nasdaq futures
Technical Analysis

Double bottom on Nasdaq (NQ) futures give bulls upper hand

A double bottom on the daily chart is driving bullish sentiment. Different entries and targets we can aim for and why shorts trades should be ignored for now. How can we use a simple stochastic entry method in a shorter time frame. Technical Analysis Double Bottom: NQ made a bottom back in October of last year, Read More…

Technical Analysis

Euro futures (6E) move into support zone providing possible longs

Pullback gives rise to possible long trades. Fibonacci analysis, candlestick analysis, and two possible outcomes. A true story about a currency trader from Dubai. Technicals We have finally seen a decent sized pullback on the Euro futures as price has moved into a minor support zone. I called for such a move a few weeks Read More…

Fundamental Analysis

Market Sentiment Improves After Powell’s Less Hawkish Speech

Less aggressive than anticipated remarks from Fed Chair Powell that boosted sentiment. Powell stated that Friday’s surprise jobs report could mean more time in the fight against inflation. Markets are now pricing in a terminal Fed rate above 5% in June. Equities rose in late New York session on Tuesday while the dollar fell following Read More…

Technical Analysis

Pound futures target hit as double top in full swing

Analyzing the profitable short trade from last week. Recent developments on the daily chart point toward bearish weakness. A true story about a pound-trading cyborg. Recap on the double top progress Last week Tuesday, we looked at the double top formation on 6B futures, seeing the potential for a short trade that had a defined Read More…

Fundamental Analysis

Equities Correcting Higher After Monday’s Significant Declines

The RBA authorized a ninth straight rate increase of 25bps. Investors rushed to buy dollars at the expense of emerging market assets after the US jobs report. Markets expect the Fed’s target rate to increase to above 5.1%. Equity markets corrected higher after suffering significant losses over the previous 24 hours. The US dollar stayed Read More…