Dale J Pinkert
Independent Analyst
In today’s TradeGATEHub Live Trading session, Coach Dale discusses the EURUSD as it breaks the neckline of a head and shoulders top, detailing the implications of this structural shift. He also explores potential long entry points for the AUDUSD following its recent movements. Additionally, after observing yesterday's rally in equity markets, Dale examines the lack of follow-through and what it might mean for traders moving forward. This session provides critical insights into currency and stock market dynamics.
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EUR/USD retreats to 1.0850 area as mood sours
EUR/USD stays under bearish pressure and trades deep in negative territory near 1.0850 on Tuesday. The US Dollar benefits from safe haven flows and weighs on the pair as investors adopt a cautious stance ahead of this week's key earnings reports and data releases.
GBP/USD closes in on 1.2900 on US Dollar recovery
GBP/USD is on the defensive toward 1.2900, struggling to find a foothold on Tuesday. The US Dollar holds steady following Monday's pullback amid a negative shift seen in risk sentiment, not allowing the pair to regain its traction.
Gold recovers above $2,400 as US yields retreat
Gold stages a rebound and trades above $2,400 on Tuesday after closing the fourth consecutive trading day in negative territory on Monday. The pullback seen in US Treasury bond yields help XAU/USD cling to modest daily gains despite the US Dollar's resilience.
Bitcoin price struggles around $67,000 as US Government transfers, Mt. Gox funds movement weigh
Bitcoin struggles around the $67,000 mark and declines by 1.7% at the time of writing on Tuesday at around $66,350. BTC spot ETFs saw significant inflows of $530.20 million on Monday.
Big tech rebound ahead of earnings, Oil slips
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Tesla and Google are due to report earnings today after the bell, and their results could shift the wind in either direction. Despite almost doubling its stock price between April and July, Tesla sees appetite for its cars and its market share under pressure.