Equities pulled back on Tuesday as market participants prepared for the FOMC policy meeting. Fundamentals support a rate hike on Wednesday as the Fed tries to tame inflation and cool the economy. The tensions in the Middle East have caused a significant surge in oil prices, fueling price pressures. After months of speculation, market participants Read More…
Introduction Are we about to see the start of the next bullish move in Bitcoin? It has been nearly 12 months since the last Bitcoin peak. The previous major bear markets lasted roughly 12–14 months from peak to bottom, and if the cycle repeats itself, we are approaching that time frame within the next month. Read More…
Interest futures collapsed on Friday as yields soared with oil prices amid escalating geopolitical tensions. The war between the US and Iran continued to send fuel prices higher, especially since there is no end in sight. At the same time, the US Treasury Department announced a smaller-than-expected bond buyback on Wednesday, which weighed on interest Read More…
Currency futures were down on Monday as the dollar strengthened ahead of the FOMC policy meeting. Recent economic data and developments in the Middle East have boosted bets on a Fed rate hike on Wednesday. Market participants are also gearing up for policy decisions by the Bank of Japan and the Bank of England. The Read More…
Introduction Crude oil futures are still bullish on the daily chart, but the rally is testing major resistance around 102 to 105. The breakout above the 91 to 92 zone has accelerated sharply, and on this session price is about 100.97 after tagging as high as 104.46. CL has now reached its highest level since Read More…
Oil prices soared on Wednesday as tensions in the Middle East worsened. The US and Iran hit several oil tankers while the Houthis attacked oil facilities in Saudi Arabia. Meanwhile, market participants are watching incoming US data for clues on the Fed’s monetary policy path. Oil futures (Source: ICE, Nymex) The new conflict between the Read More…
Introduction Dow Jones futures are sitting above a clear support zone at 51,938, and there is a slight bearish bias in US equities right now. On the 10 September session price is 52,601. Price has also slipped under the 50 moving average at 53,120, which is now resistance. Until support breaks or holds, trade the Read More…
Introduction If you’ve traded with a prop firm before, you already know that nothing matters more than actually getting paid. Everything else is a means to an end, the platform, the pricing, the drawdown structure, the scaling plan, because none of it counts for anything if the money doesn’t reach your bank account when you Read More…
Introduction Gold futures bounced out of the support zone around 4,000, the turquoise rectangle on the chart, and that bounce ran into more or less a 17% rally. From the previous high on 25 August we’ve had a small pullback of about 8%, which is a 50% retracement, and that’s a good place to see Read More…
Gold fell on Tuesday, extending its decline from the previous session after an upbeat US jobs report increased Fed rate-hike expectations. At the same time, rising geopolitical tensions increased inflation worries. It recovered early Wednesday as market participants geared up for the US CPI report. Since last week, tensions in the Middle East have driven Read More…
