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Announcements

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Introduction Attention traders! OneUp Trader is running a limited-time promotion: 35% OFF on all regular evaluations. This is your chance to take advantage of our premium product at a fraction of the cost. You can redeem this code once per email, and you can get funded on up to three accounts at the same time! Read More…

Fundamental Analysis

US Equities Flat as Trump’s Tariff Policy Threatens Markets

The US equities gained on Monday amid optimism stemming from speculations about the Israel-Hammas ceasefire. However, the gains reversed and closed the day in negative territory. The US stocks stayed flat on Tuesday as investors went perplexed amid new tariff threats imposed by President-elect Donald Trump. Trump proposes 25% tariffs on imports from Canada and Read More…

gold technical analysis head and shoulders pattern
Technical Analysis

Gold Futures ($GC) Technical Analysis – November 25, 2024

Gold futures introduction Building on the November 7 analysis, where we discussed the potential Head and Shoulders (H&S) formation, today’s updated chart confirms resistance at $2,707.6, aligning with the Right Shoulder level. Gold remains in its ascending channel, but a breakdown of $2,542.3, the “Last Support,” would validate the H&S pattern, triggering a reversal with Read More…

Fundamental Analysis

Currency Futures Slip as Dollar Gains on Treasury Secretary Nomination

Most currency futures fell on Friday as the dollar rallied on upbeat business activity data. The trend continued on Monday as dollar bulls applauded Trump’s Treasury Secretary nomination. However, the Canadian dollar traded near a high hit on Friday after upbeat sales data.  Trump nominated Scott Bessent as the new Treasury Secretary. The dollar rose Read More…

Interest Futures
Fundamental Analysis

Interest Futures Struggle as Yields Rise on Upbeat Jobs Report

Interest futures fell on Thursday as the dollar, and Treasury yields rose on upbeat US employment data. However, by Friday, prices recovered as market participants awaited the US manufacturing and services PMI figures.  US jobless claims (Source: Labor Department) Data on Thursday revealed that US initial jobless claims fell from 219,000 to 213,000 last week. Read More…