Interest futures soared on Thursday and Friday as Treasury yields fell after poor US economic data. At the same time, geopolitical tensions led to a scramble for safe assets and boosted prices. The US ISM manufacturing PMI fell from 48.5 in June to an 8-month low of 46.8 in July. The sharp decline in business Read More…
Introduction Meet Greg, a price action trader in OneUp Trader’s funded trader program who has made his mark with a straightforward yet effective approach to the markets. Greg recently made a withdrawal of $3,700 from his funded trading account, and today, we are going to find out just how he did it. Trading style and Read More…
Introduction CL Futures saw a huge rally of 5% yesterday as the EIA showed a larger than expected drawdown in stock piles. This has given bulls new hope that CL can break above $80 and possible head toward $100 in the future. Recent News Geopolitical Tensions: Escalating geopolitical tensions in the Middle East raised concerns Read More…
Oil prices rose by 3% on Wednesday and continued higher on Thursday as investors worried about a possible escalation in the Gaza war. At the same time, the Fed opened the door to a September rate cut, improving the outlook for oil demand. Nevertheless, this sudden oil rally was insufficient to offset oil’s monthly losses. Read More…
