Merlin wraps up an eventful trading week with a look at 6 stages of trader development. This is in response to a listener from NYC who has been struggling for the past 6 months. Merlin shares his trading evolution steps and outlines what traders can expect along the way to success. He also takes a look at the broad markets as well as Ford and Microsoft.
Editors’ Picks
EUR/USD soars past 1.1200 as China's tariffs confirmed at 145%
EUR/USD soared beyond 1.1200 amid headlines confirming the latest round of tariffs, levies on Chinese imports reached 145%. Wall Street collapses amid renewed concerns that Trump's policies will hit the American economy. Soft US inflation data released earlier in the day adds to the broad US Dollar's weakness.
GBP/USD retreats from daily highs, holds above 1.2900
GBP/USD retreats from the daily high it set near 1.2950 but manages to stay in positive territory above 1.2900. The US Dollar stays under strong selling pressure following the weaker-than-expected Consumer Price Index (CPI) data but the risk-averse market atmosphere limits the pair's upside.
USD/JPY tumbles below 147.00, awaits US CPI for fresh impetus
USD/JPY has come under intense selling presure and drops below 147.00 in the Asian session on Thursday. The US-China trade war escalation and the divergent BoJ-Fed policy expectations underpin the Japanese Yen and weigh heavily on the pair amid a renewed US Dollar downtick. US CPI awaited.
Editors’ Picks
EUR/USD soars past 1.1200 as China's tariffs confirmed at 145%
EUR/USD soared beyond 1.1200 amid headlines confirming the latest round of tariffs, levies on Chinese imports reached 145%. Wall Street collapses amid renewed concerns that Trump's policies will hit the American economy. Soft US inflation data released earlier in the day adds to the broad US Dollar's weakness.
GBP/USD retreats from daily highs, holds above 1.2900
GBP/USD retreats from the daily high it set near 1.2950 but manages to stay in positive territory above 1.2900. The US Dollar stays under strong selling pressure following the weaker-than-expected Consumer Price Index (CPI) data but the risk-averse market atmosphere limits the pair's upside.
Gold climbs to five-day highs around $3,150
Gold now accelerates its upside momentum and advances to multi-day peaks around the $3,150 mark per troy ounce, remaining within a touching distance of the record-high it set last week. The persistent selling pressure surrounding the US Dollar and the negative shift seen in risk mood help XAU/USD push higher.
Cardano stabilizes near $0.62 after Trump’s 90-day tariff pause-led surge
Cardano stabilizes around $0.62 on Thursday after a sharp recovery the previous day, triggered by US Donald Trump’s decision to pause tariffs for 90 days except for China and other countries that had retaliated against the reciprocal tariffs announced on April 2.
Trump’s tariff pause sparks rally – What comes next?
Markets staged a dramatic reversal Wednesday, led by a 12% surge in the Nasdaq and strong gains across major indices, following President Trump’s unexpected decision to pause tariff escalation for non-retaliating trade partners.
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