Introduction Gold futures have extended their upward momentum following last week’s gap-up breakout. The metal’s price action has confirmed a symmetrical triangle breakout, with prices surging past the ATH. Technical outlook Gap-Up & triangle breakout confirm strength Gold’s breakout from the symmetrical triangle pattern last week triggered a strong continuation rally. The initial breakout was Read More…
Tag: Futures
Interest Futures Stay Elevated After Trump’s Tariff Pause
Interest futures held near recent peaks as Treasury yields collapsed after Trump paused tariffs on Canada and Mexico. The pause also came as market participants eagerly awaited the US nonfarm payrolls report for insight into the Fed’s policy path. US 10-year Treasury yields (Source: Bloomberg) Interest futures have risen since Tuesday when Trump paused expected Read More…
Japanese Yen futures attempt a rebound amid Dollar strength
Introduction Japanese Yen Futures (6J) are trading at 0.006584, up slightly in recent sessions after bouncing from multi-month lows. The break above the 50-day SMA (0.0064998) and a test of the 200-day SMA (0.0065950) call on bulls to continue the buying pressure to push prices back to 0.00718. However, the broader trend remains bearish as Read More…
Crude Oil Prices Tumble on Weak Demand Signals
Oil prices collapsed on Wednesday after data revealed an unexpected surge in US crude oil inventories, pointing to weak demand. At the same time, concerns about a trade war between China and the US put downward pressure on prices. Data on Wednesday revealed that US crude inventories rose by 8.664 million barrels last week. Meanwhile, Read More…
New Pricing: Pay 50% Less to Start Your Evaluation
Introduction Are you ready to prove your skills but hesitant about the upfront cost? We’ve just made it easier than ever to start your funded trading journey. With our new pricing model, you can now start your evaluation by paying only 50% of the evaluation fee upfront—and the other 50% only if you pass! This Read More…
Gold Shines as Trade War Fears Drive Safe-Haven Demand
Gold prices extended gains on Wednesday as investors scrambled for safety in the yellow metal amid fears of a trade war between the US and China. Meanwhile, data in the previous session revealed some weakness in the US labor market, putting pressure on the Fed to cut rates. However, market participants are more focused on Read More…