On Monday, equities on Wall Street closed higher, with the Nasdaq leading the charge with a 1% rally, reaching its highest closing level since July 31. The S&P 500 also registered its highest close since Aug. 1. The Nasdaq rose because Microsoft hit a record high after hiring prominent artificial intelligence executives. Microsoft CEO Satya Read More…
The last time we looked at RTY was almost a month ago as the price just broke below a support trend line. Now, the market for small caps has lagged behind the large cap stocks. Let’s do some technical analysis and see if we expect this gap to close or grow wider. Support and Resistance Read More…
Introduction As geopolitical tensions continue to simmer, gold’s status as a safe-haven asset is once again coming to the fore, driving buying interest in Gold Futures (GC). With an eye on the short-term trends, let’s look into the daily chart for a technical view of where GC futures stand. Resistance at the $2019.7 high The Read More…
Equities surged on Tuesday as US inflation data for October came in lower than expected. The data sparked investor confidence at the end of an era of interest rate hikes and the possibility of imminent reductions in borrowing costs. US inflation (Source: Bureau of Labor Statistics) Data revealed that US consumer prices remained steady in Read More…
On Monday, US equities closed slightly lower as investors anxiously awaited a crucial inflation reading that could influence the duration of high interest rates by the US Federal Reserve. Following a strong rally on Friday, attention shifted on Monday to the Consumer Price Index (CPI) data scheduled for release on Tuesday morning. US CPI (Source: Read More…
Intro The bond-buying has hit a roadblock for the moment as ZB shows signs of a reversal. On the ZB futures chart, we look at this inversely as bond buying means the chart goes down because yields get less. So for this article, when ‘bullish’ is made as a reference it indicates the chart is Read More…
