US stocks fell in February due to economic data and statements made by Fed officials. The Conference Board’s consumer confidence index went down to 102.9 this month. European equities ended higher for the second consecutive month. As investors continue to speculate about whether interest rates will stay high for an extended period, US equities concluded Read More…
The Fed may increase interest rates by a half-point in March. Figures revealed that orders of core durable goods in the US rebounded in January. British Prime Minister Rishi Sunak reached a new trade agreement with the EU. Despite continued fears over impending interest rate hikes to contain stubbornly high inflation, US equities managed to Read More…
ES is testing the neckline of the head and shoulders we have been monitoring. A potential long trade we could take that has an attractive risk-reward ratio. Trader mindset announcement. Neckline test There has been very little change in many of the markets recently regarding our technicals, but we can focus on ES since there Read More…
The dollar maintained a seven-week high after new data showed continued strong inflation. The US PCE price index increased 5.4% in the 12 months that ended in January. BOJ’s Ueda emphasized that the central bank must maintain low-interest rates. The US dollar on Friday maintained a seven-week high as new data showing continued strong inflation Read More…
The anchored vwap, stochastic, and tight price range give us a bullish trade. How we can take the trade and the length of time, we expect for it to play out. Trader mindset announcement. Technical Analysis Anchored VWAP: The anchored vwap anchors the volume-weighted average price to a specific candle on the chart. In the example Read More…
Gold’s recent price action gives little opportunities for bulls. Traders could be waiting for a short squeeze to initiate short positions. Trader mindset announcement. The slide Gold futures have dropped 7.6% in 14 days. In that period of time, 80% of the candlesticks have been red. The sell-off has been steep, and bulls would signal Read More…
