Technical Analysis

Dollar Index in a Tight Coil, Technical Analysis

The U.S. Dollar Index is forming a converging pattern on the weekly chart, suggesting a potential breakout could happen soon. This pattern is known as a symmetrical triangle, and it often leads to significant price movements after a period of consolidation following an upward move. Weekly Looking at the weekly chart, the DXY is in Read More…

Fundamental Analysis

Gold Dips Amidst Renewed Inflation Concerns

Gold prices fell on Tuesday after the US inflation report renewed inflation worries and dimmed Fed rate-cut expectations. The Consumer Price Index report revealed a higher-than-expected figure for the annual rate, raising concerns that the Fed might decide to delay rate cuts further. Core US inflation (Source: Bureau of Labor Statistics) Notably, US headline inflation Read More…

Technical Analysis

Dow Futures Climb, Technical Analysis

Examining the weekly chart, the index has firmly established support within the 36,000 region, demonstrated by the green box marking previous resistance now turned support. The Relative Strength Index on the weekly timeframe reflects strong buying interest with a reading above 74. While this indicates a powerful bullish push, traders should be cautious of the Read More…

Fundamental Analysis

Equities Slide Ahead of Pivotal US Inflation Data Release

Equities ended slightly lower on Monday ahead of US inflation data that might shape the outlook for Fed rate cuts. Investors were cautious, avoiding big positions as they awaited the US CPI report. Additionally, they took profits after Friday’s job report, which revealed weakness in the US labor market. The US will release the Consumer Read More…

Technical Analysis

Gold Futures Shine, Technical Analysis Shows Strong Uptrend

Gold has always held a special allure, and in the financial markets, it is no different. Currently, Gold Futures are exhibiting strength, as indicated by the recent push towards and beyond the $2,089 level as it broke above all-time highs. On the weekly chart, the precious metal has overcome significant resistance, marked by the ‘Previous Read More…

Fundamental Analysis

Currency Futures Surge Post US Jobs Report

Currency futures reached new heights on Friday as the dollar weakened after a mixed jobs report. Notably, the US employment report revealed some weakness in the labor market, supporting the view that rate cuts will come later in the year. As a result, most currency futures rose to new highs before pulling back as Friday’s Read More…