Equities edged higher on Tuesday, extending Friday’s rally after a poor US jobs report. At the same time, hopes for a deal to reopen the Strait of Hormuz improved risk appetite, which saw stocks end the best week since April. This week, the US CPI report due on Wednesday will continue to shape the outlook Read More…
Follow-Up: What Played Out Since August 4 Gold has done exactly what we were watching for. In our previous analysis, price was stuck at 4,118.8 in a tight range between 4,050 and 4,200, and the one thing we singled out was a quiet series of higher lows building in RSI while price went nowhere. That Read More…
Introduction A 23% win rate doesn’t sound like the formula for a $13,747 withdrawal. But for Pamela, a 29-year-old freelancer from Chile, it was. Just 14 days after receiving her first funded account with OneUp Trader, Pamela withdrew $13,747 while trading the E-mini S&P 500 (ES). What makes her performance especially interesting isn’t simply how Read More…
Interest futures collapsed on Thursday, giving back most of this week’s gains after reports of a restrictive draft plan for traffic through the Strait of Hormuz. The bond market had recovered this week as tensions between the US and Iran eased, giving room for talks. Meanwhile, market participants are eagerly awaiting the US nonfarm payrolls Read More…
Oil prices wallowed near weekly lows as US-Iran talks progressed towards a deal to reopen the Strait of Hormuz. Still, the Houthis continued attacking tankers in the Red Sea, causing supply concerns. Meanwhile, market participants await crucial US employment data for clues on future policy moves. Since last week, oil has declined on hopes that Read More…
Follow-Up: What Played Out Since August 3 We flagged 79.92 as the level that needed to hold in our last analysis on crude, with a break opening the door to the 75.00–77.00 shelf. Oil fell hard into that zone, losing roughly 11% across the week’s first three sessions and closing at 75.22, right at the Read More…
