Introduction Last Week, 6E closed with a green bullish hammer on the weekly chart after 10 out of 11 red weeks. A huge decline in value for the Euro. The selling in the Euro has been volatile, with every buy getting sold heavily into. The bears have been in control primarily because the Dollar has Read More…
US equities ended higher on Tuesday, marking their third consecutive day of gains. This rise followed dovish statements from US Federal Reserve officials, which caused Treasury yields to drop. At the same time, investors were cautiously monitoring the situation in the Middle East. Atlanta Fed President Raphael Bostic asserted that there was no need for Read More…
Technical Analysis ES has been in an uptrend this year, and after a sizeable pullback of 8.8% from the recent local top, it appears that the low might be in and could be the opportunity that bulls have been waiting for. Yesterday (Monday, October 10) price action formed a morning star candlestick pattern, and if Read More…
US equities closed higher on Monday as energy stocks surged with oil prices following the latest updates on the Israel-Palestinian conflict. The Israeli military took steps, including calling up reservists and imposing a total blockade on the Gaza Strip. It indicates possible plans for a ground assault against Hamas, which launched a deadly attack over Read More…
On Friday, currency futures gained as the US dollar declined slightly against various currencies after the latest jobs report. The report indicated a widespread increase in US hiring for September but also highlighted a deceleration in wage growth. For the week, the dollar index experienced a 0.1% decrease, ending an 11-week streak of gains. This Read More…
Recap The last time we looked at the US Dollar (DXY), we noticed the strong price action and bullish up trend. Before we look at the new developments in the Dollar, let’s understand what it means for us as traders and investors. A stronger Dollar typically has an inverse relationship with gold, crude oil, and Read More…
