Introduction After holding the $87–90 support zone and spending time stabilizing, the price has now pushed higher again, coming close to $100 per barrel. It has been a wild ride since the start of the war for CL prices, moving from $55 to over $120, then finding a footing again at $87. Let’s take a Read More…
Interest futures ended lower on Thursday as escalating tensions between the US and Iran sent oil prices higher. Inflation worries increased, sending Treasury yields higher. At the same time, the recent decline in expectations for Fed rate cuts has weighed on interest-rate futures. Tensions between the US and Iran escalated this week despite an extension Read More…
Introduction Between April 20 and May 4, we’re offering a limited-time campaign focused on helping traders get more out of their performance. With a 95% profit split available on eligible funded accounts, it’s a great time to start fresh or give the evaluation another go. Here’s how it works. What This Campaign Includes Traders who Read More…
Oil prices soared on Wednesday after reports that Iran had seized two ships in the Strait of Hormuz. The news dampened optimism after Trump extended the ceasefire to allow Iranian leaders to agree on a proposal to end the war. WTI crude oil (Source: Heritage Petroleum) Uncertainty regarding the outcome of the US-Iran war has Read More…
Introduction The Dollar has pulled back from its recent strength as rhetoric from the Trump administration has been less bullish for the greenback. DXY is still within the wide range we marked out earlier, between 96.22 and 101.97. A good reason for us to look at the Dollar is the impact it has on equities, Read More…
Introduction ES has now pushed through the prior all-time high around the 7,100 area and, at least for the moment, is holding above it. A new ATH in an extremely dangerous environment with regard to the war in the Middle East. Donald Trump is even calling for war with Cuba, and the equity markets are Read More…
Gold prices collapsed on Tuesday, weighed by a stronger dollar after upbeat US sales data. At the same time, investors preferred the safe-haven dollar amid uncertainty regarding a deal between the US and Iran to end the war. US sales (Source: US Department of Commerce) Data on Tuesday revealed that retail sales in the US Read More…
Introduction Bitcoin has finally started to stabilize after dropping 53% since November. The selloff into the $58,000–64,000 support zone found buyers, and price has since pushed back up toward the mid-$70,000s. Momentum has improved, but that is not only in BTC, but also across assets, as even the S&P 500 has just made new highs. Read More…
Equities ended lower on Monday after gapping down from the previous session’s close amid a sentiment shift. Stocks had recorded a solid week as hopes for an end to the Iran war boosted risk appetite. However, uncertainty returned with the new week, pausing the rally. S&P 500 performance (Source: LSEG, Prof G Media) The two-week Read More…
Introduction It is the start of the week, and time to look at crude oil again. There are some signs of de-escalation taking place in the Middle East & ceasefire discussions, which are causing some profit-taking to take place. That is why we have seen CL move from $98 on Monday last week to $88 Read More…
