Dollar weakness after the US inflation report boosts the British pound futures. The UK economy shrank in September, signaling the start of a possibly long recession. Markets are awaiting the new budget by Jeremy Hunt. On Friday, the British Pound (6B) futures prices gained ground for a second day on expectations that the Federal Reserve Read More…
The Neckline of the Inverse Head & Shoulders pattern Daily chart is tested. Fibonacci targets revisited from last week. Price zones to keep in mind while trading today’s session. Quick Recap In our analysis from last week, the Head & Shoulders and Parabola were the main focus. CL price has broken the Parabola, which signals Read More…
Better-than-expected CPI report shows inflation may have peaked. A Double Bottom pattern forms on the Daily chart. Bull, Bear, and Crab trade scenarios. The CPI Report The November Consumer Price Index (CPI) Report released on Thursday shows that inflation may have peaked. Prices increased 0.4% month-on-month, and prices less food and energy rose 0.3%. These were low Read More…
Gold prices soared following a sharp drop in US inflation. China’s senior authorities advocated for more focused restrictions amid a rise in COVID-19. The odds of a fifth straight 75bps Fed rate hike have fallen below 15%. A massive rally in Gold (GC) futures prices occurred following a sharp drop in US inflation data on Read More…
There are increased fuel demand worries as China battles a fresh wave of COVID-19 infections. US crude inventories rose significantly last week as domestic production increased. Markets are anxiously awaiting US inflation data. On Thursday, Crude oil (CL) futures prices declined for a fourth day due to worries that new COVID restrictions in China, the Read More…
Who Is He & Why He Chose OneUp Trader Zachary B is a futures trader from Texas who completed the $50,000 Evaluation in October of this year. He chose the 50K Evaluation because the contract sizing suited his trading style, and the low $150 monthly subscription appealed to him. Zachary chose OneUp Trader because of Read More…
