Given the RSI readings showing oversold conditions on the 4-hour chart but not yet confirmed on the daily chart, traders should be cautious and confirm with additional indicators or price action before entering trades. The NASDAQ 100 is volatile, and news or economic events can have immediate impacts, so keeping abreast of such factors is Read More…
Equities recovered ahead of major US earnings reports on Monday and as Middle East tensions eased. The rebound comes after six sessions of declines caused by a drop in Fed rate cut expectations and geopolitical tensions. Nasdaq’s losing streak (Source: Bloomberg) Equities had a rough time last week, with the Nasdaq posting big declines as Read More…
The price of gold has experienced a significant drop after failing to break through the resistance level of $2,400. This decrease in price is primarily attributed to a reduction in demand for safe-haven assets, as tensions in the Middle East, particularly between Iran and Israel, have not escalated further. US Treasury Yields on the Rise Read More…
U.S. stock index futures fell on Friday morning amid heightened tensions in the Middle East and a disappointing revenue forecast from Netflix. An Israeli attack on Iranian soil escalated concerns over regional stability. The CBOE Volatility Index climbed to its highest level in over five months as well as markets digested the news. Dow e-minis, Read More…
Crude Oil has been retreating despite the heightened geopolitical tensions between Israel and Iran in the Middle East. The fundamentals remain supportive, with a pickup in economic activity, although expectations for rate cuts continue to dwindle. The technical analysis will help us determine the next move for CL futures. Daily Timeframe On the daily chart, Read More…
Equities ended down on Monday as Treasury yields rose due to geopolitical tensions and upbeat US data. However, they had rallied earlier in the session due to positive earnings reports from financial institutions. Tensions in the Middle East after Iran’s attack on Israel sent US yields up as investors scrambled for safety. There are worries Read More…
