Every trader seeks out other traders, yet most only find bad advice and shenanigans. Brandon Tristan is part of a world class team that works with groups of traders from around the world every day. This trading environment, XLT (Extended Learning Track), was designed to help traders share ideas, understand trading concepts and apply Online Trading Academy’s patented trading methodology in a live market environment all led by master instructors. Brandon shares some of his highlights before going onto analyze several listener questions regarding the currency market.
Editors’ Picks
EUR/USD stays below 1.0400 ahead of US inflation data
EUR/USD struggles to stage a rebound on Friday and continues to trade below 1.0400 following Wednesday's sharp decline that was caused by the Federal Reserve's hawkish tone. Investors await November PCE inflation data from the US.
GBP/USD touches fresh multi-month low below 1.2500
GBP/USD recovers to the 1.2500 area after touching its lowest level since May near 1.2470. The pair stays on the back foot after the Fed and the BoE policy announcements this week pointed to a potentially diverging policy outlook.
Japanese Yen clings to intraday gains; USD/JPY retreats further from multi-month peak
The Japanese Yen attracts some buyers after a stronger-than-expected Japan’s National CPI. A weaker risk tone and retreating US bond yields also lend support to the lower-yielding JPY. The Fed’s hawkish shift favors the USD and should act as a tailwind for the USD/JPY pair.
Editors’ Picks
EUR/USD stays below 1.0400 ahead of US inflation data
EUR/USD struggles to stage a rebound on Friday and continues to trade below 1.0400 following Wednesday's sharp decline that was caused by the Federal Reserve's hawkish tone. Investors await November PCE inflation data from the US.
GBP/USD touches fresh multi-month low below 1.2500
GBP/USD recovers to the 1.2500 area after touching its lowest level since May near 1.2470. The pair stays on the back foot after the Fed and the BoE policy announcements this week pointed to a potentially diverging policy outlook.
Gold price holds above $2,600 amid risk-off mood, retreating US bond yields and softer USD
Gold price maintains its bid tone through the first half of the European session on Friday amid the prevalent risk-off mood. Against the backdrop of persistent geopolitical risks and trade war fears, the threat of a US government shutdown drives some haven flows towards the bullion.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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