Interest futures rose on Thursday as Treasury yields declined due to concerns about the US banking sector. The US Treasury Bond (ZB) futures and the 10-year T-Note (ZN) futures ended Thursday on a bullish note. Meanwhile, investors continued to absorb Powell’s remarks on Wednesday, which confirmed that rate cuts would come later than March. Concerns Read More…
Oil fell on Wednesday due to poor economic activity data from China and a higher-than-expected increase in US crude oil inventories. According to data released on Wednesday, manufacturing activity in China dropped for the fourth month in January. China is a leading oil importer. Therefore, a decline in economic activity in the country means a Read More…
S&P 500 (ES) Weekly Chart Analysis: The S&P 500 E-mini Futures have demonstrated a robust uptrend, reflected in the rising channel on the weekly chart. The market recently pushed through the resistance marked by the previous all-time high, establishing a significant bullish sentiment. Current resistance sits at the upper boundary of the channel near the Read More…
Gold rose on Tuesday, reaching a two-week high as the dollar and Treasury yields declined. Investors were focused on the looming Fed decision on Wednesday, where they expect the central bank to keep rates unchanged. The big question for gold traders is when the Fed will start cutting rates. When interest rates in the US Read More…
Weekly Chart On the weekly chart, bond buying is evident as the yields have continued to decrease since 2020. The RSI has moved above the neutral zone and is sitting at 53.19. The weekly does not give much clues about where we could see it moving in the near term and is neutral. Daily Chart Read More…
Weekly Chart Starting with the weekly chart, the Dollar has shown significant strength. Bulls have clearly taken control as indicated by the 4 weekly green closes in a row. We have successfully reached our first bullish target at 103.821, from our analysis last week. The current movement suggests that we could see further upside momentum, Read More…
