Introduction Along with all other US indices, the Dow is dropping as the conflicts in the Middle East continue. Initially, US indices did not react much, but as time goes by, the market is pricing in the developments. The strong dollar is also undoubtedly factoring into the price since YM is priced in dollars, so Read More…
Introduction Gold has now moved well beyond the initial breakdown we looked at in the previous analysis. What started as a loss of the $5,000 level has developed into a volatile drop, with price now trading near $4,400 and testing toward $4,150. In our prior analysis, the key idea was that a break below $5,000 Read More…
US equities bounced back as geopolitical tensions showed early signs of easing at the beginning of the week. However, underlying risks continue to cast doubt on the rally’s sustainability. Investor confidence rose after President Trump said that US-Iran talks were fruitful, which eased fears of further escalation in the Middle East. This caused oil prices Read More…
Introduction Crude oil has been in price-discovery mode for 4 weeks since the start of the conflict in the Middle East and appears to be finding some stability now. This is a meaningful shift. In the previous analyses, the focus was on whether crude would consolidate or retrace after the explosive move. Instead, the market Read More…
Global currency futures indicated the week would start slowly. The US dollar held steady amid rising geopolitical tensions and a mixed outlook for monetary policy. The US Dollar Index futures (DXY) traded near 99.65, up slightly, as investors sought safety in the dollar. But the move lacked strong follow-through, as it failed to break above Read More…
Introduction Nasdaq futures (NQ) are currently in a difficult position, sitting just above a key support zone near 24,500, while remaining below the 50 and 200-day moving averages. The market is mostly consolidating at this period of uncertainty surrounding the war in the Middle East. Positioning correctly is not very easy in these conditions because Read More…
