On Thursday, gold prices rose as the US dollar weakened, but investors stayed on the sidelines due to holiday-thinned trading and uncertainty about the Federal Reserve’s rate path. However, gold was heading for a second consecutive weekly gain. Financial markets in the past week witnessed declining yields and a weakening US dollar, which favor an Read More…
Tag: Futures
OPEC+ Delays Production Cuts Meeting, Sending Oil Prices Down 1%
On Wednesday, oil prices dropped nearly 1% in a volatile session. OPEC+ unexpectedly postponed a meeting on production cuts from November 26 to November 30, fueling concerns about global crude supplies. The group, consisting of major producers like Saudi Arabia and Russia, was supposed to discuss the possibility of expanding oil output cuts into 2024. Prices Read More…
NASDAQ Futures (NQ) Eyeing New Records: Aiming for All-Time Highs
Introduction Today, we take a technical view of the NASDAQ 100 E-mini Futures (NQ) using both weekly and daily charts to identify critical price levels and trends. Equities are targeting all-time highs, and NQ is no different. Let’s see what the charts tell us and if we see all-time highs being hit by year’s end. Read More…
Cesar V. Withdraws Over $75K in 40 Days: The Success Story of a Funded Trader
Who is Cesar V. & His Journey with OneUp Trader Cesar V., a remarkable funded trader from Mexico, has achieved an extraordinary feat in his funded trading account. In under 40 days, Cesar withdrew a staggering $76,500 from his $250K funded trading account with OneUp Trader, and he’s currently managing over $50,000 in unrealized profits. Read More…
E-mini Dow Jones (YM) Futures: Levels and Trends
IntroductionThe E-mini Dow Jones (YM) Futures have been exhibiting a consolidation and breakout pattern, as observed in the weekly and daily charts. We must closely monitor these fluctuations to gauge the market’s course as we approach the end of the year. Do you think we will reach all-time highs in equities before year’s end? Let’s Read More…
Equities Soar on Nasdaq’s Impressive 1% Rally
On Monday, equities on Wall Street closed higher, with the Nasdaq leading the charge with a 1% rally, reaching its highest closing level since July 31. The S&P 500 also registered its highest close since Aug. 1. The Nasdaq rose because Microsoft hit a record high after hiring prominent artificial intelligence executives. Microsoft CEO Satya Read More…