Introduction There is an interesting pattern on the 6J daily chart that we could take advantage of. Since the middle of 2021, the Yen has been in a downtrend compared to the Dollar, but we want to look at the retracements during that period. Putting a 50 and 100 sma on the chart, there is Read More…
Equities ended higher on Monday as risk appetite improved and demand for mega-cap growth stocks increased. Shares of big companies like Alphabet, Tesla, and Nvidia led gains. At the same time, investors were preparing for this week’s US inflation report, which could reshape the outlook for Fed rate cuts. Nvidia rose by 4.8% after Reuters Read More…
Introduction We are excited to celebrate a big milestone this week at OneUp Trader! This marks the 100th newsletter hitting your inbox! Our Goal With The Newsletters From the very first newsletter, our mission has been clear: to provide educational trading content on recent market news, OneUp Trader updates, and a platform traders can trust. Read More…
Introduction Gold bulls were hoping for a rally through the all-time high last week, but it looks like they will need to sit on the sidelines for a while longer before that happens. Gold futures have performed well so far in 2024. Gold prices have risen approximately 15% year-to-date, reaching new highs. J.P. Morgan’s research Read More…
Currency futures fell on Friday as the dollar rose on safe-haven inflows after a cyber outage. At the same time, Fed rate-cut optimism fell, and markets focused on US economic resilience instead. A cyber outage on Friday spooked investors and had them rushing for safety in the dollar. Cybersecurity firm CrowdStrike made a software update Read More…
Interest futures fell on Thursday as investors took profits after the recent rally on a September Fed rate cut. The US unemployment claims data shows that more people are becoming unemployed, which will likely force the Fed to reduce interest rates in September. Interest futures have been bullish since last week as investors cheered the Read More…
