Follow-Up: What Played Out Since August 5 Analysis We flagged 30,000 as the level to watch in our last analysis on Nasdaq, with a close above it opening the door to 30,300 and the June highs. Price never got there. Instead, NQ spent five sessions grinding sideways beneath that number, closing at 29,794.75 — 101 Read More…
Gold closed its best week since January on Friday as Fed rate hike expectations eased. A resumption of talks in the Middle East and a downbeat nonfarm payrolls report lowered the likelihood of a rate hike in September. Market participants are now awaiting more policy cues from the US CPI report. Gold weekly performance (Source: Read More…
Equities edged higher on Tuesday, extending Friday’s rally after a poor US jobs report. At the same time, hopes for a deal to reopen the Strait of Hormuz improved risk appetite, which saw stocks end the best week since April. This week, the US CPI report due on Wednesday will continue to shape the outlook Read More…
Follow-Up: What Played Out Since August 4 Gold has done exactly what we were watching for. In our previous analysis, price was stuck at 4,118.8 in a tight range between 4,050 and 4,200, and the one thing we singled out was a quiet series of higher lows building in RSI while price went nowhere. That Read More…
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…
