Introduction Since our last analysis, the Euro FX Futures (6E) have moved higher into the resistance zone of the downward-sloping trend line. Bears have not been strong enough to push price down to the support at 1.1424, and so now, bulls are looking to make a new push, which could lead to a new leg Read More…
Introduction The Russell 2000 (RTY) has been grinding higher along with the other US indices. Small caps now sit just below their all-time high (ATH) at 2,477. Unlike the S&P 500 and Nasdaq, which have dominated the news, the Russell’s recovery has been steadier, but bulls have their eyes set on the all-time high. When Read More…
Currency futures extended gains on Monday as the dollar fell amid increased pressure on the Federal Reserve to lower borrowing costs. Downbeat employment figures on Friday sent the dollar down against its peers. Meanwhile, market participants are gearing up for crucial US consumer inflation data later in the week. Dollar Index (Source: Bloomberg) The US Read More…
Introduction Today, we spotlight Doris, a 36-year-old trader from Boca Raton, Florida, who has withdrawn $7,155 through the OneUp Trader-funded program. Doris is a scalper, and she trades the NASDAQ Futures contract as well as the micro version (MNQ), which is a very popular instrument for scalpers because of its high volatility. With six years of trading Read More…
Oil prices collapsed further on Thursday as traders worried about an oversupply amid reports of another OPEC+ production boost. In parallel, downbeat US employment figures raised concerns about the state of the economy and demand for oil. WTI futures (Source: NYMEX, Bloomberg) Reports on Wednesday revealed that the members of OPEC+ were planning to boost Read More…
Recap from August 13 Analysis In our previous analysis, we looked at how gold was consolidating below its all-time high near $3,510 but holding above the $3,345-$3,375 support zone. Gold was slowly making higher lows and forming an ascending triangle, and has now broken above it, making a new high of $3,640.1. Now that the Read More…
