Overview Crude Oil has been an interesting one to watch this year as we see prices bounce around within the $70 and $80 range. Range-bound traders have been able to capitalize on these moves while trend traders have been struggling. Technical analysis The gap has been filled that we mentioned last week. The bears have taken Read More…
On Tuesday, US equities plunged, ending the day in the red, while Treasury yields fell. Investors fled for safe havens due to weak economic data and disappointing earnings. The session concluded with all three major indices down by 1% or more. The tech-heavy Nasdaq fell 2%, marking its largest one-day decline since March 9. Those Read More…
US equities shuffled to a mixed close on Monday, with interest rate-sensitive momentum shares weighing on the Nasdaq. Investors prepared for a week of significant quarterly results and eagerly awaited economic data. Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut, stated, “People are unsure about what this week holds, especially regarding earnings. Read More…
Overview It has been a while since we looked at 6B futures. Just like most other currencies, they are gaining grown against the Dollar. Pound traders that went long at the start of the year are up while the bears are struggling. Technical analysis There is an ascending triangle forming on the daily chart. This Read More…
Currency futures diverged while the dollar rose on Friday after positive data confirmed rate hike expectations. S&P Global reported that the index of the US manufacturing and services sectors rose to 53.5 in April. It was the highest reading since last May, following a final reading of 52.3 in March. It conflicts with mounting evidence Read More…
Technical analysis NQ has begun a small consolidation move for the past few days. It appears the pullback may be in or the market could also be forming a flag at the moment. There are trade opportunities, but we need to be mindful that if we do go long in this market that the pullback Read More…
