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Stock Futures Lower After S&P 500 Futures Ticked Down 0.18%

Stock Futures Lower After S&P 500 Futures Ticked Down 0.18%

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and […]
Two Trades To Watch: EUR/USD, FTSE Forecast – Monday, Dec. 2

Two Trades To Watch: EUR/USD, FTSE Forecast – Monday, Dec. 2

Image Source: Pexels  EUR/USD falls amid French political uncertainty French government is on the verge of collapse Eurozone manufacturing PMI contracts further USD rises as Trump threats trade tariffs EUR/USD looks to test 1.05 EUR/USD is falling at the start of the week after strong gains last week as the US dollar rebounds and amid French […]
Czech PMI Weakens But Does Not Flip Into Panic Mode

Czech PMI Weakens But Does Not Flip Into Panic Mode

Image source: Pixabay  The manufacturing PMI dropped deeper into the contractionary zone in November, coming in below market expectations. The weakness in output and confidence reflected infirm foreign demand. At the same time, the reduction in jobs slowed substantially, providing some hope that the industrial malaise may be coming to an end.  Industrial output drops, but […]
USD/JPY Forecast: Tests Key Support

USD/JPY Forecast: Tests Key Support

The US dollar has plunged against the Japanese yen during the trading session on Friday to dip below the 150 yen level. But this is an area that I think will continue to be crucial, so it’ll be interesting to see how this plays out. I like the idea of buying on a dip that […]
French Government On Precipice, Presses Euro Lower

French Government On Precipice, Presses Euro Lower

Image Source: Pixabay  Overview: The US dollar is beginning the new week and month on a firm note. It is rising against all the G10 currencies and nearly all the emerging market currencies. US-President-elect Trump’s threat to BRICS if they abandon the dollar is symbolic than substantive, as we have argued, despite the occasional claim to the […]
New Intraday High On Russell 2000 Last Week

New Intraday High On Russell 2000 Last Week

Small-cap bulls had to wait three long years to see a new high on the Russell 2000, but they failed to hang on to the gains last week. They have achieved this feat at a time when 2024 earnings are set to drop from last year’s and when bullish sentiment is building but not extreme […]
Dash Has Bottomed And It’s Turning Bullish As Expected

Dash Has Bottomed And It’s Turning Bullish As Expected

Image Source: Pexels  The crypto market is in a massive rally, which is not a surprise, as we were expecting big moves, because Dash a.k.a. Digital Cash with ticker DSHUSD was forming an ending diagonal (wedge) pattern for the last year. On August 05 we actually spotted final stages of wave 5 of the wedge pattern within wave […]
Weekly Market Pulse: Questions For The New Year

Weekly Market Pulse: Questions For The New Year

Image Source: Pixabay  As is my usual practice, this will be my last commentary for the year barring big news (and most “news” isn’t, especially that of the market variety). While I won’t be writing for the next month that doesn’t mean I won’t be working. I use the month of December to catch up on […]
Week Ahead: Powell, OPEC+, And US Jobs Take Focus

Week Ahead: Powell, OPEC+, And US Jobs Take Focus

Wednesday: Powell speaks; USDInd in focus Thursday: OPEC+ may delay output hike Friday: US jobs report; US500 eyes 6,000 Markets weigh Trump 2.0’s global impact Geopolitical tensions keep risks elevated As we enter the final month of 2024, various asset classes are set to react to potential US policy signals stemming from Fed Chair Jerome Powell’s speech to the ever-important monthly US jobs report, […]
BREAKING: WisdomTree files Form S-1 for spot XRP ETF with SEC

BREAKING: WisdomTree files Form S-1 for spot XRP ETF with SEC

Key Takeaways WisdomTree has filed for a spot XRP ETF with the SEC. The ETF would track XRP’s price, and Bank of New York Mellon is proposed as the trust administrator. Share this article WisdomTree has officially filed a Form S-1 registration statement with the Securities and Exchange Commission for a spot XRP exchange-traded fund, […]