Introduction At OneUp Trader, we love celebrating the achievements of our traders. Today, we’re excited to share the story of a seasoned futures trader from Florida who has mastered the art of retracement trading with OneUp Trader’s funded program. In just 42 days, he withdrew $9,100 from his funded account, bringing his total withdrawals to Read More…
Month: November 2024
Interest Futures Rally as Trump Trade Fades, Rate Cut Bets Rise
Interest futures had a strong rally this week as the Trump trade faded and data solidified bets for a December Fed rate cut. Meanwhile, Treasury yields and the US dollar eased from their peaks amid thin holiday trading on Thursday and Friday. The dollar and Treasury yields have rallied in November after Trump won the Read More…
Oil Prices Hold Flat Amid US Holiday and Mixed Data
Oil prices held flat on Thursday as the US observed the Thanksgiving holiday. Moreover, US crude and gasoline inventories data in the previous session revealed a mixed picture of demand. Data on Wednesday revealed that US gasoline inventories increased by 3.3 million barrels. Meanwhile, economists had expected a 46,000 barrel draw. At the same time, Read More…
Gold Bounces Back as Dollar Softens Before US Inflation Report
Gold rebounded on Wednesday as the dollar fell ahead of crucial US inflation data. In the previous two sessions, gold eased amid reports of a looming ceasefire in the war between Israel and Hezbollah. Moreover, Trump’s pick for the next US Treasury Secretary boosted the dollar and weighed on the yellow metal. The greenback paused Read More…
Thanksgiving Holiday Trading Hours – CME Group Globex
As Thanksgiving approaches, please note the adjusted trading schedule for November 27–29, 2024. Stay informed to plan your trading effectively! Key Schedule Highlights: Wishing all traders a safe and happy Thanksgiving! For full details, please refer to the official CME Group holiday schedule.
Exciting News: Get 35% Off OneUp Trader Evaluations!
Introduction Attention traders! OneUp Trader is running a limited-time promotion: 35% OFF on all regular evaluations. This is your chance to take advantage of our premium product at a fraction of the cost. You can redeem this code once per email, and you can get funded on up to three accounts at the same time! Read More…
US Equities Flat as Trump’s Tariff Policy Threatens Markets
The US equities gained on Monday amid optimism stemming from speculations about the Israel-Hammas ceasefire. However, the gains reversed and closed the day in negative territory. The US stocks stayed flat on Tuesday as investors went perplexed amid new tariff threats imposed by President-elect Donald Trump. Trump proposes 25% tariffs on imports from Canada and Read More…
Gold Futures ($GC) Technical Analysis – November 25, 2024
Gold futures introduction Building on the November 7 analysis, where we discussed the potential Head and Shoulders (H&S) formation, today’s updated chart confirms resistance at $2,707.6, aligning with the Right Shoulder level. Gold remains in its ascending channel, but a breakdown of $2,542.3, the “Last Support,” would validate the H&S pattern, triggering a reversal with Read More…
Currency Futures Slip as Dollar Gains on Treasury Secretary Nomination
Most currency futures fell on Friday as the dollar rallied on upbeat business activity data. The trend continued on Monday as dollar bulls applauded Trump’s Treasury Secretary nomination. However, the Canadian dollar traded near a high hit on Friday after upbeat sales data. Trump nominated Scott Bessent as the new Treasury Secretary. The dollar rose Read More…
Interest Futures Struggle as Yields Rise on Upbeat Jobs Report
Interest futures fell on Thursday as the dollar, and Treasury yields rose on upbeat US employment data. However, by Friday, prices recovered as market participants awaited the US manufacturing and services PMI figures. US jobless claims (Source: Labor Department) Data on Thursday revealed that US initial jobless claims fell from 219,000 to 213,000 last week. Read More…