Interest futures recovered sharply on Thursday after reports of a likely ceasefire extension deal between the US and Iran. The news sent US Treasury yields lower as oil prices collapsed and inflation concerns eased. At the same time, a set of downbeat economic figures lowered bets for a Fed rate hike in December. The bond Read More…
Introduction Gold futures have started to show some signs of weakness since our previous analysis. Since topping out near the 5,650 region, price has slowly moved lower while forming a series of lower highs on both the daily and weekly charts. Right now, Gold futures are trading around 4,418 after breaking beneath an important support Read More…
Oil prices plunged on Wednesday after top US officials’ remarks fueled hopes for a peace deal to end the Iran war. Meanwhile, traders remained worried about the fragile ceasefire in the previous session after reports of US strikes in Iran. The oil market has remained bearish since Wednesday last week, as the likelihood of a Read More…
Introduction Canadian Dollar futures have started to weaken as the U.S. dollar has strengthened. After several attempts to push higher, sellers stepped back in near the 0.7375 area, and price has slowly drifted lower since then. Right now, 6C is trading around 0.7240 and has slipped below both the 50-day and 200-day moving averages. Let’s Read More…
Gold lost 1% of its value on Tuesday as market participants increasingly bet on a 25 basis point Fed rate hike this year. These bets increased after US military strikes in Iran. As a result, oil prices gained and inflation worries flared. Spot gold (Source: Bloomberg) Gold has dropped since the war began due to Read More…
Introduction S&P 500 futures continue pushing higher as ES grinds toward fresh highs following the aggressive recovery from the April lows. Buyers remain firmly in control of the broader trend, with price continuing to hold well above both the 50-day and 200-day moving averages. The current daily chart shows ES trading around 7,529 after reclaiming Read More…
