Crude oil futures traded higher on Tuesday morning as ongoing geopolitical tensions in West Asia continued to impact the market. Brent oil futures were up 0.29% to $90.64, while May West Texas Intermediate crude futures gained 0.21% to $86.61. Tensions in the Middle East drove the surge in crude prices. The much-anticipated peace talks between Read More…
Currency futures fell on Friday as the dollar rallied after the US reported a bigger-than-expected increase in employment in March. As a result, there was a higher chance the Fed would lag behind other major central banks in cutting interest rates. Despite the big rally on Friday, the dollar ended the week down. US employment Read More…
S&P 500 Futures Rise Amid Fed Rate Cut Speculation Investor concerns over prolonged higher interest rates weighed on the S&P 500 last week. Federal Reserve Chair Jerome Powell emphasized the need for concrete evidence of inflation nearing the 2% target before considering rate adjustments. This cautious stance has led to a downward revision in market Read More…
Interest futures ended higher on Thursday as investors positioned themselves ahead of the monthly US employment report. However, prices fluctuated during the session as rate cut expectations kept changing. US initial jobless claims (Source: Labor Department) The US released data showing higher-than-expected employment claims. These figures indicated easing conditions in the labor market, supporting Fed Read More…
Oil prices closed at a 5-month peak on Wednesday due to supply concerns. Geopolitical tensions escalated while OPEC member countries agreed to continue with output cuts. Consequently, investors worried that the market would become tighter. WTI (Source: NYMEX) The wars in Gaza and between Russia and Ukraine have contributed to a lot of supply distractions Read More…
On Tuesday, gold prices rallied to a new high on safe-haven demand amid ongoing geopolitical tensions. Prices rose despite an increase in Treasury yields after upbeat US data. Gold rallies (Source: Bloomberg) Tensions in the Middle East and between Russia and Ukraine have pushed some investors to hedge against any escalation affecting other markets. At Read More…
Equities fell on Monday as investors lost confidence in a June Fed rate cut due to upbeat manufacturing data. Notably, most sectors in the S&P 500 closed the day lower, except energy. This sector gained with oil as the demand outlook improved after upbeat manufacturing data from the US and China. US rate-cut bets (Source: Read More…
Corey Payne from Dallas, Texas is one of the latest ‘scalp style’ traders to receive funding through OneUp Trader. Payne received his $25,000 funded trading account in January 2024 after passing the evaluation in just 17 days. “I chose the $25,000 account size because it offers the best ratio between the profit target and trailing Read More…
Weekly Chart Breakout Confirmation The breach of the previous ATH a few weeks ago remains as the most significant event on the Gold chart this year. With that level now acting as resistance near $2089, we could wait for a pullback to take a long position because at current levels, we would be chasing the Read More…
Currency futures edged higher on Friday as the dollar pulled back after inflation fell. However, volatility was low as US markets were closed for the Good Friday holiday. Still, the US released its core PCE price index report, which revealed a drop in inflation from 0.5% to 0.3%. At the same time, consumer spending increased, Read More…
