Weak Chinese manufacturing PMIs kicked off the selling activity in Copper, but CTA selling activity into the liquidity vacuum has exacerbated the downside with algos on track to sell more than -7% of their max size, TDS’ Senior Commodity Strategist Daniel Ghali notes. Systematic sellers may accelerate Copper declines “Given China has been the most acute…
Gold price bounces from multi-day lows as bargain hunting kicks in early Wednesday. The US Dollar reverses recovery gains as investors doubt President Trump’s intentions. Gold price appears a ‘buy-the-dips’ trade as the RSI eases and prods the bullish zone. Gold price has bounced off the dip to three-day lows near $3,310 early Wednesday…
Despite this short-term pullback, gold price action shows strong bullish momentum driven by geopolitical tensions and fluctuating policy signals from the Trump administration. Fed Chair Powell’s recent warning about a possible stagflation scenario adds to concerns, supporting long-term gold demand. According to Powell, the Fed’s dual goals of controlling inflation and supporting employment could increase…
Gold price rebounds from the Asian session trough as the USD stalls its recovery from a multi-year low. The weakening investors’ confidence in the US economy and Fed rate cut bets weigh on the Greenback. The optimism over easing US-China tensions remains supportive of the risk-on impulse and caps the XAU/USD pair. Gold price (XAU/USD)…
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The S&P 500 Index ($SPX ) (SPY ) today is up +0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.48%. June E-mini S&P futures (ESM25 ) are up +0.32%, and June E-mini Nasdaq futures… Source link
Last week saw markets navigate the triple witching expiration amid continued focus on trade tensions and the Federal Reserve’s latest policy projections. The S&P 500 ($SPX) (SPY) showed resilience despite lingering concerns about tariff impacts, with investors digesting NVIDIA’s latest product announcements and reassessing rate cut expectations. He… Source link
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The S&P 500 Index ($SPX) (SPY) Monday closed up +0.64%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.55%. March E-mini S&P futures (ESH25) are up +0.66%, and March E-mini Nasdaq futures (NQH25) are up +0.53%. Stock indexes closed moderately higher on Monday as…
The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.62%. March E-mini S&P futures (ESH25 ) are up +1.45%, and March E-mini Nasdaq futures… Source link