Dale J Pinkert
Independent Analyst
In today’s TradeGATEHub Live Trading session, the anticipation around the Federal Reserve’s next move has Coach Dale on the edge of his seat, while Michael Venezia remains unfazed by the central bank’s decisions. Dale examines the DXY, which is currently rebounding from critical support, and he provides an update on the breakout in natural gas markets. On the other hand, Mike shares insights from his trading activities today, including detailed coverage of option sweeps, particularly highlighting activity in gold miner BTG. This session offers a dynamic perspective on how different traders approach market signals and central bank announcements.
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AUD/USD managed well to maintain its positive bias on Tuesday despite the decent recovery in the Greenback as market participants largely anticipated the start of the Fed’s easing cycle on Wednesday.
EUR/USD keeps its bullish stance unchanged
Despite Tuesday’s corrective decline, EUR/USD remained poised to extend its upside impulse in the short term, as investors continued to expect the Fed to reduce its interest rates by 50 bps at its September 18 meeting.
Gold under mild pressure near $2,560
Gold stays under modest bearish pressure on Tuesday and trades below $2,580. The benchmark 10-year US Treasury bond yield holds steady above 3.6% ahead of the Fed's policy announcements on Wednesday, making it difficult for XAU/USD to gather bullish momentum.
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Ripple (XRP) holds steady above $0.5800, an important support level for the asset on Tuesday. The altcoin gears up for recovery likely in response to positive developments in the project. XRP trades at $0.5860 at the time of writing.
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