Equity indices selling pressure is continuing from yesterday, with Russell leading the way to the downside being down over 2.5% on the session while the S&P and Nasdaq both were about 1.5% lower. Looking at relative strength on a daily basis for the S&P, the market was trading at the highest level since July of 2024 after having 6 consecutive days of trading higher. Gold and Silver also traded higher on the session over 1% and have marked a higher high each of the last 3 trading sessions.
Crypto futures also traded higher on the session with Bitcoin and Solana leading the way, with Bitcoin hitting a new all time high price of $110,175. Relative strength is also relevant for Bitcoin on a daily basis as the level has not been this high since December of 2024. Tomorrow, more economic data will be released looking at PMI and Initial Jobless Claims. Initial jobless claims for 2025 have been directly in line or better than expected 14 out of the last 20 reports, and this report has 3rd highest forecasted number of the 2025.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Crypto futures also traded higher on the session with Bitcoin and Solana leading the way, with Bitcoin hitting a new all time high price of $110,175. Relative strength is also relevant for Bitcoin on a daily basis as the level has not been this high since December of 2024. Tomorrow, more economic data will be released looking at PMI and Initial Jobless Claims. Initial jobless claims for 2025 have been directly in line or better than expected 14 out of the last 20 reports, and this report has 3rd highest forecasted number of the 2025.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
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Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.