Introduction A 23% win rate doesn’t sound like the formula for a $13,747 withdrawal. But for Pamela, a 29-year-old freelancer from Chile, it was. Just 14 days after receiving her first funded account with OneUp Trader, Pamela withdrew $13,747 while trading the E-mini S&P 500 (ES). What makes her performance especially interesting isn’t simply how Read More…
Currency futures remained elevated on Monday as the dollar wallowed near a two-month low after Friday’s jobs report. The US economy unexpectedly lost jobs in July, leading to a decline in Fed rate hike expectations. This week, all eyes will be on the US consumer inflation report for more cues on Fed policy. The dollar Read More…
Interest futures collapsed on Thursday, giving back most of this week’s gains after reports of a restrictive draft plan for traffic through the Strait of Hormuz. The bond market had recovered this week as tensions between the US and Iran eased, giving room for talks. Meanwhile, market participants are eagerly awaiting the US nonfarm payrolls Read More…
Oil prices wallowed near weekly lows as US-Iran talks progressed towards a deal to reopen the Strait of Hormuz. Still, the Houthis continued attacking tankers in the Red Sea, causing supply concerns. Meanwhile, market participants await crucial US employment data for clues on future policy moves. Since last week, oil has declined on hopes that Read More…
Follow-Up: What Played Out Since August 3 We flagged 79.92 as the level that needed to hold in our last analysis on crude, with a break opening the door to the 75.00–77.00 shelf. Oil fell hard into that zone, losing roughly 11% across the week’s first three sessions and closing at 75.22, right at the Read More…
Gold futures gained on Wednesday as reports indicated that the US, Iran, and Oman were close to a truce agreement. Meanwhile, the US dollar and oil saw a decline. Meanwhile, market participants are gearing up for the US nonfarm payrolls report due on Friday. Gold price (Source: Bloomberg) Market sentiment has improved since Saturday, when Read More…
Follow-Up: What Played Out Since July 31 We need to take a look at Nasdaq again because of the recent rally we have seen, which is a very strong v reversal. For those who regularly follow the technical analysis we post on our blog, you would know we were watching the 27,156 level very closely Read More…
Introduction Let’s take a look at Gold’s year so far: a parabolic run to an all-time high in January, followed by one of the more sustained corrections the metal has seen in years. After falling more than a quarter from that peak, price has spent the last few weeks doing something it hadn’t done since Read More…
Equities extended gains on Tuesday as investors cheered strong earnings and hoped for peace between the US and Iran. At the same time, downbeat US data last week eased Fed rate hike bets, allowing stocks to climb. Market participants are now looking forward to the monthly employment report for more cues on future Fed moves. Read More…
Follow-Up: July 29 Levels The prior analysis flagged a close below 79.92 as the signal that the 82 confluence zone had failed, with 75.00 as the initial downside target. Price has now closed at 79.67, right at that trigger. The setup is playing out as the bearish case outlined, and this week is going to Read More…
