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.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
AUD/USD buyers stay directed toward 0.6800 after China's inflation data
AUD/USD extends gains toward 0.6800 in the Asian session on Monday, recovering from a three-week low touched on Friday. The pair holds higher ground, undeterred by the softer-than-expected China's inflation data amid a pause in the US Dollar recovery and risk reset.
USD/JPY clings to recovery gains below 143.00
USD/JPY is holding recovery gains below 143.00, positively kicking off the new week. Friday's late US Dollar rebound and Japan's Q2 GDP downward revision support the pair, though the divergent BoJ-Fed policy expectations should cap its upside. All eyes remain on US CPI data due later this week.
Gold price consolidates below $2,500 mark, bullish potential seems intact
Gold price stalls the post-NFP retracement slide from the vicinity of the all-time peak. Reduced bets for a larger rate cut by the Fed underpin the USD and act as a headwind. Worries about the US economic slowdown and geopolitical risks continue to offer support.
Week ahead: ECB poised to cut again, US CPI to get final say on size of Fed cut
ECB is expected to ease again, but will it be another ‘hawkish cut’? US CPI report will be the last inflation update before September FOMC. UK monthly data flurry begins with employment and GDP numbers.
Aptos, Stark, XAI, Render prepare for $111 million cliff unlocks this week
The crypto market is set to witness cliff unlocks totaling $111 million next week. Aptos and Starknet will see the highest volume, with new tokens entering circulation worth $64 million and $25 million, respectively.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.