Gold fell on Tuesday, extending its decline from the previous session after an upbeat US jobs report increased Fed rate-hike expectations. At the same time, rising geopolitical tensions increased inflation worries. It recovered early Wednesday as market participants geared up for the US CPI report. Since last week, tensions in the Middle East have driven Read More…
Equities ended last week nearly flat as prices oscillated amid geopolitical tensions and US economic data. The conflict between the US and Iran escalated during the week, sending oil prices back above $90 a barrel. Meanwhile, non-farm payroll data on Friday revealed a robust labor market that gives the Fed room to hike interest rates. Read More…
Introduction This is a follow-up to the 3 September analysis, where NQ was sitting on the 29,000 support zone with a morning star on the daily chart. That bounce has held. The morning star formed on the Wednesday session and confirmed on the Thursday green day, and that Wednesday close was 1.16% up. On the Read More…
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…
