Interest futures jumped on Thursday after Trump canceled planned strikes on Iran, easing inflation worries. However, a solid US wholesale inflation report increased the likelihood of a Fed rate hike, putting a lid on gains. Market participants have been watching developments in the Middle East. Tensions between Israel, Iran, and the US have escalated since Read More…
Introduction A 21-year-old trader from London has withdrawn $10,111 in just 18 days after getting funded for the first time with OneUp Trader. Having joined the funded trader program only a few months ago, Ali was able to turn that first funded opportunity into a successful withdrawal by scalping the E-mini S&P 500 (ES). Trading Read More…
Oil extended its decline on Thursday as market participants hoped for a near-term supply surge. The decline came despite rising tensions in the Middle East. Furthermore, there was pressure from a rallying dollar after solid jobs data and inflation hitting a three-year high. Tensions in the Middle East escalated last week after Israel renewed its Read More…
Introduction Nasdaq futures have finally seen the pullback that we discussed in our previous analysis. Back on May 21, we highlighted the bearish divergence developing on the MACD and noted that while the trend remained bullish, momentum was beginning to slow. Since then, that scenario has largely played out. After making fresh all-time highs above Read More…
Introduction Bears have taken hold of Gold futures now, with the price breaking well below the ascending support we noted in our June 8 analysis. This reaction in Gold comes after strikes in the Middle East early this week and inflation concerns. The small uptick in the Dollar is also not helping the yellow metal much. Read More…
Introduction It is time to look at the Dollar again as buyers are getting slightly stronger. The 50 MA has crossed above the 200, and RSI is approaching overbought territory. It is also approaching the psychological $100 level, which we should see some resistance at. Right now, DXY is still consolidating in the medium to Read More…
