Rebound After Recent Decline
Oil paused its decline and rebounded slightly on Thursday after reaching new lows in the previous session. Moreover, data on Wednesday revealed a bigger-than-expected drop in US crude inventories, indicating strong demand. US inflation (Source: Bureau of Labor Statistics, Bloomberg) Oil collapsed Wednesday as the dollar rallied to an over seven-month high amid optimism over Read More…
Gold Stabilizes After Post-Election Slide, Inflation Report Looms
Gold prices edged higher on Wednesday, halting the recent collapse caused by Trump’s election win. The pause came as market participants geared up for the crucial US inflation report, which will give clues to future Fed policy moves. Gold (Source: Bloomberg) Gold has fallen since Trump won the US presidential election. Trump’s win led to Read More…
S&P 500 E-mini Futures Technical Analysis – November 13 2024
Introduction Investors are viewing Trump’s return as very bullish for pro-business policies, fueling the recent rally that we see. It is difficult now to think of something that could send the market lower if the ongoing geopolitical conflicts wouldn’t do it. At the moment, the S&P 500 is up 4% since the election and what Read More…
Equities Soar to Record Levels on Extended Trump Rally
Equities closed at record highs on Monday as optimism over Trump’s presidential win extended into the fourth day. Investors are buying more stock in companies like Tesla, which will likely benefit from Trump’s reelection. At the same time, his proposal to cut taxes will benefit smaller companies. S&P 500 index (Source: Bloomberg) Since Trump won Read More…