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Everybody's looking for the Federal Reserve to signal an interest-rate cut today. The central bank issues its policy statement at 2 p.m. ET -- one of the most important events this week. It could be even bigger than usual because Fed watchers are looking for a key...
Bearish technicals and fundamentals could spell more downside for oil. That's the view from John Hoagland at TopstepTrader. Crude-oil futures (@CL) may extend their recent slide to about $45.50, according to his analysis of recent price action. It closed around $51...
The U.S. dollar seems to be teetering before some events with the potential to drive it lower. The U.S. dollar index (@DX) has spent most of 2019 between 95 and 97.75. It broke down quickly from those highs in early June and is now squeezing into a potential triangle....
Oil's crashing as supply-and-demand worries hammer commodity prices. Crude oil futures (@CL) are down 3.2 percent in afternoon trading. If the move holds, it will be @CL's biggest decline of the year. Copper (@HG), another economically sensitive product, fell to its...
Two general rules dominated futures markets on Tuesday, according to John Hoagland at TopstepTrader. When a contract opens "in value" from the previous session, traders should consider waiting for it to test the outside of its recent range. This applied to Nymex WTI...
Last week was dramatic for stocks but there was also big news in the futures market. Micro contracts, requiring barely one-tenth the capital of traditional futures, began trading on CME. The new product offers several potential benefits for retail investors --...
The greenback surged yesterday as America's growth prospects kept outshining the rest of the world. Futures on the U.S. dollar index (@DX) ended Wednesday's session at 97.86, their highest close in more than two years. Two broad forces seem to be at work. One's a push...
The S&P 500 has potential to accelerate higher as it flirts with last year's highs. That was the view this morning from John Hoagland at TopstepTrader. S&P 500 E-mini futures (@ES) have consolidated in a tight range since the beginning of last week. On this...
Gold may be able to extend its rally if it breaks through a key level now being tested. That was the verdict from John Hoagland at TopstepTrader. Gold futures (@GC) have spent six days at or near 1308. Hoagland said odds may favor a breakout above that level because...