Less aggressive than anticipated remarks from Fed Chair Powell that boosted sentiment. Powell stated that Friday’s surprise jobs report could mean more time in the fight against inflation. Markets are now pricing in a terminal Fed rate above 5% in June. Equities rose in late New York session on Tuesday while the dollar fell following Read More…
Analyzing the profitable short trade from last week. Recent developments on the daily chart point toward bearish weakness. A true story about a pound-trading cyborg. Recap on the double top progress Last week Tuesday, we looked at the double top formation on 6B futures, seeing the potential for a short trade that had a defined Read More…
Pole & Triangle formation showing a strong potential rally is on the cards. Gaussian channel providing long entries on pullbacks for bulls. Macd confirms a period of consolidation. Technical Indicators Pole & Triangle: There was a strong rally before the triangle started forming. During this period of consolidation (Triangle), price has moved sideways, and this Read More…
The Federal Reserve might maintain its hawkish stance for longer. BOJ Deputy Governor Masayoshi Amamiya might be considered for future governor. US nonfarm payrolls grew by 517,000 jobs in January. Currency futures were on the back foot on Monday as the dollar strengthened. The dollar held steady against its peers after solid US jobs data Read More…
Emphasizes the importance of objectivity and a probabilistic mindset in financial markets. Discusses the dangers of making decisions based on emotions and highlights the benefits of being aware of this. Provides technical analysis of the current state of gold futures (GC), including key levels to watch and a potential entry strategy. An important psychological point Read More…
Symmetrical triangle formation is offering us a great long trade opportunity. Analysis of how we can take the trade adjusting risk along the way. Explaining why a pattern like this is so beneficial for traders to understand. Symmetrical Triangle Triangles are popular technical analysis patterns because they have good reliability and the structure of the Read More…
