Recap The last time we looked at ZB was back on August 31. Price had dropped down into a support zone and bounced with a surge in volume. Read the full article here before we move on to this week’s analysis. Technical Analysis ZB is currently trading within the support zone mentioned above. This has Read More…
On Monday, US equities rose, and the dollar retreated as investors awaited Wednesday’s inflation data. The technology-heavy Nasdaq led the US equities rally, gaining 1.1%. Gains in Tesla Inc. and Amazon.com boosted the market the most. The S&P 500 and the Dow also increased, with gains of 0.7% and 0.3%, respectively. The session seemed calm Read More…
Introduction The S&P 500, like most indices has been surging this year with ES only 6% away from all-time-highs. The trend remains in an upward momentum and there are almost no bearish signals at the moment. Let us look at the technicals to get a better picture of where the opportunities lie and what we Read More…
Currency futures ended lower last week as the dollar index continued its winning streak for an eighth consecutive week. Bloomberg dollar index (Source: Bloomberg) This streak, the longest since 2014, came after recent data indicated the resilience of the US economy. The DXY remained almost unchanged at 105.08 for the day. Strong US economic data Read More…
Recap The last time we looked at YM was almost a month ago when we watched price break out of an ascending triangle. It has been a rocky road for YM traders as the breakout did not last, and a retracement to the triangle has occurred. There may be opportunities arising as we speak, though, Read More…
When it comes to managing risk in trading, it is essential to understand how to do it effectively. Whether you’re a seasoned trader or just starting your journey into the financial markets, understanding the importance of managing risk is essential to safeguarding your capital and achieving long-term success. This guide will explore why risk management Read More…
