Merlin Rothfeld
Online Trading Academy
Markets continued their bounce on Monday, racing toward all time highs… again! Master trader and instructor Jeff Manson joins Merlin to offer his thoughts on where the markets may be headed in the short term. Jeff uses cycles to offer suggestions on market direction, and the hinge on Tuesday’s trading action! Jeff also offers us some insight into his upcoming “Hour with the Pro’s” this Thursday.
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Editors’ Picks
EUR/USD trades with negative bias around 1.1730 amid recovering USD; downside seems limited
The EUR/USD pair kicks off the new week on a softer note, though it remains within striking distance of the highest level since early October, touched last Thursday. Spot prices currently trade around the 1.1730 region, down less than 0.10% for the day.
GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week
The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day.
USD/JPY extends losses below 155.50 amid Fed-BoJ monetary policy divergence
USD/JPY drops further below 155.50 in the Asian session on Monday. The pair remains offered as the Japanese Yen continues to draw support from the expectations of Fed-BoJ monetary policy divergence and a risk-off market profile. Fedspeak is next in focus.
Editors’ Picks
AUD/USD hovers around 0.6650, unfazed by poor China's activity data
AUD/USD is keeping its range around 0.6650 in Monday's Asian trading. little affected by downbeat China's activity data for November. The country's Retail Sales, Fixed Asset Investment and Industrial Production data came in below forecasts and refuelled economic growth concerns.
USD/JPY extends losses below 155.50 amid Fed-BoJ monetary policy divergence
USD/JPY drops further below 155.50 in the Asian session on Monday. The pair remains offered as the Japanese Yen continues to draw support from the expectations of Fed-BoJ monetary policy divergence and a risk-off market profile. Fedspeak is next in focus.
Gold regains traction toward $4,350 in the final full week of 2025
Gold price picks up bids once again toward $4,350 in Asian trading on Monday. The precious metal extends its upside to the highest since October 21 amid the prospect of interest rate cuts by the US Federal Reserve next year. The delayed US Nonfarm Payrolls report for October will be in the spotlight later on Tuesday.
Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground
Altcoins, including Dash, SPX6900, and Pudgy Penguins, are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.
Big week ends with big doubts
The S&P 500 continued to push higher yesterday as the US 2-year yield wavered around the 3.50% mark following a Federal Reserve (Fed) rate cut earlier this week that was ultimately perceived as not that hawkish after all. The cut is especially boosting the non-tech pockets of the market.
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