Oil prices edged higher on Thursday, a day after the Fed lowered borrowing costs by 25 bps as expected, while markets were optimistic about a fall in crude inventories. However, downward pressure came from concerns about the state of the US economy. After much speculation and anticipation, the Fed finally cut interest rates on Wednesday. Read More…
Equities gained on Monday as market participants eagerly awaited a likely Fed rate cut on Wednesday. However, the outlook for future rate cuts remains uncertain as it will depend on how the Fed views the recent weakness in the US labor market. At the same time, the rally came amid optimism over Tesla stock after Read More…
Gold prices retreated on Wednesday as investors booked profits ahead of the FOMC policy meeting. The decline also came as the dollar strengthened briefly after upbeat retail sales data in the previous session. However, Fed rate cut expectations remained elevated. Gold has rallied to all-time highs in September amid an increase in expectations for lower Read More…
Introduction Gold has extended its rally, clearing previous resistance levels decisively. However, while the trend remains bullish, momentum indicators are starting to flash potential caution signals. The market is entering a zone where prior rallies have faced profit-taking, making this a key zone to watch. Technical Update Key Levels Level Type Note 3,715 Resistance Latest Read More…
Introduction From Cape Town, South Africa, network engineer–turned–trader Ishaam H. has built an impressive track record since joining the OneUp Trader funded trader program in 2021. Over the past four years, he has received 18 funded accounts, and his total withdrawals amount to over $30,226. What makes his story unique? Instead of chasing massive payouts, Read More…
Introduction We are thrilled to announce another huge milestone for OneUp Trader: we’ve officially reached 2,000 Trustpilot reviews! This achievement wouldn’t have been possible without the incredible community of traders who continue to trust us and share their passion for becoming successful in the markets. Every review tells a story and shows the prop trading Read More…
Introduction 6B is moving higher after a summer consolidation phase, with buyers stepping back in above moving average support. The chart shows a renewal of bullish momentum, and it’s turning more positive as sterling eyes the next resistance zone. Let’s take a deeper look at the technicals and what they are telling us. Technical Update Read More…
Currency futures gained on Monday as the dollar weakened ahead of an expected Fed rate cut this week. At the same time, market participants were looking forward to central bank meetings in Japan, Canada, and the UK. US core CPI (Source: Bureau of Labor Statistics) The greenback fluctuated last week amid mixed economic signals. However, Read More…
Introduction RTY continues its upward trend, holding its rising trendline and staying above the 50 and 200 moving averages. With the all-time high at 2,477 approaching, the small-cap index is showing notable resilience, keeping pace with the bigger U.S. indices. Technical Analysis Key Levels Level Type Note 2,477 Resistance All-time high, key breakout level 2,405 Read More…
Interest futures eased on Friday but were set to end the week higher after a surge in Fed rate cut expectations. Inflation figures on Thursday allowed Treasury yields to recover from their recent collapse, putting pressure on interest futures. Since last week, market participants have absorbed data showing a rapid slowdown in the US labor Read More…
