Introduction It’s time for another Trader Spotlight, and this week we’re looking at Erfan, a trader from Muscat, Oman, whose statistics challenge one of the biggest misconceptions in trading. Most traders believe they need to win more often than they lose. After all, if you’re wrong nearly two-thirds of the time, how could you possibly Read More…
Introduction Nasdaq futures are consolidating after the explosive rally from the April lows. Since our previous analysis, buyers have successfully defended the 50-day moving average, but they have also struggled to produce a decisive breakout above the 30,800–31,000 resistance zone. Instead of seeing either buyers or sellers take control, NQ has moved into a triangle Read More…
Interest futures remained subdued on Friday after a mixed US jobs report in the previous session. At the same time, the bond market has faced downward pressure this week amid tensions between the US and Iran. At the same time, the recent surge in expectations of Fed rate hikes has supported yields and hurt interest Read More…
Introduction The Japanese yen has fallen to its weakest level against the US dollar since 1986 as the widening interest rate gap between the United States and Japan continues to favour the dollar. Although the Bank of Japan has raised interest rates to 1%, they remain well below US rates, while higher oil prices and Read More…
Oil prices fell further on Thursday as easing geopolitical tensions improved the outlook for global supply. Market participants are keeping a close eye on talks in Qatar, which are progressing well despite the hostilities witnessed over the weekend. Meanwhile, the US is set to release its pivotal monthly employment report later today. Brent Performance (Source: Read More…
Introduction Gold futures have continued moving exactly as we discussed in our previous analysis. After breaking below the major support zone around 4,165, sellers have remained firmly in control, pushing GC below both the 50-day and 200-day moving averages. When we first looked at the price action in GC, it was more on the side Read More…
