The crude oil prices edged higher on Wednesday as the data from the American Petroleum Institute revealed a decline in the US oil inventories last week, helping the asset rise from 2-month lows. The Brent crude gained to $73.00 while WTI climbed to $69.00 at the time of writing. The API reported a decline of Read More…
Introduction Gold futures (GC) have been consolidating near all-time highs, with price action stalling after eight consecutive bullish weekly candles. The market showed momentum only last Tuesday, while the rest of the week saw sideways movement. Despite this consolidation, the weekly close remained bullish, keeping the long-term uptrend intact. As of now, gold is trading Read More…
US equities closed mixed on Monday as investors digested geopolitical risks, economic uncertainties, and Nvidia’s upcoming earnings report. The S&P 500 dropped 0.53%, the NASDAQ fell 1.19%, while the DJIA stayed with a 0.08% gain. The equities lack directional bias following the last week’s decline with downbeat US retail sales and consumer confidence while inflation Read More…
Introduction E-mini Dow Jones futures (YM) have rebounded off trendline support, regaining strength after a recent pullback. Price tested the ascending trendline and the 100-day VWMA (43,610), holding above these levels and keeping the long-term uptrend intact. Market Drivers & Key News Events Technical Analysis Bounce from Trendline—Higher Lows Intact Key Support & Resistance Levels Read More…
Currency futures rose on Friday as the risk sentiment remained elevated, putting pressure on the safe-haven dollar. The British pound remained the top performer as the UK’s GDP showed a sigh of relief, followed by a higher-than-expected CPI reading that could result in a slight tweak to the Bank of England’s easing policy. On Friday, Read More…
Introduction In October 2024, we shared the remarkable story of Furkan, a young economics student from Germany who had achieved an impressive $24,700 in withdrawals through the OneUp Trader funded program. Today, we’re excited to bring you an update on his trading, as he has withdrawn another $12,800 across three funded accounts in just nine Read More…
