Dale J Pinkert
Independent Analyst
In the latest TradeGATEHub Live Trading session, Coach and Mike share their pre-Fed views. Coach discusses the correlation between yields and USDJPY, while Dale analyzes the ongoing weakness in precious metals. Mike provides updates on his option sweep-driven picks and highlights notable sector rotation.
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Editors’ Picks
EUR/USD ticks higher after discouraging US Retail Sales
EUR/USD keeps trading around the 1.0500 mark in the American session on Tuesday. A negative shift in risk sentiment revived the haven demand for the US Dollar earlier in the day, while tepid US Retail Sales figures put near-term pressure on the Greenback.
GBP/USD trims intraday gains and trades sub-1.2700
GBP/USD gave up early gains and trades pretty flat on the day. The data from the UK showed that the ILO Unemployment Rate held steady at 4.3% in the three months to October, while the annual wage inflation climbed to 5.2%. Poor US Retail Sales limit US Dollar demand.
Gold under pressure around $2,640
Following Monday's shallow recovery attempt, Gold remains under modest bearish pressure and trades below $2,650 on Tuesday. Growing expectations for a less dovish Fed outlook and elevated US bond yields weigh on XAU/USD ahead of the last FOMC meeting of the year.
BTC extends upside above $107K as Microstratergy and Riot expand Bitcoin holdings
Bitcoin (BTC) price trades in green, trading above $107,000 on Tuesday after reaching a record level of $107,793 the previous day. The recent rally in BTC is supported by corporations like MicroStragerty and Riot Platforms, which added more BTC to their holdings.
Will the Fed cut interest rates again and why is the dot plot important Premium
The Fed is expected to cut interest rates on Wednesday for the third consecutive meeting. Every time the Fed decides on rates, it is a crucial event as it directly affects families and businesses in the United States. Moreover, the Fed’s last meeting of the year will also be important because it will provide the outlook for what it expects to do in 2025.
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