Interest futures plunged on Thursday as upbeat US economic data boosted risk appetite. At the same time, investors moved to price a lower likelihood of a 50-bps Fed rate cut at the September meeting. However, the move reversed on Friday as the probability of a 25-bps Fed cut rose. As US inflation data solidified bets Read More…
Oil prices fell nearly 1% on Wednesday due to increased demand worries after a bigger-than-expected increase in US crude inventories. However, the move reversed on Thursday as oil traders cheered a rise in Fed rate cut expectations. Data on Wednesday revealed that US crude inventories rose by 1.4 million barrels. It was the first increase Read More…
Introduction The recent decline in the U.S. Dollar Index (DXY) can be attributed to a combination of factors. One of the primary reasons is a shift in market sentiment towards riskier assets. As investor confidence has grown, partly due to strong earnings reports from major companies, there has been a move away from the U.S. Read More…
Introduction The Dow Jones has been in a tight ascending triangle on the weekly chart as all US indices continue to surge despite massive geopolitical tensions. At the moment, YM is bouncing off a low and could possibly look to be moving higher for the next few weeks. Lets take a look at the chart Read More…
Gold prices eased slightly on Tuesday after making new highs on cooler-than-expected US wholesale inflation data. The pullback came as investors took profits after a three-session rally and continued into Wednesday. However, experts believe fundamentals support further upside for prices. Notably, gold prices have rallied since Thursday last week as recession fears eased. The turmoil Read More…
Equities fell slightly on Monday but made new highs as fears of a US recession eased. At the same time, market volatility decreased as panic reduced and investors focused on the upcoming US inflation reports. The panic and fear that caused turmoil in the US equities market have recently subsided. US policymakers have called for Read More…
Introduction Gold has once again broken above its all-time high this year, surging past $2,500 per ounce. Think about this for a moment. We have Gold and equities surging at a time when the work is on the brink of war. Investors don’t know where to put their money anymore. Its a time we must Read More…
Weekly Chart There is an evening star pattern on the weekly chart which hasn’t closed yet. J6 bears are hoping this weeks trading will close red because it will likely lead to a big sell off in the Yen most likely back to previous support levels which is a 9% drop from here. The weekly Read More…
Currency futures rose on Friday as the dollar retreated after three sessions of gains. It extended this move at the start of the new week. Moreover, the greenback had a slightly bearish week but closed well above its lows as Fed rate cut expectations eased. After a volatile week, the dollar eased on Friday as Read More…
Introduction Meet Areina, a funded trader from Atlanta, Georgia, who has made waves in the OneUp Traders funded trader program. Areina’s journey to success began when she completed the $50,000 evaluation in only 15 days. She is a trader with an aggressive style but a relaxed and calm process. Read on to hear exactly how Read More…
