Risk sentiment is returning to the markets as fears of a recession in the US ease. The Bank of Japan Governor says inflation is short-lived and that the bank will keep easing monetary policy to support the economy. Bears are showing weakness in the charts. The Japanese Yen (6J) futures remain neutral as the pair Read More…
Gold futures (GC) prices consolidated losses at a three-month low ahead of key US inflation data. The dollar pullback reminds buyers of mixed sentiment, but the Fed says growth fears weigh on prices. Another sign of hope for the sellers is the price staying around or below the $1,850 area, although the US CPI could Read More…
UK retail sales data weighed on the pound. The Bank of England is still undecided about a rate hike. Fed’s hawkish rate hike plan drives the market. After UK retail sales data for March failed to show that inflation is biting consumers’ wallets, the British pound futures (6B) fell to major levels during the session. Read More…
In technical analysis, double top and bottom are chart patterns that predict market trends. Hence, it is not uncommon to find double tops and bottoms on the charts of financial instruments. Double tops signify the end of a bullish trend, whereas double bottoms indicate a possible bearish trend reversal. Chart patterns such as double tops Read More…
Futures trading is a dynamic market that presents unique opportunities and exciting challenges. Entering the market can prove to be quite a lucrative decision, but you need to understand that it’s a high risk, high reward setup. You cannot merely get into futures trading and close deals based on your hunch – it’s a recipe Read More…
Futures trading is becoming more and more popular every day among traders that are hungry for profits but at a reduced level of risk. The world of finance is a turbulent one. Trends come and go, how we deal with money changes, but what remains the same is the affiliation people have towards accumulating money. Read More…
