The March CPI data has delivered a significant boost to the US dollar, effectively wiping out expectations of a June rate cut by the Fed. This development will prove frustrating for the central bank, though the strong economic growth provides them the luxury of patience. The high inflation figures have several key implications. Firstly, they Read More…
In the global markets, a cautious stance prevails as investors await the release of the U.S. consumer price inflation data for March. This anticipation follows a strong U.S. jobs report last Friday that exceeded expectations, fueling speculation about the Federal Reserve’s interest rate plans. Based on the inflation numbers, today’s news could send RTY higher. Read More…
Crude oil futures traded higher on Tuesday morning as ongoing geopolitical tensions in West Asia continued to impact the market. Brent oil futures were up 0.29% to $90.64, while May West Texas Intermediate crude futures gained 0.21% to $86.61. Tensions in the Middle East drove the surge in crude prices. The much-anticipated peace talks between Read More…
S&P 500 Futures Rise Amid Fed Rate Cut Speculation Investor concerns over prolonged higher interest rates weighed on the S&P 500 last week. Federal Reserve Chair Jerome Powell emphasized the need for concrete evidence of inflation nearing the 2% target before considering rate adjustments. This cautious stance has led to a downward revision in market Read More…
Corey Payne from Dallas, Texas is one of the latest ‘scalp style’ traders to receive funding through OneUp Trader. Payne received his $25,000 funded trading account in January 2024 after passing the evaluation in just 17 days. “I chose the $25,000 account size because it offers the best ratio between the profit target and trailing Read More…
Weekly Chart Breakout Confirmation The breach of the previous ATH a few weeks ago remains as the most significant event on the Gold chart this year. With that level now acting as resistance near $2089, we could wait for a pullback to take a long position because at current levels, we would be chasing the Read More…
Trade Opportunities and Levels to Watch: Support Levels: Resistance Levels: MACD Indicator: Volume: Trade Strategy: Stay vigilant for any signs of trend weakness or reversal, and remember that trading requires flexibility. If the market structure changes, be prepared to reassess your strategy and manage your positions accordingly. Always ensure your trades align with your risk Read More…
Introduction The triangle chart pattern is a popular technical analysis formation used by traders to identify potential trading opportunities. This pattern is formed by converging trendlines, creating a triangular shape on the price chart. There are different types of triangle patterns, including: This guide will provide an overview of the different triangle chart pattern trading Read More…
Weekly Chart Analysis: Key Levels to Monitor: Daily Chart Analysis: Trade Strategy: Before entering any trade, confirm it aligns with your risk tolerance and trading plan. Monitor the trade actively, adjusting stop-losses and targets as the market moves. Stay informed and be ready to act on new information that could influence market direction.
Light Crude Oil Futures have been showcasing resilience, marking an upward trajectory after a consolidation phase at a key support level. The weekly chart reveals a rally above the 40-week moving average. The price is trading within the Bollinger Bands, edging closer to the upper band. The RSI on both daily and weekly charts is Read More…
