CL futures suffer worst day in two years Crude oil markets experienced their steepest single-day decline in nearly two years on Monday, with WTI crude plunging over 6% to settle at $67.38 per barrel. The sharp selloff came as traders unwound risk premiums built up in anticipation of potential disruptions to Iranian oil facilities, which Read More…
Bitcoin Bulls Buy Back Bitcoin has maintained its position as the leading cryptocurrency in 2024, building on the momentum generated by the historic approval of spot Bitcoin ETFs in January. The digital asset, which started the year trading around $45,000, has rallied 58% since January. Wall Street’s traditional finance giants, including BlackRock and Fidelity, have Read More…
Currency futures extended declines as the dollar ended another week with gains due to upbeat data and increased bets for a Trump win. At the same time, downbeat economic data from countries like Japan and Canada weakened their currencies. The greenback had another strong week as economic data showed a resilient economy. Last week, data Read More…
Introduction Today, we’re excited to share the story of Furkan, a funded trader from Germany, who recently made an impressive $24,700 in withdrawals after just eight days of trading! Furkan trades a scalping strategy, which we will explore in more detail later, but for now, let’s learn more about this talented trader and his journey Read More…
Interest futures rose on Thursday and Friday as Treasury yields dropped despite upbeat US economic data. Nevertheless, prices remained near recent lows and will likely end the week down due to a shifting Fed rate cut outlook and the looming US presidential election. 10-year US Treasury yield (Source: Bloomberg) Data on Thursday showed that the Read More…
Oil prices rose 1% on Thursday, recovering from the 1% loss in the previous session. The rally came as Middle East tensions escalated. Meanwhile, the decline on Wednesday came after a bigger-than-expected increase in crude oil inventories. The conflict between Israel and Hezbollah heated up on Thursday, raising fears of a broader war that would Read More…
