Recap The last time we looked at T-bond futures was at the beginning of August when we expected price to move lower into a support zone. This happened last week as ZB touched last year’s lows. Let’s see where we expect price to go from here after the support zone successfully held. Technical analysis As Read More…
US equities surged on Tuesday as Tesla, Nvidia, and other mega-cap growth stocks drove the rally following a decline in monthly job openings. The decline solidified expectations of the US Federal Reserve hitting a pause on interest rate hikes. The S&P 500 marked its most robust daily upswing since June 2, while the Nasdaq recorded Read More…
Introduction The pullback in equities might be coming to an end, as ES spiked 1.6% on Tuesday. The retracement seen on the daily chart was over 6% from the local top, and the recent bullish price action gives us confidence in being able to take long positions. Let’s re-look at the inverse head and shoulders Read More…
Equities rallied on Monday, driven by gains in 3M and Goldman Sachs. Moreover, the focus was on upcoming inflation and jobs data, pivotal for insights into the Federal Reserve’s interest rate trajectory. All three leading stock indices saw increases. Investors processed recent remarks from Fed Chair Jerome Powell, suggesting the need to raise interest rates Read More…
Dollar rallies into resistance zone The Dollar has been on a tear for the past two months, rallying 5% against a basket of currencies. That’s its greatest two-month performance since last year. Looking at the technicals, DXY is currently in a critical spot, trading within a resistance zone. Fundamentals and the macroeconomic environment have been Read More…
The dollar held firm on Friday after Powell’s speech, putting pressure on currency futures. The Federal Reserve Chair Jerome Powell said the central bank may need to hike interest rates further to ensure inflation drops but promised to proceed “carefully” at upcoming meetings. In a speech at a summit on the economy in Jackson Hole, Read More…
