On Monday, the Dow Jones Industrial Average led the upward trend on Wall Street, achieving its longest winning streak in six years. Investors showed confidence in various sectors, not just technology, amidst a week filled with earnings reports and a Federal Reserve meeting. They are eagerly anticipating the earnings of Microsoft, Google-owner Alphabet, and Meta Read More…
Currency futures fell on Friday as the dollar rose amid expectations of a Fed rate hike. The dollar recovered from its July lows in the last week. Dollar spot index (Source: Bloomberg) This week, central bank meetings will occur in the United States and Europe, with the Fed and the European Central Bank expected to Read More…
Intorduction Gold has been an exciting asset to watch in 2023 as there have been periods where it has followed the Dollar, which it generally should diverge from. The yellow metal was up 30% at a stage from its lows made in November of last year to the recent highs made in April, but there Read More…
Weekly chart Volume profile: The point of control for the volume profile, if we measure from the first trading day of the year up until now, is $72. This is the price at which the entire year had the most trading volume. It is likely to act as a magnet for price as it has Read More…
Introduction: NQ has shown remarkable resilience, surging 53% since its lows in October last year and currently hovering only 7% below its all-time high. With the 50-day moving average sloping upward and the Relative Strength Index (RSI) sitting at 60, bullish momentum is evident. Moreover, the Accumulation/Distribution Line (ADL) is at 1400, indicating increased buying Read More…
Trade Recap Last week we looked at a potential long trade in the Dow Jones futures as price was bouncing off the diagonal support line for the ascending triangle on the daily chart. The market has bounced powerfully since that analysis, with an excellent risk-reward ratio position playing out right now. Take a look at Read More…
