Introduction What if you are long stocks and the price only went up? What if the RSI was overbought ALL THE TIME? Would you think its time for a retracement? No, you wouldn’t because euphoria is striking, and that is dangerous. It is even difficult to do technical analysis because the price only goes up Read More…
Equities rose on Monday as investors priced in a higher likelihood of a Trump win after the attempted murder. At the same time, optimism about rate cuts in the US after Powell’s dovish comments remained. On Saturday, an assassination attempt against Trump raised the chances that he would win the November election. A Trump win Read More…
The decline in DXY: The DXY index has seen a recent decline, trading at around 105.125, primarily due to the strengthening of the euro and a weaker yen. The euro’s rise was driven by the results of France’s parliamentary elections, which alleviated concerns over aggressive fiscal policies and boosted European stocks and bonds (FX Empire). Read More…
Equities closed at record highs on Monday as investors looked forward to several key events, including Powell’s testimony. The Nasdaq and the S&P 500 extended Friday’s rally when the US jobs report raised the chances of a Fed rate cut in September. The market has more rate-cut optimism as economic reports consistently show a slowdown Read More…
The U.S. stock market continued to surge last week. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all hit new highs again. On Thursday, the Dow increased by approximately 0.57%, while the S&P 500 rallied 1.8% and the Nasdaq saw gains of 3.57% (Nasdaq) (Investopedia). What is driving this rally besides free money? Read More…
OneUp Trader has just hit a major milestone as we reached 1,000 reviews on Trustpilot! Join us as we celebrate this achievement and tell you a little more about the traders who have succeeded in our funded trader program. Over 1,000 Reviews on Trustpilot Our stellar 4.7-star rating shows the quality and reliability of the Read More…
