On Thursday, gold prices surged as Treasury yields fell due to indications that the Federal Reserve’s restrictive policy is starting to take effect as intended. Investors were also preparing for Friday’s highly anticipated release of the Labor Department’s February jobs report. The dollar fell from a nearly three-month high, gold increased, and benchmark US Treasury Read More…
Update on price action The small cap index has dropped 10% since the recent high in RTY, which was $2,015. The price has plunged dramatically and is currently in free fall. Let’s take a look at some technical levels we can watch out for going forward. The main bear target is at $1,738 which is Read More…
Wednesday saw a decline in oil prices due to concerns over the impact of more aggressive interest rate increases on the US economy and oil demand. The concerns overshadowed a larger-than-expected drop in US crude inventories. Tuesday saw a decline in oil of more than 3% following remarks made by Jerome Powell, the chairman of Read More…
Trade Recap Last week Friday, we looked at a potential short trade in GC, and the position has worked out so far, with the first target being hit. The second target is still some way away, but let us look at some developments and see if there is anything we can do to adjust our Read More…
Gabriella is a momentum trader from Macedonia who completed the $50,000 Evaluation. She has been a trader at OneUp trader and a part of their funded trader program for 4 years. Her daily routine consists of checking the economic calendar, support and resistance levels, and possible break-out areas where price may move powerfully in a Read More…
US equities ended Tuesday considerably lower after Federal Reserve Chair Jerome Powell informed Congress that the central bank would probably need to raise interest rates more than initially anticipated. Powell warned US lawmakers that the Fed is prepared to raise rates in more significant increments, sending stock investors running for safety. Future economic data might Read More…
Investors are awaiting this week’s hearing of Federal Reserve Chair Jerome Powell. Investors will be watching for clues about the Fed’s trajectory for rate increases. European Central Bank officials defended the necessity for additional interest rate increases. US equities showed minimal movement on Monday, finishing barely above their session lows. Investors were preparing for this Read More…
Analyzing the trade from last week on YM and seeing if there are any adjustments we can make. Hourly chart entries for traders who still believe in the bullish move. Trader mindset announcement. The trade Last Monday, we looked at a long trade in YM. Let’s go over the updates and see if there are Read More…
Investors are anticipating Federal Reserve Chair Jerome Powell’s testimony. The ECB has promised to deliver a 50bps rate hike on March 16. The Bank of Canada will maintain its benchmark interest rate at 4.50%. Currency futures rose on Friday amid dollar weakness. For the first time since January, the dollar index, which compares the dollar’s Read More…
Looking at the recent price action in CL. There are trade opportunities for a range-bound trade and a breakout trade. Spinning top spotted on the 3-month chart and what it means for the rest of the year. Overview Crude has been a range trader’s dream as black gold remains within a tight 5 Dollar range Read More…
