Discover essential strategies for the OneUp Trader funded trader program, including risk management and trading discipline, for a successful trading career. Taking your first step toward funded trading marks an exciting milestone but requires careful planning and a strategic approach to enhance your chances of success. In this guide, we will go through the essential Read More…
Introduction The dollar is flat for the year after, at one point being down 4%, then swinging to the upside and gaining nearly 8% from the lows in July. The Fed’s stance indicates that we should see Dollar weakness, but what do the charts tell us? 1-Year Daily Chart Here is an improved version: The Read More…
On Friday, the US dollar strengthened as new data revealed increased US job growth, pushing currency futures down. Moreover, there was a drop in the unemployment rate for November, indicating robustness in the labor market. US employment change (Source: Bureau of Labor Statistics) The Labor Department’s Bureau of Labor Statistics reported an addition of 199,000 Read More…
Introduction We saw Gold reverse violently last week as the all-time high was broken for the first time in three years. Bulls were hoping for continued buying pressure once the significant level was broken but what we saw instead was an incredible reversal. Gold was trading as high as $2,150 per ounce last week before Read More…
On Thursday, gold strengthened as the dollar weakened ahead of US non-farm payrolls data. Traders anticipated signs of a weaker labor market, increasing the likelihood of a Federal Reserve rate cut in March. Chris Gaffney, head of world markets at EverBank, warned that market expectations for interest rates had become too optimistic. He stated that Read More…
On Wednesday, oil prices dropped by almost 4%, reaching the lowest close since June. Concerns about global fuel demand increased following US data revealing a larger-than-expected increase in gasoline inventories. Prices were also impacted by worries about China’s economic health and future fuel demand, worsened by Moody’s downgrade of China’s A1 rating outlook from stable Read More…
