Bitcoin’s remarkable rally has the cryptocurrency community buzzing as it nears the previous all-time high (ATH) of approximately $68,900. A technical analysis of the daily and weekly charts reveals a sustained upward trend that invites optimism for continued bullish momentum. The daily chart showcases Bitcoin’s substantial break above both the 50-day Simple Moving Average (SMA) Read More…
Tag: Futures
Gold Hits Record Highs on Rate Cut Expectations
Gold prices soared to record highs on Tuesday due to increasing rate-cut expectations. Additionally, the yellow metal got support from a weaker dollar, ongoing geopolitical tensions, and demand from central bank purchases. US services growth (Source: Institute for Supply Management) Rate cut expectations rose on Tuesday after data from the US revealed a decline in Read More…
S&P 500 E-mini Futures Reach for Record Highs
In an impressive display of bullish momentum, the S&P 500 E-mini Futures have charted a path toward new heights. As we analyze the current trend, it’s clear that the bulls have taken the reins, with the recent close above the critical support level of $4244.75 signaling confidence in the US economy. The key takeaway from Read More…
Technical Analysis for E-Mini Russell 2000 Index Futures:
Russell has been severely lagging the big indices with 1 year performance at 7%, while NQ has posted a 47% increase in the same period. Is it finally time for the small caps to catch up? Weekly Key Levels to Watch on the Weekly: Daily Key Levels to Watch on the Daily: Potential Trades: Always Read More…
Equities Close Slightly Lower as Investors Await US Economic Data
Equities fluctuated on Monday but closed slightly down as investors waited on the sidelines for more high-impact economic releases from the US. Additionally, they awaited more policy clues from Fed Chair Jerome Powell in his testimony before Congress on Wednesday. Notably, the S&P 500 reached temporary highs during the session, propelled by rallies in stocks Read More…
Currency Futures Surge Amid Dollar’s Decline Post Weak US Manufacturing Report
Currency futures rose on Friday as the dollar fell after weaker-than-expected data on US manufacturing. However, unlike other currencies, the yen fell due to dovish remarks from BoJ Governor Kazuo Ueda. US manufacturing activity (Source: ISM) Data on Friday revealed a contraction in US manufacturing in February. Additionally, factory employment fell to a 7-month low. Read More…