Introduction Gold futures have extended their breakout since our previous analysis, pushing into new highs and printing $3,715.2 before easing slightly. While momentum remains strong, the overbought RSI and evening star from Tuesday could mean a pause in the rally for the moment. Let’s take a closer look… Technical Analysis Fundamentals Gold’s latest rally is Read More…
Introduction The U.S. Dollar Index (DXY) has begun flattening after peaking back in January of this year. It appears to have found a floor at least for the moment between 96.5–98.5 after its steep decline earlier this year of 12.5%. While the downside pressure has eased, the index has yet to show signs of a 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Introduction Today, we spotlight Doris, a 36-year-old trader from Boca Raton, Florida, who has withdrawn $7,155 through the OneUp Trader-funded program.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…
Recap from August 11 Analysis In the previous analysis, we highlighted: Technical Analysis NQ is back near its all-time high at 24,068, after a short consolidation phase in mid-August. The market has also had three bullish candles in a row, confirming the strength of the bullish momentum. The 50-day SMA is also holding support well, Read More…
