US equities rose on Tuesday as investors awaited the Federal Reserve’s monetary policy update and processed mixed earnings reports. The Federal Reserve initiated a two-day monetary policy meeting. It is widely expected to maintain interest rates on Wednesday, with investors closely watching its statement and Fed Chair Jerome Powell’s comments for insights into their plans. Read More…
US equities surged on Monday, marking the start of a busy week with a packed schedule, including significant earnings reports, economic data, and the Federal Reserve’s two-day monetary policy meeting. All three major US stock indices recovered from the previous week’s decline. Microsoft Corp, Amazon.com, and Apple Inc, leaders among interest rate-sensitive megacap stocks, were Read More…
Gold Prices Eyeing All-Time Highs After Recent Rally Gold futures have seen a strong rally over the past few weeks, bouncing off a critical support level and now approaching all-time highs. GC is currently trading around $2010 after hitting a low of $1832 just three weeks ago. This bounce of over 8% off the lows Read More…
The market plunged last week, taking out key support levels as the daily chart resembles a rounding top formation. From here, the market still looks bullish in the medium to long term, but let’s take a look at the technicals and levels to watch for this week. You can see the $14,700 level, which was Read More…
Last week’s crude oil technical analysis indicated that the price was on the verge of breaking its upward trendline. The 38% Fib line from last July’s high was a key reference point. Bears targeted the point of control line at $80, while bulls aimed to maintain control above $82 and eyed a move to $95.03 Read More…
On Tuesday, equities rose thanks to strong corporate earnings and optimistic forecasts, boosting investor risk appetite and sparking a broad market rally. All three major US stock indexes moved higher, largely driven by large-cap companies sensitive to interest rates. Meanwhile, benchmark Treasury yields remained stable, comfortably below their recent peak at 5%. The third quarter Read More…
