Dale J Pinkert
Independent Analyst
In the latest TradeGATEHub Live Trading session, EURUSD holds the prior low at 1.0224. Dale discusses USDJPY nearing a trading high and provides updates on AUDUSD, noting that new lows are not confirming. He also covers gold and silver, highlighting their continued strength despite dollar strength.
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EUR/USD loses momentum to near 1.0300 ahead of Eurozone Retail Sales release
The EUR/USD pair trades in negative territory for the third consecutive day around 1.0310 during the early European session on Thursday. The downbeat German November Factory Orders and the expectation of aggressive rate cuts by the European Central Bank this year weigh on the Euro against the Greenback.
GBP/USD trades near 1.2350 after rebounding from nine-month lows
The GBP/USD pair remains under pressure for the third consecutive session, hovering near 1.2360 during Thursday's Asian trading hours. Technical analysis of the daily chart highlights a prevailing bearish bias, with the pair falling back to the descending channel pattern.
Gold price sticks to modest intraday losses amid bullish USD; downside seems limited
Gold price snaps a two-day winning to a multi-week top amid the Fed’s hawkish stance. Retreating US bond yields undermine the USD and lend some support to the XAU/USD pair. Traders look to Fed speakers for some impetus ahead of the US NFP report on Friday.
BNB poised for a decline on negative Funding Rate
BNB price hovers around $696.40 on Thursday after declining 4.58% in the previous two days. BNB’s momentum indicators hint for a further decline as its Relative Strength Index and Moving Average Convergence Divergence show bearish signals.
Bitcoin edges below $96,000, wiping over leveraged traders
Bitcoin's price continues to edge lower, trading below the $96,000 level on Wednesday after declining more than 5% the previous day. The recent price decline has triggered a wave of liquidations across the crypto market, resulting in $694.11 million in total liquidations in the last 24 hours.
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