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…
There is renewed optimism about China easing COVID-19 restrictions. Markets are hoping the recent signs of a slowing US economy will allow the Fed to ease monetary policy. Investors are closely watching the US midterm elections with republican senators in the lead. US Equity Index futures prices, including the E-mini Nasdaq-100 (NQ) futures, rose as Read More…
Republicans have a roughly 70% chance of ousting Democrats from their majorities in the US House and Senate. Headline US inflation is estimated to have fallen in October to 8.0%. There is a likelihood of a US legislative impasse following Tuesday’s elections. With one cautious eye on a crucial inflation update later in the week, Read More…
Bearish target of $1,622 has been hit. Gold consolidating within a tight zone. Fundamentals playing a big role in the Gold price. Bears Target Hit In the October 28th article, we mentioned the potential for Gold to drop to the support zone at $1,622. As we suspected, the gold price has done just that and Read More…
The US dollar declined after the October jobs report showed signs of “softening.” The unemployment rate in the US rose to 3.7% in October. Canadian jobs figures came better than expected, creating further room for the bulls. The Canadian Dollar (6C) futures prices are climbing higher as the CAD strengthens against the US dollar. The Read More…
