Currency futures rallied on Friday as the dollar eased due to downbeat US business activity data. At the same time, data from other countries like the Eurozone and the UK revealed a rebound in economic activity. However, by Monday, the greenback rebounded as traders geared up for the Fed policy meeting. Currency futures strengthened last Read More…
Introduction In our previous analysis on January 16, 2025, we identified the potential for ES to continue its rally within the bullish channel with the all-time high (ATH) at 6,154.75 as the next target. Price recently tested this level but failed to break through, forming a double top pattern on the daily chart. Today has Read More…
Interest futures pulled back from recent peaks as risk appetite improved, sending investors to riskier assets like equities. Nevertheless, bullish sentiment remained strong. Risk sentiment shifted after Trump assumed a softer tone regarding Chinese tariffs and called on the US Federal Reserve to lower borrowing costs. US Treasury Index (Source: Bloomberg) On Thursday, the risk Read More…
Introduction In our previous analysis, we anticipated a potential breakout in crude oil futures (CL) if the price could sustain momentum above certain resistance levels. Since then, crude has rallied sharply but failed to hold above the descending trendline resistance, leading to a pullback below the trendline again. Let’s see what the technicals are telling Read More…
Oil prices held near recent lows as market participants worried about the impact of Trump’s tariff and energy policies on supply and demand. At the same time, investors waited for data and the FOMC policy meeting to provide more clues on the future of monetary policy in the US. Oil futures (Source: ICE, Nymex) Since Read More…
Introduction Nikkei 225 E-mini Futures (NKD) have been trading within an ascending channel since September 2024. A breakout above 39,958, could pave the way for a test of the all-time high (ATH). Lets take a deeper look at the technicals. Technical analysis overview Channel Structure Support and Resistance Levels Resistance Levels (Upside Targets) Support Levels Read More…
