Interest futures rebounded from lows hit in the previous session after news that Trump had suspended tariffs on Canada and Mexico. Fears of the impact of trade wars had raised fears about a slowdown in US economic growth. Meanwhile, market participants were gearing up for the US nonfarm payrolls report and Powell’s speech for clues Read More…
Introduction The U.S. Dollar Index (DXY) experienced a sharp decline, dropping 3.54% to 103.76, breaking below a support zone held since November 2024. The sell-off was triggered by a combination of fundamental factors, including recent macroeconomic data, shifting Federal Reserve expectations, and a controversial interview with former President Donald Trump that may have influenced market Read More…
Oil prices steadied on Thursday after reaching fresh lows in the previous session due to demand worries. Data revealed an unexpected increase in crude inventories. At the same time, trade wars ignited by Trump’s tariffs dimmed the outlook for the global economy. On supply, traders worried about oversupply with OPEC+ increasing output starting in April. Read More…
Introduction Gold futures (GC) continue its bullish trend in an ascending channel on the weekly chart. However, on the daily timeframe, price action is consolidating, with mixed signals on whether a breakout or pullback is more likely in the short term. Gold Fundamentals Central Bank Policies & Interest Rates Inflation & Safe-Haven Demand Weekly Chart Read More…
Gold prices extended gains on Wednesday after rallying nearly 1% in the previous session amid trade war uncertainty. At the same time, the dollar weakened, making gold cheaper for foreign buyers. Meanwhile, market participants look forward to US employment figures for clues on future Fed rate cuts. Spot gold (Source: Bloomberg) On Tuesday, investors scrambled Read More…
Introduction Today, we’re excited to share the success story of Jay R., a funded trader from Boston, Massachusetts, who has withdrawn $10,750 through the OneUp Trader funded program. This 23-year-old trader has leveraged his exceptional pattern recognition skills to make some great withdrawals from the OneUp Trader funded trader program. Let’s dive into Jay’s trading Read More…
