Orlando Gutierrez
Learn 2 Trade
In today's daily watchlist we discuss the possible reversal in the DXY on a possible diagonal breakout. Fundamentally speaking we remain bearish on the USD and consider the last bullish run to be irrational and triggered by prospects of future rate hikes with the Fed keeping its inflationary round of QE at the same pace.
We go further to discuss our Gold longs and the possible new long entry that we are waiting for.
finally, we talk about the levels we are watching to add to our ETH longs on a massive short squeeze created by the mid-term bearish structure breakout.
Watch my daily watchlist to know what markets I'm watching for the day and the moves we are expecting.
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EUR/USD falls toward 1.1100 after EU inflation data
EUR/USD stays under bearish pressure and declines toward 1.1100 in the European session on Tuesday. The data from the Eurozone showed that the annual HICP inflation softened to 1.8% in September from 2.2%, weighing on the Euro.
GBP/USD extends losses below 1.3350 ahead of US ISM PMI
GBP/USD extends losses toward 1.3300 in the European trading hours on Tuesday. Fed Chair Powell's less dovish remarks and a cautious mood keep the US Dollar underpinned ahead of US ISM Manufacturing PMI, JOLTS Job Openings and Fedsepak.
Gold price sticks to modest intraday gains, remains below record peak touched last week
Gold price (XAU/USD) regains positive traction on Tuesday and for now, seems to have stalled a two-day-old corrective slide from the all-time peak touched last week.
Three reasons why SUI could continue its ongoing rally
Sui is extending its gains, trading at $1.9 at the start of the new month after a sharp rise last month. This bullish momentum could continue, driven by a new all-time high in Total Value Locked, rising open interest, and an uptick in daily active addresses.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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