Interest futures ended lower on Thursday as Treasury yields soared after positive US data. The rally in yields came as market participants lowered bets on Fed rate cuts. PMI data and weekly jobless claims pointed to a still robust economy, raising fears that the Fed might further delay rate cuts. US business activity (Source: S&P Read More…
All Time High Resistance ES bulls attempted to break above the all-time high but have failed with a nasty-looking daily candle for the 23rd. This could be an opportunity to short as there is also some small bearish resistance on the RSI. Long Trade Opportunities Short Trade Opportunities News Events Coming Up To Watch Consumer Read More…
According to the U.S. Energy Information Administration (EIA), crude oil prices are expected to average around $90 per barrel for the remainder of 2024, driven by OPEC+ production cuts and ongoing geopolitical risks. However, they anticipate a decline to an average of $85 per barrel in 2025 due to increasing global oil production (EIA Homepage) Read More…
Price Trends In 2024, the average price of Brent crude oil was around $82 per barrel, which is similar to the average in 2023. West Texas Intermediate (WTI) has also seen a comparable average, with current prices around $79 per barrel. Notably, prices have experienced short-term peaks and declines, with Brent crude hitting a high Read More…
Gold prices pulled back slightly on Wednesday as Fed policymakers pushed back rate cut expectations. However, prices remained near the highs hit in the previous session due to increased demand and optimism about easing US inflation. Fed policymakers have warned against the rising confidence that US inflation is back on a downtrend. Most of them Read More…
Equities ended higher on Monday, with the Nasdaq reaching a new record high as investors waited for Nvidia’s earnings report. At the same time, optimism amid signs of cooling inflation in the US increased rate cut expectations. However, policymakers put a lid on gains with hawkish statements, which weighed on the S&P 500 and the Read More…
