Introduction Gold futures have started to show some signs of weakness since our previous analysis. Since topping out near the 5,650 region, price has slowly moved lower while forming a series of lower highs on both the daily and weekly charts. Right now, Gold futures are trading around 4,418 after breaking beneath an important support Read More…
Introduction Canadian Dollar futures have started to weaken as the U.S. dollar has strengthened. After several attempts to push higher, sellers stepped back in near the 0.7375 area, and price has slowly drifted lower since then. Right now, 6C is trading around 0.7240 and has slipped below both the 50-day and 200-day moving averages. Let’s Read More…
Gold lost 1% of its value on Tuesday as market participants increasingly bet on a 25 basis point Fed rate hike this year. These bets increased after US military strikes in Iran. As a result, oil prices gained and inflation worries flared. Spot gold (Source: Bloomberg) Gold has dropped since the war began due to Read More…
Introduction S&P 500 futures continue pushing higher as ES grinds toward fresh highs following the aggressive recovery from the April lows. Buyers remain firmly in control of the broader trend, with price continuing to hold well above both the 50-day and 200-day moving averages. The current daily chart shows ES trading around 7,529 after reclaiming Read More…
Equities rallied on Monday amid growing optimism over a likely deal between the US and Iran to end their war. Progress in talks between the two countries has renewed hopes that the Strait of Hormuz will soon reopen. As a result, oil prices have collapsed since last, easing inflation worries. The S&P 500 was retreating Read More…
Introduction Jack K. is a futures trader from Beverly, Massachusetts, who has spent the last five years specializing almost entirely in bond futures markets. This is why we wanted to feature him today, because bond trading is not nearly as popular as other instruments like Crude or the Nasdaq. Unlike many modern retail traders who Read More…
