crude oil futures (CL)

Crude Oil Futures (CL) Trades Higher as the EU Plans to Ban Russia

The crude oil futures trades higher as the supply side faces several hindrances. EU’s embargo on Russian oil may result in higher crude oil prices. OPEC+ favors the limited price hike after the EU’s ban. The price of crude oil futures (CL) traded higher due to supply-side factors, such as the Organization of the Petroleum Read More…

gold futures (GC)

Gold Futures (GC) Break $1,900, Eying $1,921 Ahead of US NFP

As markets digest the Fed’s policy statement on Wednesday, gold futures prices have recently risen above $1,900. Analysts said that Powell ruled out a 75 basis point rate hike in the coming months, eliminating some downside risk for gold. Now, the focus will be on the NFP report on Friday. As bulls continued to control Read More…

E-mini S&P 500 (ES) futures

E-mini S&P 500 (ES) Futures Fall as Post-Fed Optimism Fades

The ES fell around 0.6% in premarket as Fed’s rate hike impact weighed on the index. Fed’s Powell announced that he would not consider a 75-bps rate hike in the next meeting. Covid-19 restrictions in China keep global stocks under pressure. The E-mini S&P 500 (ES) futures fell 0.6% in premarket trading. On Wednesday, the Read More…

british pound futures 6b

British Pound (6B) Gathers Traction as USD Pauses Rally

The British pound (6B) rose more than 0.50% after hitting a 22-month low. The US dollar pauses the uptrend and corrects lower before the weekend. The Bank of England’s rate hike plan may not help the pound prevent further losses. Over the weekend, the British pound (6B) rose half a percentage point as the pound Read More…

Nasdaq 100 futures (NQ)

Nasdaq 100 (NQ) Gains as Meta Jumps on Upbeat Report

Nasdaq gains amid upbeat reports of Meta Platforms. Overall, the index is expected to close the month with about 12% losses. Disappointing earnings reports of Netflix and Alphabet may weigh on the NQ. After a two-day decline, futures on the Nasdaq 100 (NQ) gained up to 2.2%, around 13,340. However, the index pared off gains Read More…


Gold Futures (GC) Remain Supported by Risk-off Sentiment

Gold futures (GC) saw a dip below $1,900 on Wednesday. Fed’s rate hike plan keeps the dollar-dominated gold under pressure. Negative risk sentiment may keep the losses limited. Gold futures (GC) prices remained in a tight range on Tuesday. However, the price dipped below the $1,900 level and broke the previous monthly lows of $1,890. Read More…