Equities gained on Monday amid optimism over looming Fed rate cuts. This enthusiasm rose after the US released a poor monthly employment report on Friday. However, there were also concerns about the state of the economy that weighed on stocks at the end of last week. Data on Friday revealed that the US economy created Read More…
Introduction Since our last analysis, the Euro FX Futures (6E) have moved higher into the resistance zone of the downward-sloping trend line. Bears have not been strong enough to push price down to the support at 1.1424, and so now, bulls are looking to make a new push, which could lead to a new leg Read More…
Introduction The Russell 2000 (RTY) has been grinding higher along with the other US indices. Small caps now sit just below their all-time high (ATH) at 2,477. Unlike the S&P 500 and Nasdaq, which have dominated the news, the Russell’s recovery has been steadier, but bulls have their eyes set on the all-time high. When Read More…
Currency futures extended gains on Monday as the dollar fell amid increased pressure on the Federal Reserve to lower borrowing costs. Downbeat employment figures on Friday sent the dollar down against its peers. Meanwhile, market participants are gearing up for crucial US consumer inflation data later in the week. Dollar Index (Source: Bloomberg) The US Read More…
Introduction Today, we spotlight Doris, a 36-year-old trader from Boca Raton, Florida, who has withdrawn $7,155 through the OneUp Trader-funded program. Doris is a scalper, and she trades the NASDAQ Futures contract as well as the micro version (MNQ), which is a very popular instrument for scalpers because of its high volatility. With six years of trading Read More…
Recap from August 11 Analysis In the previous analysis, we highlighted: Technical Analysis NQ is back near its all-time high at 24,068, after a short consolidation phase in mid-August. The market has also had three bullish candles in a row, confirming the strength of the bullish momentum. The 50-day SMA is also holding support well, Read More…
Interest futures rallied on Friday after US data revealed a smaller-than-expected increase in employment in August. The downbeat jobs data led to a surge in expectations for a Fed rate cut and a decline in Treasury yields. Interest futures have had a bullish week marked by a gradual increase in Fed rate cut expectations. Since Read More…
Oil prices collapsed further on Thursday as traders worried about an oversupply amid reports of another OPEC+ production boost. In parallel, downbeat US employment figures raised concerns about the state of the economy and demand for oil. WTI futures (Source: NYMEX, Bloomberg) Reports on Wednesday revealed that the members of OPEC+ were planning to boost Read More…
Recap from August 13 Analysis In our previous analysis, we looked at how gold was consolidating below its all-time high near $3,510 but holding above the $3,345-$3,375 support zone. Gold was slowly making higher lows and forming an ascending triangle, and has now broken above it, making a new high of $3,640.1. Now that the Read More…
Recap from August 15 Analysis In our previous CL analysis, we highlighted: Technical Analysis Trend & Structure CL in the long term is not in a clearly defined trend, the price remains between $63 and $73. There is a symmetrical triangle formation but price has not had a clearly defined break even after attempting to Read More…
