On Monday, US equities declined, breaking last week’s rally, as investors became cautious before this week’s employment data. The data could impact expectations of an early interest rate cut by the Federal Reserve next year. S&P 500 nearly overbought (Source: Bloomberg) The S&P 500 achieved its highest close of the year on Friday after Fed Read More…
Weekly Chart The weekly chart has seen 5 green weeks in a row, but this week has started off differently as NQ price rallied into a resistance zone at $15931, and price immediately began to sell off. Last week’s spinning top close is also a worry for the Bulls, but they will hope it is Read More…
Introduction Last week, Gold was trending because of how close it was getting to breaking all-time highs. We finally saw that happen, and it was explosive. GC futures burst out of the all-time high, with the price surging 3.15% in 30 minutes. Let’s see what the technicals are telling us now and how we can Read More…
Introduction The T-Bond Futures (ZB) market exhibits a notable consolidation forming on the daily chart, with current price action gravitating towards the 50 and 100 moving averages, signaling potential shifts in market sentiment for the time being. Daily Chart Analysis It is clear that ZB has been a short sellers dream for the past few Read More…
On Tuesday, US equities gained modestly as investors analyzed mixed remarks from Federal Reserve officials. Upbeat consumer data added to the positive sentiment. The three major US stock indexes initially lost momentum but closed in positive territory after a range-bound session. Market participants are closely examining comments from monetary policymakers ahead of the FOMC meeting Read More…
Equities drifted lower on Monday as investors paused after Thanksgiving, anticipating crucial economic data during the bustling holiday shopping season. According to Adobe Analytics, Cyber Monday is projected to drive record spending of $12 billion, enticing shoppers with online deals. This upbeat sign reflects the strength of the American consumer, who contributes about 70% to Read More…
