Historic levels for the Nasdaq usher in a wave of skepticism amongst the hosts of Power Trading radio! Merlin and John offer their perspectives on what it means to have the market at these levels and what traders should be looking at. Listeners also ask questions on zero interest rates, market crashes, and inverse market Leaps.
Editors’ Picks
EUR/USD met support at the 200-day SMA
EUR/USD rose markedly on Thursday, surpassing the 1.0800 barrier after bottoming out near 1.0730, an area coincident with the critical 200-day SMA, all amid renewed loss of momentum in the US Dollar.
GBP/USD looks firm near 1.2950, Dollar retreats
The selling pressure on the Greenback motivates GBP/USD to regain upside traction, leave behind Wednesday's hiccup and refocus on the 1.2950 region and beyond on Thursday.
USD/JPY refreshes three-week high near 151.00 despite correction in US Dollar
USD/JPY jumps to near 151.00 as the Japanese Yen declines significantly. The US Dollar slumps after US President Trump announces 25% auto tariffs. Fed policymakers support keeping interest rates at their current levels until they get clarity over Trump’s policies.
Editors’ Picks
AUD/USD: Further gains look likely above 0.6400
AUD/USD reversed Wednesday’s decline and rose modestly on Thursday, managing to reclaim the area beyond 0.6300 the figure against the backdrop of fresh downside pressure in the Greenback.
EUR/USD met support at the 200-day SMA
EUR/USD rose markedly on Thursday, surpassing the 1.0800 barrier after bottoming out near 1.0730, an area coincident with the critical 200-day SMA, all amid renewed loss of momentum in the US Dollar.
Gold trades around $3,050, higher highs ahead
Relentless tariff jitters, coupled with renewed weakness in the US Dollar, have propelled gold prices back toward record territory—hovering just above $3,060 per troy ounce.
Bitcoin: Should you hold or have a trading system?
The term “HODL,” also known as “Diamond Hands” or “buy-and-hold (BNH),” first appeared in an online cryptocurrency forum in 2013 as a misspelling of the word “hold” — a typo that readers quickly adopted.
US: Trump's 'Liberation day' – What to expect?
Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.
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