Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…
The best day on Wall Street ended today as markets turned lower on recession fears. Investors are unsure whether inflation has peaked. US President Joe Biden is expected to call for temporary tax relief on gasoline. E-mini S&P 500 (ES) futures rose overnight as investors hoped the economic outlook would not be as bad as Read More…
Oil supply concerns were reduced this morning, pushing the index higher. Positive US data has eased recession fears among investors. Crude oil inventory data from the US could move the index later in the day. Bulls could push prices to 13000 in the charts. The Nasdaq 100 index (NQ) futures closed lower on Wednesday, as Read More…
Nasdaq responds to fears of a recession. ECB minutes helped the index to gain slightly. Federal Reserve remains on track to hike rates aggressively. The fall of Nasdaq 100 index futures (NQ) continues amidst fears of a recession, bringing down US indices in Asian and European markets. At the time of writing, the index had Read More…
E-mini S&P 500 futures saw a 2% gain on Wednesday. The gain is attributed to the rise in share prices of tech giants like Apple and Microsoft. Retail companies continue to struggle amid inflation concerns. There is a 2% rise in the E-min S&P 500 futures (ES), and over 90% of the companies in the Read More…
Nasdaq 100 index (NQ) faces bearish pressure with a 27% loss from year to date. Tech giants have seen a shift in their positions amid the recent meltdown. Fed’s aggression to curb inflation seems not to work. So rate hike plan may be fueled by the Fed. The Nasdaq 100 index (NQ) futures were expected Read More…
