After the volatility witnessed in the S&P 500 on Thursday, the expectation would be for Friday to trade inside the range of Thursday. Without new fresh fundamentals, a neutral close on Friday would be a logical way to finish out this week.
The price of oil reached 81 dollars per barrel WTI crude oil has been playing around $80 for the past two weeks, and the sell-off earlier this week suggests it may not reach $80. But curbs in the U.S. this week finally managed to push oil to its highest level since early November. WTI crude oil price increased by $1.64 to $81.35 today in the second day of price...
The perceptions of the fundamentals on Thursday could provide the incentive for buyers to continue pushing the S&P 500 to higher levels. The perceptions I'm talking about would be the markets point of view of future Fed interest-rate action.
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Metals, gold, silver and copper, shone today in the form of a rally gold After the last US 30-year auction, it added $2 to a $20 gain to reach $2,177 on the day. This figure is about $16 less than last week's record high. Copper and silver Looking to join the gold market. Copper today rose 3.1% to above $4 for the first time in seven months. Chinese smelters...
Hey Traders, In this weeks review we look at the most recent CPI data reports and the effects, but also the opportunities it offers. The pairs that we will be looking at in this review is: 1. DXY 2. GBPUSD 3. USDJPY touching lightly on instruments such as gold etc. So be sure to check it out because there are some awesome opportunities lining up.
WTI Crude Oil Technical Analysis Crude oil maintains its bearish trend after weaker US data beat. what next Crude oil continues to decline for now amid weaker US data and a break above the $80 level. On the supply side, nothing has changed as tensions in the Red Sea remain and OPEC+'s extension of voluntary production cuts into the second quarter did not boost...
The rally on Tuesday supported by buyers coming into the S&P 500 futures market indicates moment and picking up to the upside. The challenge now is can that buying paper continue this momentum. I think you can but I would not look for a big day up on Wednesday.
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Hello Traders, another Scalping Review video analysis! 8 Trades today (4/8 or 50% Win rate on the day). I traded 2 different setups today. - Fakeout Against the Trend (2 Trades ) and - Fakeout with the Trend (6 trades) .. I earned more today trading the latter.. typically, trading with the trend is not a bad idea and my results showed that today :) . Although,...
Hello Traders welcome back to another Top-Down Analysis of EurUsd. Today was CPI Inflation day and the market is about Break Even after the Day's trading. At One point EurUsd had depreciated in favor of the USD by about +.21% but we have since retraced .. possibly from profit taking and normal market movements. 0:0 Monthly Timeframe 1:51 Weekly timeframe 2:35...
We are no longer respecting our strong buying continuation algorithms and therefore that tells me we will have a tougher time making new all time highs without further liquidity being built. Keep an eye out for a rejection of the bottom of these stronger daily algos as price attempts (with this bullish CPI data) to reenter them. Happy Trading :)
The structure in the S&P 500 futures market with Friday and Monday's action is neutral as the market waits for the CPI number coming out on Tuesday. The overall bias for this market is still to the upside. It will be interesting to see can buyers follow through.
Technical analysis of gold Last Friday, gold extended its rally to a new high as the US NFP report, despite a disappointing headline number, again showed some under-the-table weakness. Indeed, the unemployment rate jumped to the highest level in two years, and the household survey showed job losses for the third month in a row. In addition, average hourly...
ES/SP500/US100 Hello Traders, Welcome back to another market breakdown. Today, I've got an exciting video for you as I dive into the current state of the S&P 500 and explore various strategies based on different market scenarios. Whether you're an experienced investor or just getting started, this video will help you better understand how to navigate the dynamic...
The selling action in the S&P 500 on Friday could imply buyers taking profits before the weekend. The expected price action on Monday would be for the S&P 500 to trade inside Friday's range as the market gets ready for additional fundamentals coming out next week.
Hello Traders! Today we were fortunate enough to have the ShrewdCatFx Illustrator make an appearance on the Air. Yes, it is that time of the month for NFP data! 0:0 Special Guest & Monthly Timeframe/NFP Expectations 2:32 Weekly Timeframe 3:43 Daily Timeframe 6:20 4Hr timeframe 8:27 1Hr Timeframe Numbers are expected to decrease over the prior period but growth is...
Will the S&P 500 demonstrate confidence with a positive close above Thursday's high as we go into the weekend. The expectation is for a higher close on Friday.