Introduction Today, we have another amazing withdrawal and trader story to share with you: the inspiring story of Geoffrey, a registered nurse from the United States who has successfully balanced his full-time healthcare career with a funded trading account at OneUp Trader. In just six days, Geoffrey withdrew $13,000 from his funded account, with each Read More…
Interest futures rallied on Thursday and Friday as Treasury yields fell after the US central bank lowered rates by 25-bps. The rally came after a dip to new lows due to fears of higher inflation and interest rates with the new Trump administration. Treasury yields eased on Thursday as the Trump trade faded. Initially, yields Read More…
Oil prices fell on Wednesday and Thursday as traders digested the implications of a Trump presidency. At the same time, dollar strength has weighed on prices by making oil more expensive for foreign buyers. Meanwhile, market participants awaited the FOMC policy meeting, which is coming later on Thursday. Dollar vs Brent (Source: Bloomberg, ICE) Results Read More…
Chart OverviewToday’s analysis focuses on Gold Futures, trading on a daily timeframe. While the market maintains an overall bullish trend within a well-defined ascending channel, a potential head and shoulders pattern could be formed. There was a big red candle on the Trump victory, which was no surprise as investors looked for riskier investments instead of Read More…
Gold prices plunged to a three-week low on Wednesday after Trump won the US presidential election. Meanwhile, the US dollar surged to a four-month high, making gold more expensive for foreign buyers. However, the market focus has shifted to the upcoming US central bank policy meeting. Republican candidate Donald Trump won the election on Wednesday, Read More…
Equities eased on Monday after consolidating ahead of the US presidential election. The decline came as markets unwound the Trump trade in light of new polls which showed Kamala Harris in the lead. Meanwhile, market participants were also cautious before Thursday’s FOMC policy meeting. The US presidential election has introduced considerable uncertainty in the equities Read More…
