Merlin Rothfeld
Online Trading Academy
Another waved of selling pummeled the markets today, causing several currencies to rally in to strong supply and demand zones. Online Trading Academy instructor, Alex Perna joins Merlin to talk about his evolution as a trader and share some of his bigger learning lessons. Alex and Merlin look at the weakness in the Dollar and opportunities in other currencies like the Pound, Yen, Canadian dollar, and much more!
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Editors’ Picks
EUR/USD: US Dollar corrects oversold conditions, tensions remain the same
The EUR/USD pair shed some ground in the week, but not before reaching a fresh multi-month high of 1.0954. It settled closer to the 1.0800 threshold, as the US Dollar ended up benefiting from the Federal Reserve monetary policy announcement.
GBP/USD breaks below 1.2900 on stronger Dollar
Persistent buying pressure on the Greenback has pushed GBP/USD to multi-day lows below the 1.2900 level, as investors continue to digest the recent interest rate decisions from both the Fed and the BoE.
USD/JPY trades with positive bias above the mid-149.00s; upside seems limited
USD/JPY climbs back above mid-149.00s during the Asian session on Monday amid a generally positive risk tone. The divergent BoJ-Fed policy expectations should help limit JPY losses and cap the pair amid the emergence of some USD selling. Traders now look forward to the release of flash global PMIs for a fresh impetus.
Editors’ Picks
AUD/USD gains momentum above 0.6250 on RBA’s cautious tone, China support
The AUD/USD pair gains momentum to near 0.6280 during the early Asian session on Monday. The Australian Dollar edges higher as the Reserve Bank of Australia keeps interest rates high and the Australian economy benefits from expected Chinese stimulus.
USD/JPY trades with positive bias above the mid-149.00s; upside seems limited
USD/JPY climbs back above mid-149.00s during the Asian session on Monday amid a generally positive risk tone. The divergent BoJ-Fed policy expectations should help limit JPY losses and cap the pair amid the emergence of some USD selling. Traders now look forward to the release of flash global PMIs for a fresh impetus.
Gold: Bulls take a break after notching a new record high
Gold benefitted from escalating geopolitical tensions and climbed to a new record high above $3,050. The Fed’s cautious outlook on policy easing caused XAU/USD to correct lower. The technical outlook suggests that the bullish bias remains intact in the short term.
Week ahead: Flash PMIs, US and UK inflation eyed as tariff war rumbles on
US PCE inflation up next, but will consumption data matter more? UK budget and CPI in focus after hawkish BoE decision. Euro turns to flash PMIs for bounce as rally runs out of steam. Inflation numbers out of Tokyo and Australia also on the agenda.
Week ahead – Flash PMIs, US and UK inflation eyed as tariff war rumbles on
US PCE inflation up next, but will consumption data matter more? UK budget and CPI in focus after hawkish BoE decision. Euro turns to flash PMIs for bounce as rally runs out of steam. Inflation numbers out of Tokyo and Australia also on the agenda.
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