Eurostoxx futures +0.7% in early European trading
German DAX futures +0.7% UK FTSE futures +0.5% This comes as European stocks are playing a bit of catch up to the net gains in Wall Street yesterday, as regional indices closed before Fed chair Powell’s remarks. The overall risk mood today is more balanced though with S&P 500 futures and Dow futures down 0.1%, […]
Gold Futures: Rebound looks limited
Share: Open interest in gold futures markets dropped for the fourth session in a row on Tuesday, this time by just 785 contracts according to preliminary readings from CME Group. Volume, instead, resumed the uptrend and went up by around 16.2K contracts. Gold remains supported around $1860 Gold prices edged higher and extended […]
WTI crude oil futures settled at $73.39
The high price reached $78.00 today. The low reached $73.13. The price traded to the lowest level going back to January 23. The low for the year reached $72.46 back on January 5th. The cycle low from December reached $70.08. Taking a broader look at the weekly chart, the price of crude oil has been […]
Nasdaq 100 Futures Drop After Apple Earnings Miss, Amazon and Google Mixed
Earnings, Apple, Amazon, Google and Nasdaq 100 Talking Points: The Market Perspective: Bearish Nasdaq 100 Relative to Bullish Dow Index Amazon and Google both offered mixed earnings results with both companies short of analysts’ EPS forecasts, though revenues were not a detriment Apple, sporting the largest market cap in the world above $2 trillion, missed […]
WTI crude futures settle at $75.88
WTI crude oil futures are settling at $75.88. That’s down -$0.53 or 0.69%. The high price today reached $77.24. The low price extended to $74.97. Looking at the hourly chart, the price has been stepping down below it’s 100 hour moving average since breaking below on Friday. In trading on Wednesday, the price test that […]
Eurostoxx futures +0.7% in early European trading
German DAX futures +0.6% UK FTSE futures +0.4% This comes after the more optimistic mood following the Fed decision yesterday, in particular after Powell’s press conference. US stocks are also eyeing a major breakout as pointed out here and S&P 500 futures are up 13 points, or 0.3%, currently. In Europe, the DAX is just […]
Forecasting Elliott Wave ((iii)) higher In Nasdaq futures
In this blog we will see how we were able to forecast in advance the wave ((iii)) higher in NQ_F. Nasdaq has been one of the weakest Indices within 2022 and has been seeing a relief bounce rally as of recent. We will see below how here at Elliott Wave Forecast were able to forecast […]
Eurostoxx futures -0.5% in early European trading
German DAX futures -0.3% UK FTSE futures -0.4% This mirrors the mood in US futures, in which we are seeing S&P 500 futures down 17 points, or 0.4%, currently. After a solid week of gains, stocks look to be displaying more caution ahead of the central bank bonanza this week. The slight drop so far […]
US equity futures slide ahead of the open. Intel plunges
I expect worries about the Federal Reserve to start to weigh on sentiment in the run up to the FOMC and we might be seeing the start of that now. S&P 500 futures are down 16 points, or 0.4%. Shares of Intel are the big loser, down 9.4% on poor earnings and guidance. On the […]
Eurostoxx futures +0.1% in early European trading
German DAX futures flat UK FTSE futures +0.1% US futures are leaning towards the softer side today but the small changes in Europe reflects the strong rebound in Wall Street yesterday. S&P 500 futures are down 0.4% and Nasdaq futures down 0.7% currently. Meanwhile, the dollar is a touch firmer but the ranges are still […]