Dale J Pinkert
Independent Analyst
In the latest TradeGateHub Live Trading session, Coach suggests that the recent dollar bounce may be short-lived, potentially giving way to one more low before forming a bottom. He provides insights on USDCAD, along with an update on USDCNH, highlighting key developments. Additionally, TLT appears to be forming a possible Three Drives to a Bottom pattern. Among the broader market, semiconductors are showing some of the strongest chart setups, second only to miners.
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GBP/USD stays weak near 1.3300 after disappointing UK data
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Gold stabilizes above $3,000 after sharp decline on Trump's softer tone on trade and Fed
Gold stabilizes above $3,300 after correcting sharply from the all-time high it set et $3,500 early Tuesday. US President Donald Trump's softer tone on Fed Chairman Jerome Powell's position and trade relations with China seems to be discouraging buyers.
US S&P Global PMIs set to highlight worsening services and manufacturing sectors in April
Investors are bracing for a modest pullback in April’s flash Manufacturing PMI, expected to slip from 50.2 to 49.4, while the Services PMI is forecast to ease from 54.4 to 52.8.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
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