Introduction The Dow Jones Futures (YM) have been grinding higher, recently printing 46,488 before cooling off slightly. While momentum has slowed, the index remains firmly in a bullish structure, supported by its moving averages and higher highs. Technical Update Trend Support:Price is holding comfortably above the 50-day MA at 45,131 and the 200-day MA at Read More…
Interest futures eased on Friday as Treasury yields and the dollar continued their recovery after the expected Fed rate cut. However, the central bank confirmed that it would continue rate reduction for the rest of the year due to the growing risks to the labor market. The anticipation for a Fed rate cut and a Read More…
Oil prices edged higher on Thursday, a day after the Fed lowered borrowing costs by 25 bps as expected, while markets were optimistic about a fall in crude inventories. However, downward pressure came from concerns about the state of the US economy. After much speculation and anticipation, the Fed finally cut interest rates on Wednesday. Read More…
Equities gained on Monday as market participants eagerly awaited a likely Fed rate cut on Wednesday. However, the outlook for future rate cuts remains uncertain as it will depend on how the Fed views the recent weakness in the US labor market. At the same time, the rally came amid optimism over Tesla stock after Read More…
Gold prices retreated on Wednesday as investors booked profits ahead of the FOMC policy meeting. The decline also came as the dollar strengthened briefly after upbeat retail sales data in the previous session. However, Fed rate cut expectations remained elevated. Gold has rallied to all-time highs in September amid an increase in expectations for lower Read More…
Introduction Gold has extended its rally, clearing previous resistance levels decisively. However, while the trend remains bullish, momentum indicators are starting to flash potential caution signals. The market is entering a zone where prior rallies have faced profit-taking, making this a key zone to watch. Technical Update Key Levels Level Type Note 3,715 Resistance Latest Read More…
