In today’s TradeGATEHub Live Trading session, Coach Dale examines the Bank of Japan’s response to a weaker CPI, discussing its implications on currency markets, especially focusing on key levels in the USDJPY. He also analyzes the trend break in the DXY and delves into the key reversal observed in the semiconductor sector and QQQ. This session offers a comprehensive look at critical technical developments and their potential impacts on global financial markets.

 

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GBP/USD loses its traction and declines to the 1.2500 area in the second half of the day on Monday. The US Dollar (USD) benefits from safe-haven flows and weighs on the pair as investors await US Consumer Confidence data for December.

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Gold drops below $2,620 as US bond yields edge higher

Gold drops below $2,620 as US bond yields edge higher

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Bitcoin hovers around $95,000 on Monday after losing the progress made during Friday’s relief rally. The largest cryptocurrency hit a new all-time high at $108,353 on Tuesday but this was followed by a steep correction after the US Fed signaled fewer interest-rate cuts than previously anticipated for 2025. 

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Bank of England stays on hold, but a dovish front is building

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