GameStop is one of the most popular meme stocks that made headlines this year. It bounced from close to zero to over $400 in an epic short squeeze that generated billions in losses for hedge funds. The retail trading community acted in unison as it used the derivatives market to […]
Ripple has a hard time bouncing from the recent lows. The bearish pressure mounts on the cryptocurrency as it cannot break the series of lower highs while finding support at a horizontal area. Typically, such market behavior belongs to a descending triangle pattern, and a break lower should trigger more […]
Inflation runs hot in the United Kingdom as it exceeded all expectations for the month of May. Naturally, the GBP/USD pair bounced from the lows, but the technical picture remains weak several hours ahead of the Fed’s decision. The GBP/USD pair is one of the most volatile currency pairs part […]
The price of gold did not reflect the rise in prices of goods and services in the United States. Inflation in the last two months has grown at a pace not seen since three decades ago. However, the gold price, the traditional hedge against inflation, did not reflect it. Instead, […]
2021 brought one of the most interesting changes in financial markets, as the retail trader learned the power of the options market. The derivatives market is made out of futures, forwards, options, and swaps, with options giving traders the right but not the obligation to exercise the option at expiration. […]
Ethereum fell together with Bitcoin, and it traded below $2,000 in late May. Buying the dip on such aggressive weakness is not something for everyone, but so far, the dip hold. Moreover, the market forms a series of higher lows against horizontal resistance, suggesting a reversal pattern might be underway. […]
Crude oil price broke higher at the start of the month, and the bullish price action continues. The market kept pressuring against horizontal resistance and the measured move suggests $75 is just around the corner. Last week, the news that the US has lifted sanctions against some of the Iranian […]
The EUR/USD pair closed last Friday with a weak tone. It managed to push below the pre-NFP lows in a sharp reversal of the price action seen the entire week. With only two trading days ahead of the FOMC Statement and staff projections, the dollar shows some signs of life. […]
Bitcoin bounced over $5k in thin trading last Sunday, but the move higher did not trigger a similar market reaction from Ripple or other altcoins. The tight range continues, with key support at 0.80 and critical resistance at 1.00. The crypto community has seen a wave of selling recently, with […]
The ECB meeting failed to bring the much-awaited volatility in the euro pairs. The EUR/USD seen here traded in a very tight range for over a month now – about a hundred pips or so. Every attempt at the downside was met with heavy buying, and that is exactly what […]