Why I see gold moving lower and how we can take positions if that does occur. An incredibly interesting story about a gold trader Nick Leeson. Looking at the pullback again Last time we looked at GC, we were waiting for a potential long entry using a bullish reversal pattern on a lower time frame. Read More…
Analyzing the symmetrical triangle once more as a bullish trade emerges. Why our last trade failed and how we can learn from it and not repeat the same mistake. Triangle We have been patiently waiting for a direction in CL after price has been sitting within the symmetrical triangle for the entirety of the year. Read More…
The Fed’s war against inflation will likely continue as US consumer prices increase. Investors will keenly monitor January retail sales data for clues on consumer spending. Employment in the eurozone increased twice as quickly as predicted last quarter. The US consumer price data for January didn’t change much about what people thought the Federal Reserve Read More…
US inflation data may provide insight into the trajectory of the Fed’s upcoming interest rate hikes. 69% of the S&P 500 companies that have released results thus far have surpassed profit projections. India announced that it aims to triple its annual defense exports to $5 billion by 2024/25. US equities closed substantially higher on Monday Read More…
Inflation report later today will likely dictate price action for the remainder of the week. Analyzing how the triangle pattern is providing three possible setups. The triangle pattern Last week we analyzed the triangle pattern that is forming on YM. Take a look at it here. The price is currently trading right at the top of Read More…
Investors increased their bets on the Fed maintaining its aggressive policy for longer. ECB’s Visco said on Saturday that the ECB must refrain from aggressive hikes. The British economy contracted in the last quarter of 2022. During an earlier London session trading on Monday, investors increased their bets on the Federal Reserve’s plan to maintain Read More…
