Equities rose on Monday, adding to last week’s gains as markets priced in a Fed rate cut at the September meeting. At the same time, risk appetite improved since data last week eased fears of a looming US recession. S&P 500 weekly performance (Source: Bloomberg) Equities closed the best week of the year on Friday, Read More…
Monthly Chart The monthly chart gives us a good idea of where CL has been sitting since the start of 2023. The longer the price sits in the tight range the stronger the break out will be but at the moment CL is being pushed around a lot by fundamentals. The volume profile point of Read More…
Introduction The Dow Jones has been in a tight ascending triangle on the weekly chart as all US indices continue to surge despite massive geopolitical tensions. At the moment, YM is bouncing off a low and could possibly look to be moving higher for the next few weeks. Lets take a look at the chart Read More…
Equities fell slightly on Monday but made new highs as fears of a US recession eased. At the same time, market volatility decreased as panic reduced and investors focused on the upcoming US inflation reports. The panic and fear that caused turmoil in the US equities market have recently subsided. US policymakers have called for Read More…
Introduction Gold has once again broken above its all-time high this year, surging past $2,500 per ounce. Think about this for a moment. We have Gold and equities surging at a time when the work is on the brink of war. Investors don’t know where to put their money anymore. Its a time we must Read More…
Weekly Chart There is an evening star pattern on the weekly chart which hasn’t closed yet. J6 bears are hoping this weeks trading will close red because it will likely lead to a big sell off in the Yen most likely back to previous support levels which is a 9% drop from here. The weekly Read More…
