SroshMayi

SroshMayi

Futures stall in lead-up to payrolls revisions, Fed minutes Nasdaq Technical Analysis: The price remains consolidated between 19625 and 19840, awaiting a decisive breakout. Bullish Scenario: A potential pullback to 19625 could precede the continuation of the bullish trend. Sustained stability above 19625 would support an upward move toward 19840. A 4-hour...

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S&P 500 Snaps 8-Day Win Streak Ahead of Fed Minutes and Jackson Hole Uncertainty Market Reversal: Wall Street reversed course Tuesday, breaking recent winning streaks. Fed Minutes: The Federal Reserve will release minutes from its last meeting, where rates were held but future cuts hinted Jackson Hole: This week's Jackson Hole event could further...

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Gold Futures Hit New Record on Rate-Cut Speculation and Central Bank Demand Rising expectations that the U.S. Federal Reserve will ease monetary policy have driven gold prices to new highs. Prospects of rate cuts and expanded quantitative easing have boosted safe-haven demand for gold, while a weaker U.S. dollar has increased its appeal to both domestic and...

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Stock Index Futures Edge Higher on Fed Rate Cut Hopes, Powell's Speech in Focus In yesterday’s session, Wall Street’s major indexes closed higher, with the S&P 500 reaching a 1-month high. S&P 500 Technical Analysis The price is currently consolidating between 5,584 and 5,620, awaiting a breakout. Bullish Scenario: If the price stabilizes above 5,620,...

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Wall Street Edges Higher as Focus Shifts to Jackson Hole Meeting Nasdaq Technical Analysis The price has reversed and stabilized within the bullish zone after breaking above 19,625. Today, consolidation is likely between 19,625 and 20,100 until a breakout occurs. Bullish Scenario: As long as the price remains above 19,625, the uptrend is expected to continue...

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Equities Rise as Traders Await This Week's Earnings, Jackson Hole Symposium Current Outlook: The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs. Bullish Scenario: Trading above 40800 will likely support a rise towards 41030 and above it will...

SroshMayi Updated 

The Nasdaq posted a strong gain of approximately 5.6% last week Nasdaq Technical Analysis The Nasdaq is anticipated to undergo a bearish correction today, with price action likely to consolidate between 19,210 and 19,625 until a breakout occurs. Bullish Scenario: For a bullish continuation, the price must break above 19,625 and close a 4-hour candle above this...

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Gold Futures Climb on Weaker U.S. Dollar and Rate Cut Optimism Gold futures have risen by 0.15% to $2,541.8 per troy ounce, after reaching a new record high of $2,549.9 in early Asian trading, driven by ongoing weakness in the U.S. dollar. The precious metal previously hit a record on Friday, supported by favorable economic data from the U.S. Technical...

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S&P 500 Futures Rise After Risk-On Sentiment Drives Best Week of 2024 Equities fluctuated between gains and losses on Friday but ultimately ended higher, with the S&P 500 achieving a 3.9% weekly gain. The risk-on sentiment last week propelled the broad index to its strongest performance of 2024, with momentum still targeting 5,584 and 5,620, provided it...

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Gold Futures Climb on Weaker Dollar, Robust Demand from Chinese Retail Investors Chinese retail investors continue to favor gold as a safe haven amid ongoing concerns about the real estate market, even shifting away from traditional investments like diamonds in favor of the yellow metal. Technical Analysis: Gold Current Outlook: The price has reversed sharply...

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Equity Futures Mixed, ETFs Lower Pre-Bell as Earnings Season Winds Down Technical Outlook: Bullish Scenario: For a bullish continuation, the price must stabilize above 40,650, targeting 40,780 as the next resistance level. Bearish Scenario: A sustained move below 40,470 will likely trigger a bearish trend, with potential declines towards 40,290 and...

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Markets Eye Fresh Drivers; Bullish Momentum Holds Above Key Support Wall Street is on the lookout for new catalysts before the market opens, while markets in Asia and Europe are showing gains. The price has recently risen and hit our target with a solid +1.8% increase, and the momentum is still pointing towards the next targets of 5584 and 5620, provided it stays...

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GBP/JPY Analysis The price is expected to remain in the bullish zone as long as it trades above 188.290, with bullish momentum supported by strong liquidity. Bullish Scenario: As long as the price stays above 188.290, and particularly above 189.100, the direction is expected to remain upward, targeting 191.580. Bearish Scenario: A reversal and stabilization...

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Gold Futures Rise, Recovering Some Losses on Weaker Dollar Gold retreated from near-record highs on Wednesday after U.S. inflation data, while positive, suggested that the Federal Reserve might implement smaller-than-anticipated interest rate cuts in September. Technical Analysis: Gold Current Outlook: The price hit our target perfectly and has since...

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Equities Mostly Rise After Consumer Inflation Report Current Outlook: As long as the price remains above 40,060, the trend indicates a potential upward movement. Bullish Scenario: Trading above 40,060 will likely support a rise towards 40,320 and 40,485. Bearish Scenario: If the price reverses and stabilizes below the pivot line at 39,900, a bearish trend may...

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Futures Steady Ahead of Key Inflation Report The price has advanced, successfully reaching our target, with momentum still driving toward 5,491 and 5,525. Bullish Scenario: As long as the price trades above 5,460, the bullish trend is expected to continue toward 5,491 and 5,525. Bearish Scenario: Stability below 5,458, confirmed by a 4-hour candle close, could...

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Gold Futures Rise to Near Record, as Market Prepares for U.S. Inflation Data Technical Analysis: Gold Current Outlook: The price advanced as predicted, and to maintain the bullish trend, a break above the all-time high (ATH) of 2,475 is necessary to target 2,484 and 2,493. Bullish Scenario: The price needs to break above 2,475 by closing 4h candle to confirm a...

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Futures Hold Steady Ahead of Key Inflation Report The price has surged, successfully hitting our targets with a gain of approximately 400 points Next Outlook: The upcoming movement will be influenced by the CPI report, with two potential scenarios: Bullish Scenario: If the CPI is released below 3.00%, the bullish trend is likely to continue, aiming to break...