Price Trends In 2024, the average price of Brent crude oil was around $82 per barrel, which is similar to the average in 2023. West Texas Intermediate (WTI) has also seen a comparable average, with current prices around $79 per barrel. Notably, prices have experienced short-term peaks and declines, with Brent crude hitting a high Read More…
Equities ended higher on Monday, with the Nasdaq reaching a new record high as investors waited for Nvidia’s earnings report. At the same time, optimism amid signs of cooling inflation in the US increased rate cut expectations. However, policymakers put a lid on gains with hawkish statements, which weighed on the S&P 500 and the Read More…
Gold futures have experienced significant volatility in 2024, driven by economic and geopolitical factors. After closing 2023 at $2,135.39 per ounce, gold prices have continued to rise, reaching new highs. As of mid-May 2024, gold futures were trading around $2,316 to $2,322 per ounce, with fluctuations influenced by the strength of the U.S. dollar and Read More…
Introduction Based on the latest inflation data, the U.S. dollar is likely to remain stable or potentially strengthen in the near term. The slowing but steady inflation rate, coupled with the Federal Reserve’s decision to maintain interest rates at their current elevated level, could make the dollar more attractive to investors seeking a safe haven. Read More…
Introduction The S&P 500 Futures (ES) has rebounded from its recent 7% pullback and broke above the all-time high on May 15th. Technicals look bullish and follow a trend. We can begin grinding down to shorter time frames, avoid looking for shorts, and focus solely on looking for longs on our short-term strategies. Why Daily Read More…
Gold prices recovered on Tuesday as demand rose due to a decline in US Treasury yields and the dollar. This decline came after the US released an upbeat wholesale inflation report that had the opposite effect on prices. At the same time, gold was stronger as Powell maintained his outlook that inflation would decline, hence Read More…
