Merlin Rothfeld
Online Trading Academy
John and Merlin break down the week’s biggest news headlines from the currency devaluation from China, to the sale of coal mines by Goldman Sachs. They also take a look at the decision by the EU to bail out Greece once again. How long will it last? Finally, commodities continue to be crushed providing potential buying opportunities for those ok with more Risk!
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Editors’ Picks
EUR/USD rises toward 1.1350 after finding support at near nine-day EMA
EUR/USD pauses its two-day decline, hovering near 1.1340 during Thursday’s Asian session. Daily chart technical analysis indicates a weakening bullish bias, as the pair has slipped below the ascending channel pattern.
GBP/USD gains traction above 1.3250 on fresh trade uncertainty
The GBP/USD pair gathers strength to near 1.3270, snapping the two-day losing streak during the early Asian session on Thursday. The US Dollar weakens against the Cable due to the uncertainty surrounding Trump’s trade policies.
USD/JPY holds losses below 143.00 ahead of US-Japan trade talks
USD/JPY trades below 143.00, holding its correction from over a one-week top set on Wednesday. Uncertainty over the US-Japan tariff plans and the divergent BoJ-Fed policy expectations continue to offer a double-whammy to the pair amid a fresh bout of US Dollar selling. The US-Japan trade talks eyed.
Editors’ Picks
AUD/USD drops to 0.6350 as markets turn cautious on trade uncertainty
AUD/USD is falling back toward 0.6350 in Thursday's Asian trading amid fading optimism over a quick resolution to the US-China trade dispute. Meanwhile, a renewed US Dollar selling on looming trade uncertainty, concerning US, China and Japan could limit the pair's downside.
USD/JPY holds losses below 143.00 ahead of US-Japan trade talks
USD/JPY trades below 143.00, holding its correction from over a one-week top set on Wednesday. Uncertainty over the US-Japan tariff plans and the divergent BoJ-Fed policy expectations continue to offer a double-whammy to the pair amid a fresh bout of US Dollar selling. The US-Japan trade talks eyed.
Gold looks to $3,400 and beyond on renewed trade jitters
Gold price rebounds from a weekly low of $3,260 early Thursday as buyers are back with vigour, although replicating the moves seen in Wednesday’s Asian session. Markets appear cautiously optimistic this Thursday as they take account of the trade talks by the US President Donald Trump’s administration, concerning China and Japan.
Ethereum ETF sees boost as bulls target descending channel resistance
Ethereum gained 2% on Wednesday after US spot Ether ETFs recorded their largest inflows since February 4. However, the top altcoin could face a correction after experiencing a rejection at its 50-day Simple Moving Average.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
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