US equities edged higher on Monday, buoyed by banking and industrial equities, as investors prepared for a busy week of corporate results. Federal Reserve officials’ remarks could also provide additional insight into the future direction of interest rates. Markets are assessing the state of corporate profits and the economy following several US banks’ impressive first-quarter Read More…
Quick recap We have followed the inverse head & shoulders in ES for some time now, and finally, we are approaching a strong bullish breakout. This gives us a few trade opportunities as long as we maintain strict risk management rules. The chart is bullish, I don’t see any play for the bears at the Read More…
On Friday, currency futures fell as the dollar recovered from a one-year low after some March retail sales figures were not as weak as some economists had anticipated. A top Federal Reserve official cautioned that the US central bank must raise rates to reduce inflation. The dollar recovered from an initial decline when statistics revealed Read More…
The trade We have a great example of why it is important to remain patient in trading and markets. The YM long trade from a few weeks ago has played out now, and the max profit target has been hit. I want to take this opportunity to explain why being patient in trading is so Read More…
On Thursday, gold rose when additional negative US data supported predictions of a pause in Fed rate hikes. There were also fears of a mild recession which sent investors scrambling for safe-haven assets. The dollar and Treasury yields fell after data revealed a slowing in the increase in producer prices last month and an increase Read More…
Recap The last time we looked at RTY, price was finding support around the $1,738 level. I mentioned that the bears would find it difficult to break below that level due to the strong bullish wicks that formed. From here, we have even more conviction that the correct direction is up from here because of Read More…
