Equities hit record highs on Monday, fueled by optimism for the Q2 US earnings season. Market participants are less concerned about tariffs due to strong consumer spending data. Still, uncertainty about tariffs remains a concern as the new August 1 deadline nears. The second quarter earnings season has started, and traders are looking forward to Read More…
Recap from Last Update In our July 10th article, we highlighted the $67–$69 resistance-turned-support zone as the key zone to be focused on. We also noted the looming Iran-Israel geopolitical risks, which created temporary volatility but failed to produce a lasting trend shift. Since then, CL has remained range-bound, and as of today, it’s pressing Read More…
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 Since joining OneUp Trader, Chee has withdrawn a total of $19,500 across multiple funded accounts, and most recently, $14,500 in a single account within just 9 trading days using nothing more than Read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…
