Currency futures edged higher on Monday as the dollar struggled to hold Friday’s gains, as the US marked Labor Day. The non-farm payrolls report out last week revealed robust job growth, beating forecasts and increasing expectations for a Fed rate hike. At the same time, inflation worries intensified as Middle East tensions worsened last week. Read More…
Introduction A trend line channel strategy uses two parallel lines. One connects your swing points and defines the trend. The other is projected across the price action and marks where the next swing is likely to stall and swing. You enter on a pullback to the trend line and take profit at the opposite line. Read More…
Introduction Crude oil futures are testing a resistance band around 91 to 93. On the 4 September session price was 90.84 after tagging as high as 92.16 inside that zone. The Primary setup from here is a short off that resistance, with a stop just above Thursday’s session high at 93.15 and a target around Read More…
Interest futures recovered on Thursday after slightly dovish Fed remarks sent Treasury yields lower. However, underlying fundamentals still point to further downside. Tensions in the Middle East have sent oil prices higher, rekindling inflation worries. As a result, Fed rate hike bets have increased significantly from a week ago. The recent collapse in the bond Read More…
Introduction Nasdaq futures have bounced out of the 29,000 support zone after testing the support zone (light blue zone). On the 3 September session price is 29,286. The first real resistance overhead is the 200-day moving average at 29,368, and above that we still have to deal with Friday’s high at 29,811. If the bulls Read More…
Oil prices soared to levels last seen in July as tensions in the Middle East escalated. After pausing for almost a month, the US and Iran were back to missile and drone attacks
