Currency futures rose on Friday as the dollar eased due to increased risk appetite. Risk sentiment improved after China announced stimulus measures to support the country’s stock market and risk-sensitive currencies like the Australian dollar firmed. However, the trend shifted on Monday as the dollar recovered on bets of a Trump win. On Friday, China Read More…
Introduction Hey traders, We’ve got some exciting news to share with you today! We’re always looking for ways to improve our funded trader program and make your experience a high-quality one, and we think this latest update will do just that. We have reduced the required trading days from 15 to only 10 to get Read More…
Introduction Since the prior analysis conducted in mid-September, the bearish double-top formation has played out as predicted. Price Movement Since September 11 RSI (Relative Strength Index) Short-Term Outlook: Medium-Term Outlook: Final Call:
Bullish Structure Still Intact The price of Gold Futures (GC) has continued its strong uptrend, respecting the bullish structure from our previous analysis. The bull flag is still intact, and gold prices are on their way to hitting the bullish target of 2,842. From here we can assume that if the target is hit, it Read More…
Summary of Previous Analysis The original short trade idea was based on a failed breakout attempt above the $2,275 resistance, leading to a short entry around $2,233, with a stop loss at $2,320.5 and a target near the trendline at $2,135. The rationale for the trade was the concentration of volume in the $2,150-$2,275 range Read More…
Interest futures fell on Thursday and Friday as Treasury yields rose while Fed rate cut expectations fell after upbeat US data. Market participants moved to price a higher chance of a small rate cut during the November meeting. Since Tuesday, interest futures have declined as the outlook for rate cuts in the US shifted. The Read More…
