Introduction The S&P 500 has broken above all-time highs today on expectations that the first rate cut in four years is coming on the 18th of September. Traders are anticipating the first rate cut since March 2020, which comes after a prolonged period of high interest rates aimed at ‘combating inflation’. The expectations are that Read More…
Currency futures extended Friday’s rally on Monday as the dollar fell to an almost nine-month low due to increased Fed rate cut expectations. The outlook for rate cuts shifted suddenly, with market participants moving to price a higher chance of a 50-bps rate cut. Earlier last week, a set of inflation reports convinced markets that Read More…
Ascending Channel and Key Support: Resistance Zone and Potential Breakout: Volume Analysis: Probabilities: Bullish Breakout Scenario: False Breakout and Reversal: Trade Opportunities
Interest futures fell on Thursday before recovering on Friday due to fluctuations in Fed rate cut expectations. Market participants went from expecting a 25-bps rate cut next week to pricing a higher likelihood of a more significant rate cut. US wholesale inflation (Source: Bureau of Labor Statistics) Investors were initially more convinced that the Fed Read More…
Oil prices rose Wednesday and Thursday as Hurricane Francine ripped through the US, raising fears of supply disruptions. At the same time, investors remained concerned about demand after OPEC trimmed its forecasts for this year and 2025. Hurricane Francine has caused a lot of supply disruptions that have put a premium on oil prices. The Read More…
Overview of the U.S. Dollar Index (DXY):The U.S. Dollar Index (DXY) is currently trading around 101.724, showing a recent bounce from a key support level. The DXY has been in a broad descending wedge pattern, which is generally considered a bullish continuation pattern. The bounce from 100.8 to 101.724 is significant, as it coincides with Read More…
