Technical Analysis Trading Psychology

Sterling Futures (6B) double-top formation, what you need to know

Double-top formation is the most apparent technical indicator we are focusing on. RSI bearish divergence adds some strength to the potential double-bottom. Why expectations lead to disappointments in financial markets. Technical Analysis The daily chart on 6B is currently forming a double-top pattern. Price is still a way away from the neckline, but traders who Read More…

Fundamental Analysis

Investors Remain Cautious Ahead of Central Bank Meetings

Investors expect the Fed to increase interest rates by 25 basis points. This week will also see the release of highly anticipated US employment figures. China’s economic activity resumed expanding in January. Equities inched lower on Tuesday as investors readied themselves for a busy week featuring central bank meetings, a flurry of corporate announcements, and Read More…

Fundamental Analysis

Currency Futures Muted Ahead of Central Bank Meetings

Market movements remained muted ahead of several central bank meetings. Market observers predict the Fed will raise rates by 25 basis points. Core consumer prices in the capital of Japan increased by 4.3% in January. On Monday, currency futures pulled back as the dollar recovered from an eight-month low ahead of a flurry of central Read More…

Technical Analysis

Russell 2000 futures (RTY) runs into resistance level

Two trade possibilities for both the bears and the bulls in the RTY futures contract. The Fed’s meeting schedule for this year. Russell 2000 futures traders story about Michael Liss. Simplify technical analysis & think in probabilities The RTY chart is painting a picture of simplicity at the moment. The trade idea is a simple Read More…

Fundamental Analysis

Gold Prices Pull Back Ahead of US Inflation Data

The US economy expanded more quickly than economists had predicted in Q4. Most analysts anticipate a small US recession by the second half of 2023. Initial jobless claims for state benefits in the US decreased by 6,000. Gold prices fell on Friday, while the dollar rose as investors awaited US inflation data later in the Read More…

Technical Analysis

How the Dow Jones Futures (YM) have diverged from the rest of the market

Breaking down how the dow jones diverged from other market indices last year. Analyzing the symmetrical triangle formation on the daily time frame. A true story about a trader who turned $5,000 into $15,000,000 in seven years. Quick Breakdown The Dow has been trading sideways for the majority of this year, remaining unchanged so far. Read More…

Nasdaq 100 futures (NQ)
Technical Analysis

NQ bulls searching for new yearly highs as rally intensifies

Bulls have finally broken through the down-trend channel Fibonacci levels that bulls are targeting Interesting story about an NQ futures trader What’s going on NQ futures broke out of the downtrend channel back on January 20th and has remained above it since. There is a lot of optimism in the market at the moment as Read More…

Crude oil (CL) futures
Fundamental Analysis

Oil Holds Steady Ahead of OPEC+ Meeting & EU Embargo

The market awaits more clarification on the impending EU embargo on Russian products. Data revealed a less-than-anticipated increase in US crude stocks. Economists expect the global economy to grow by just 2% this year. Following a smaller-than-expected increase in US crude stocks, oil prices held steady on Thursday as investors await more information on supply-side Read More…

currency futures exchanges
Fundamental Analysis

Currency Futures Broadly Ranging Amid Mixed Sentiment

Currency futures prices are ranging across the board today, except for the Australian dollar, which reached a five-month high following higher-than-expected consumer inflation in the fourth quarter. At the same time, other Asian currencies were weak as fears of a global recession tempered optimism about a possible Chinese economic recovery. Australian dollars rose nearly 1% Read More…

S&P 500 futures
Technical Analysis

S&P 500 (ES) Futures mixed ahead of GDP growth rate

Stay informed with our technical analysis of the S&P 500 futures. A potential formation of an evening star pattern and the struggle to break through resistance at $4033.25. Follow our analysis for insights on the market before the FED interest rate decision on January 31st. Quick recap In our analysis from last week, we looked at Read More…