A $50,000 evaluation does not give you $50,000 of room to trade with. That is just your buying power; the drawdown is something different, and it is important you know how it works before you start trading. This guide shows how OneUp Trader’s trailing drawdown works, when it locks, and how to size trades so Read More…
Reading time: 3 minutes Euro futures have extended their decline since our September 30 analysis. We noted that bulls needed to hold the 1.14 level or we could see selling pressure accelerate. The buyers were not able to hold the level, and the price is now turning even more bearish than it was before. The Read More…
Equities soared on Monday, continuing Friday’s move as investors cheered a decline in Fed rate hike expectations. The tech sector shone with stocks like Nvidia and Micron leading the rally. Market participants are now looking forward to the FOMC meeting minutes due on Wednesday for more cues on future policy moves. S&P 500 (Source: Bloomberg) Read More…
Reading time: 3 minutes In our September 23 analysis, we were watching whether crude oil could hold $89–$90 and recover above $92–$93. Buyers have repeatedly come back into the market near support, but those rebounds have not ended the correction just yet. The market is still making lower highs beneath September’s peak. This is not Read More…
Currency futures were weak on Monday after a difficult week amid rising global yields. Meanwhile, the dollar extended last week’s gains as demand for US assets rose. At the same time, traders are scrambling for safety in the dollar as global bonds plunge and geopolitical risks rise. The increased demand overshadowed a drop in bets Read More…
Reading time: 3 minutes Gold futures are trying to stabilize after September’s decline, but the daily trend remains bearish. The August rally failed near $4,720, and the lower highs that followed have brought price back toward the June and July base. As of today (2 October), price is trading near $4,217.7. It remains below both Read More…
