Currency futures gained on Monday as the dollar paused last week’s rally, with market participants weighing the outlook for Fed rate cuts. Even the yen gained after Sunday’s election, which led to a loss of majority seats in the Upper House for the ruling party. Last week, most currency futures eased as the dollar gained. Read More…
Introduction In Milwaukee, Wisconsin, a 30-year-old banker named Chee has quietly pulled off what many overcomplicate: consistent profits using the simplest of strategies. Since joining OneUp Trader, Chee has withdrawn a total of $19,500 across multiple funded accounts, and most recently, $14,500 in a single account within just 9 trading days using nothing more than Read More…
Oil prices recovered from a three-session drop on Thursday as trade tensions eased and data revealed solid oil demand in the US. However, the risk of an escalation in trade tensions might keep prices subdued. At the same time, upbeat US CPI data eased expectations for a Fed rate cut, which in turn hurt prices. Read More…
Introduction Russell 2000 E-Mini Futures (RTY) are trading at 2,213.3, down slightly by -0.23% on the day. After a strong multi-week rally off the April lows, price has paused and is now pulling back from the 2,230s, testing the 200-day MA and previous minor resistance-turned-support near 2,212.7. Its a important level to watch to see Read More…
Gold prices rebounded on Wednesday as the dollar and Treasury yields paused their rally. Meanwhile, in the previous session, the yellow metal dropped after data revealed an acceleration in US price pressures. At the same time, gold has been subdued this week due to rising hopes for more trade deals. The dollar and Treasury yields Read More…
Equities edged higher on Monday as sentiment improved on hopes of more trade deals before the August 1 deadline. However, market participants remained cautious ahead of crucial US inflation data and the start of earnings season. S&P 500 (Source: Bloomberg) Equities have remained mostly resilient, hitting new highs despite Trump’s tariff threats. The impact of Read More…
