Introduction Hey traders, We’ve got some exciting news to share with you today! We’re always looking for ways to improve our funded trader program and make your experience a high-quality one, and we think this latest update will do just that. We have reduced the required trading days from 15 to only 10 to get Read More…
Introduction Price Action Overview (Past Four Weeks) Over the past few weeks, we see a strong uptrend with price action making higher highs and higher lows. This follows the standard theme this year for gold futures. The price is currently approaching the R1 pivot resistance level (2744.5), which could act as a short-term ceiling. This Read More…
Oil rebounded on Thursday due to an unexpected draw in crude inventories. However, prices ended near a two-week low on Wednesday as downward pressure from demand concerns and easing Middle East tensions persisted. China’s weak economic performance has led to a downgrade in the global oil outlook. Meanwhile, the calm between Israel and Iran has Read More…
Gold prices rose on Tuesday and Wednesday as a decline in Treasury yields increased demand for the non-yielding metal. Meanwhile, market participants awaited more data from the US on sales and jobless claims for clues on the Fed’s future policy moves. Gold (Source: Bloomberg) Treasury yields slipped after data revealed soft manufacturing activity in New Read More…
Equities ended higher on Monday as technology stocks rallied despite thin holiday trading. Risk sentiment improved on Friday after major banks reported positive earnings. Meanwhile, market participants are preparing for the crucial US retail sales report later this week. S&P 500 earnings estimates (Source: Bloomberg Intelligence) Despite poor estimates, the stock market rose as the Read More…
Currency futures ended nearly flat on Friday as the dollar paused after a set of mixed data barely changed the outlook for Fed rate cuts. Although consumer inflation jumped, producer prices missed forecasts. The dollar ralied last week before pausing on Friday. The rally came after consumer inflation figures beat forecasts. The CPI increased by Read More…
