Analysis
INDICES & COMMODITIES DAILY: S&P Consolidates While Oil Breaks $60 Support
S&P 500 (SPX/USD): Index Flattens as Market Rotation Intensifies Key Highlights S&P 500 settles barely changed (+0.06%) at 6,850.92 Significant rotation from tech to financials drives market action Technical momentum shows signs of waning after recent advance Market Overview The S&P 500 traded essentially flat on Wednesday, masking significant divergence…
FOREX & GOLD DAILY: Euro & Pound Consolidate While Gold Tests $4,200
EUR/USD: Bulls Maintain Uptrend as Markets Await Government Funding Vote Key Highlights Euro holds near multi-month highs ahead of critical US House vote Dollar weakness continues despite potential risk-on sentiment shift Technical structure remains bullish above the 1.1500 handle Market Overview EUR/USD continues its consolidation near 1.1592, maintaining position at…
GOLD (XAU/USD): Bulls Hold Above $4,100 as Dollar Slides
Safe-haven demand strengthens amid weak U.S. data. Key Highlights Gold extends rally toward $4,150 on Fed-cut speculation. U.S. Dollar weakness fuels safe-haven interest. Tech-sector rotation boosts alternative assets. Market Overview Gold advanced for a third straight day, holding near $4,125 as soft labor data reinforced expectations for Fed easing.The weaker…
EUR/USD: Dollar Weakness Lifts Euro Toward 1.16 as Traders Price Fed Cuts
Market momentum builds ahead of key Fed speakers. Key Highlights Euro climbs to multi-day highs as weak ADP data hits the U.S. Dollar. Dollar Index slides to monthly lows near 99.30. Traders price in December rate-cut potential. Market Overview The euro extended its rally above 1.1600 on Tuesday as the…
Weekly: Longest Government Shutdown in History Pressures Markets as Tech Tumbles
Markets faced significant pressure this week as the US government shutdown reached its 38th day—now the longest in American history—triggering a tech sell-off and reversing the Dollar’s recent gains. Consumer sentiment crashed to 50.3, the lowest since 2022, while October layoffs surged 183% to the worst reading since 2003. Dollar…
Weekly: Powell’s Hawkish Surprise Drives Dollar to Two-Month Highs
The US Dollar surged to two-month highs near 100.00 this week after Fed Chair Powell’s unexpectedly hawkish tone cast doubt on a December rate cut, despite delivering the anticipated 25-basis-point reduction in October. The government shutdown, now entering its 31st day, continues to complicate the economic outlook as major currency…