Gold prices recovered on Tuesday as demand rose due to a decline in US Treasury yields and the dollar. This decline came after the US released an upbeat wholesale inflation report that had the opposite effect on prices. At the same time, gold was stronger as Powell maintained his outlook that inflation would decline, hence Read More…
Equities ended slightly lower on Monday as investors stayed on the sidelines ahead of US inflation data. At the same time, they were preparing to receive the earnings reports of major US retail companies. This week, the US will release several important reports, including wholesale inflation, consumer inflation, and retail sales. All these will significantly Read More…
Dow Jones Futures (YM) have slightly underperformed by about 5% vs. ES and NQ, but nevertheless, the trend is bullish. The key feature on the daily chart is the ascending triangle formation, which gives us a target at the 200% FIbo level. This is the bullish target for the medium term. Keep an eye out Read More…
Currency futures dropped on Friday as the dollar gained strength on higher US inflation expectations. At the same time, investors absorbed comments from Fed policymakers regarding interest rates. Meanwhile, US consumer sentiment fell. Data on Friday from the University of Michigan revealed a decline in consumer sentiment. The figures came in at 67.4 in May, Read More…
Hey traders, We’ve been working hard behind the scenes to bring you a feature that many of you have been asking for, and we’re excited to finally make it happen. Starting May 14th, we’re rolling out Multiple Accounts, which means you can trade up to three evaluation accounts and three funded accounts, all under one Read More…
The U.S. dollar saw marginal losses on Monday, consolidating after traders shifted their focus to the upcoming U.S. inflation data for further guidance on interest rates on Wednesday as well as Jay Powells speech tomorrow. Traders are awaiting the release of the latest U.S. inflation data, which is expected to play a pivotal role in Read More…
Introduction CL ended last week with a spinning top formation on the weekly chart after a fairly small range of trading. Volume was also slightly below the weekly average telling us that there was indecision in the market and a potential move coming up that we can capitalize on. The week prior we saw CL Read More…
Investors Await Fed Speakers for Insight on Interest Rate Outlook U.S. stock futures rose on Friday, setting the stage for the Dow Jones Industrial Average (YM) to potentially secure its eighth consecutive day of gains. As investors eagerly await a series of speeches from Federal Reserve officials, a growing confidence that a rate cut is Read More…
Interest futures rose Thursday as Treasury yields fell after US employment data boosted rate cut expectations. Consequently, investors bet that the Federal Reserve’s rate-cut cycle could start in September. Meanwhile, market participants were preparing for another round of US inflation data next week for more clues on the outlook for Fed rate cuts. US jobless Read More…
Introduction Gold has been the standout so far this quarter as geopolitical tensions persist. It is not only acting as a safe haven, but the chart has some great formations we can take advantage of. The daily chart shows just how strong the trend has been since November 2023, with the 21-week Simple Moving Average Read More…
