Dale J Pinkert
Independent Analyst
In today's TradeGATEHub Live Trading session, Coach Dale focuses on identifying stocks that are holding up well and leading in today's market. He provides updates on the AUDUSD and USDCAD currency pairs, discussing current movements and trends. Additionally, Dale turns to Michael Venezia for insights into today's trading activities, particularly inquiring about Michael's actions with his long VIX position. This session is designed to give traders a comprehensive view of the market, spotlighting key stocks and strategic trading decisions.
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AUD/USD regains 0.6500 helped by the RBA
AUD/USD rapidly left behind Monday’s yearly lows and managed to regain the 0.6500 hurdle and above as investors assessed another hawkish hold by the RBA at its meeting on Tuesday.
EUR/USD retreats from recent tops and refocuses on 1.0900
The renewed buying pressure in the Greenback weighed on the risk-linked assets, prompting EUR/USD to leave behind part of the recent two-day strong rebound and shift its attention to the 1.0900 region.
Gold loses traction, drops below $2,400 as US yields rebound
After fluctuating in a tight channel near $2,410, Gold reverses its direction and trades below $2,400. The recovery seen in the US Treasury bond yields following Monday's sharp decline doesn't allow XAU/USD to gain traction in the second half of the day.
Ripple sends key invite to researchers, pushes XRP 4% higher post massive sell-off
Ripple (XRP) suffered a steep correction in the crypto market carnage on Monday. XRP slipped to a $0.4300 low, its lowest level since mid-July, on August 5. But the altcoin has rallied 4% on Tuesday, erasing recent losses.
A pause for the cause
The Dollar selling ends on Monday and Monday night. Emergency rate cut? no way, Jose! Good Day.. And a Tom Teriffic Tuesday to you! My poor beloved Cardinals... They can't stand prosperity, and they continue to choose which games they will hit the ball.