The US labor market remains tight, with job vacancies rising more than expected. A tight labor market means still-high inflation dashing hopes for a Fed pivot. US industrial activity grew at its slowest pace in over 2-1/2 years in October. The prices of major equity futures indexes, including the E-mini Nasdaq-100 (NQ) futures, fell as Read More…
The weekly chart shows a bullish false-break candlestick formation. Analyzing the support/resistance band on the 4-Hourly chart. A look into the 1-Hourly trend channel. False Break Candle The false break candle strategy is one we are familiar with at OneUp Trader, and for a good reason – its reliability! The pattern works because when the Read More…
Investors anticipate slow-paced global rate hikes. US businesses reported poor quarterly earnings last week. Markets are holding their breath ahead of Jerome Powell’s press conference. Major equity index futures prices, including the E-mini S&P 500 (ES), continue climbing amid a broader market rebound. The Federal Reserve’s upcoming meeting could reveal how long it will stick Read More…
The parabolic curve on the CL chart continues to act as support. A Potential inverse Head & Shoulders formation on the 4-Hourly time frame. Point of control volume profile acting as resistance. Daily Chart Recap From last week’s multiple tests of the parabolic curve, CL is repeating the same tests once more, with the price Read More…
Economists expect the RBA to raise rates by 25bps on Tuesday. The unexpected rise in Australia’s inflation could see the RBA reconsider its smaller hikes. The RBA might be forced to raise rates by 50bps to try and keep up with the aggressive Fed. Australian dollar (6A) futures prices have been falling ahead of Tuesday’s Read More…
Gold bears are targeting lower prices. Spinning top from yesterday’s session on the Daily chart. Price retraces to test the neckline of a head & shoulders on the 2-Hourly chart. Recap From Earlier This Week On Monday 24th, we looked at the slight bounce in Gold prices out of the minor support potentially forming a Read More…
