US producer prices increased by 8%, lower than expected, in the year ending October. Despite declining US wholesale service prices in October, service inflation remains high. NATO allies are looking into claims that Russian missiles killed two people in Poland. The E-mini Nasdaq-100 (NQ) futures made gains on Tuesday as investors jumped on softer-than-expected inflation Read More…
6E has surged through the long-term down channel. The most apparent price zones to watch in the medium term. Fibonacci Fan Analysis on 1-Hourly chart. Euro Surges Out Of Downward Channel Due To a Weakening Dollar We have been tracking the Euro’s downward channel for some time now, and for a while, it seemed the Read More…
Who Is He & Why He Chose OneUp Trader Jipson is a veteran trader from Wisconsin who completed the $50,000 Evaluation this year. He believes OneUp Trader offers the best deals in the industry, with a one-step evaluation, a flexible daily loss limit, and less restrictive maximum drawdown parameters. Jipson loves the 24/7 customer support Read More…
Gold prices trading the major support zone on the monthly chart Potential bullish targets. RSI showing overbought in the short run. Bull flags and the Gaussian channel on the hourly chart. Monthly View We did a piece a few months ago on the multi-year support zone in Gold between $1,674.1 and $1715.5 here. The Gold Read More…
Dollar weakness after the US inflation report boosts the British pound futures. The UK economy shrank in September, signaling the start of a possibly long recession. Markets are awaiting the new budget by Jeremy Hunt. On Friday, the British Pound (6B) futures prices gained ground for a second day on expectations that the Federal Reserve Read More…
The Neckline of the Inverse Head & Shoulders pattern Daily chart is tested. Fibonacci targets revisited from last week. Price zones to keep in mind while trading today’s session. Quick Recap In our analysis from last week, the Head & Shoulders and Parabola were the main focus. CL price has broken the Parabola, which signals Read More…
