Introduction The S&P 500 E-mini futures (ES) remain in a well-defined upward channel, with prices consolidating just below the all-time high (ATH) of 6,154.75. Bulls have defended the lower channel support, and momentum remains strong as ES hovers near the high. As of today, ES is trading at 6,082.00, down -0.17%, but still above the Read More…
Equities ended higher on Monday after Trump announced new tariffs on steel and aluminum products, boosting the outlook for the US economy. Meanwhile, market participants were gearing up for Powell’s speech and the upcoming US inflation figures for clues on future monetary policy. On Sunday, Trump announced a 25% tariff on steel and aluminum imports Read More…
Currency futures eased on Friday amid concerns of trade wars after Trump announced more tariffs. However, some rebounded on Monday as market participants geared up for crucial US consumer inflation figures this week that will shape the outlook for Fed rate cuts. These two factors will continue shaping market movements this year. Trading survey (Source: Read More…
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…
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…
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…
