Equities ended at record closes on Monday due to increased bets for a December Fed rate cut. Meanwhile, there was anticipation ahead of crucial US data and Fed policymaker remarks. Notably, stocks ended November in the green due to the Trump trade. Some of this optimism might spill into December. S&P 500 index (Source: Bloomberg) Read More…
Chart OverviewBuilding on the November 13 analysis, the S&P 500 E-mini Futures (ES) continues its bullish trajectory, maintaining strength post-Trump’s presidential victory. The updated chart shows the rally firmly intact, with the target at 6,250 drawing closer. Let’s analyze what’s next for price action based on current conditions and future prospects. Key Developments Since November Read More…
Currency futures extended Friday’s move when the dollar ended the week down amid the US Thanksgiving holiday. At the same time, the greenback was weak as market participants geared up for key US economic reports. The dollar had a bearish week as market focus shifted from Trump’s win to the looming Fed policy meeting. However, Read More…
Introduction At OneUp Trader, we love celebrating the achievements of our traders. Today, we’re excited to share the story of a seasoned futures trader from Florida who has mastered the art of retracement trading with OneUp Trader’s funded program. In just 42 days, he withdrew $9,100 from his funded account, bringing his total withdrawals to Read More…
Interest futures had a strong rally this week as the Trump trade faded and data solidified bets for a December Fed rate cut. Meanwhile, Treasury yields and the US dollar eased from their peaks amid thin holiday trading on Thursday and Friday. The dollar and Treasury yields have rallied in November after Trump won the Read More…
Oil prices held flat on Thursday as the US observed the Thanksgiving holiday. Moreover, US crude and gasoline inventories data in the previous session revealed a mixed picture of demand. Data on Wednesday revealed that US gasoline inventories increased by 3.3 million barrels. Meanwhile, economists had expected a 46,000 barrel draw. At the same time, Read More…
