Dale J Pinkert
Independent Analyst
In today’s TradeGATEHub Live Trading session, Coach Dale discusses the DXY as it approaches a significant resistance level at $1.05, analyzing potential implications for traders. He also examines key levels in the GBPUSD and EURUSD, providing insights into their current trends. Additionally, Dale addresses the downward movement in precious metals and evaluates the recent performance of the Nasdaq 100. This session offers traders detailed analysis and strategic perspectives on a variety of crucial financial markets.
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EUR/USD stays under bearish pressure on Monday and falls toward 1.0800. The US Dollar preserves its strength at the beginning of the week and doesn't allow the pair to stage a rebound as markets adopt a cautious stance ahead of this week's key macroeconomic events.
GBP/USD stays below 1.2850 in cautious start to week
GBP/USD struggles to gain traction and trades in the red below 1.2850. Investors adopt a cautious stance ahead of the Federal Reserve's and the Bank of England's policy meetings this week, making it difficult for the pair to turn north.
Gold struggles to hold above $2,400
Gold started the week on a bullish note as markets reacted to escalating tensions in the Middle East. After rising above $2,400, however, XAU/USD retreated below this level, pressured by the renewed US Dollar strength ahead of this week's critical events.
Ripple update: What to expect from XRP and Ripple lawsuit this week
Ripple (XRP) extended gains by nearly 2% early on Sunday. XRP sustained above the psychological price level of $0.60 amidst the optimism of Donald Trump’s speech at the Bitcoin conference, and BTC’s recent gains.
Seven fundamentals for the week: Fed, NFP, geopolitics and lots of data promise an explosive week Premium
Time for a summer holiday? Not yet, as this week promises to be super hot in financial markets. Three central bank decisions and US jobs data – which is growing in importance as inflation fades – provide a jam-packed schedule.