Currency futures edged lower on Monday as the dollar resumed its rally after Trump rejected Iran’s proposal. Talks at the UN only revealed heated tensions between the US and Iran, sending oil prices higher. With this, inflation concerns increased, and Fed rate hike expectations jumped, boosting the greenback. Meanwhile, other major currencies like the euro Read More…
Introduction The US dollar has bounced strongly from its September lows, moving back above both the 50 and the 200 moving average and trading near 101.05 on the daily chart. The recovery puts the June–July highs back in reach, but buyers still have to clear an important resistance zone before we can call this a Read More…
Introduction Russell 2000 futures have pulled back from the August high near 3,100 and are now approaching the 200-day moving average around 2,825. Price is trading at 2,863.8, but sellers are still in control. The recovery from the March lows has not completely broken down, but buyers need to start defending these lower levels. Can Read More…
Interest futures collapsed on Thursday, extending the previous session’s move as Fed rate hike expectations increased. Comments from US and Iranian officials at the UN showed simmering tensions. As a result, oil prices jumped, raising inflation worries and sending rate hike expectations higher. Initially, the bond market had been on a slow uptrend as oil Read More…
estimated reading time: 9 minutes Dan bought his first $25,000 evaluation on a Sunday night, mostly to see how it would go. Dan isn’t one person. He’s a bunch of traders we hear from every week, but his approach is the same as all of them. He had a few setups he liked, a general Read More…
Introduction Dow futures have given back much of their summer rally and are now testing an important support area around 51,450–51,950. With price at 51,744 on the chart, buyers have an opportunity to defend the level, but we have yet to see a convincing reversal. The question now is whether this becomes a base for Read More…
