Dale J Pinkert
Independent Analyst
In today's TradeGATEHub Live Trading session, Michael Venezia explains why he remains indifferent to Federal Reserve decisions and recent CPI and PPI data. Meanwhile, Coach Dale provides an update on the current FX market direction following these latest economic releases. Despite a recent pushback from Fed Chair Powell, the Treasury ETF (TLT) remains buoyant. Additionally, Mike delves into the role of option sweeps in today's trading strategies, offering insights into how these maneuvers are shaping market positioning
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AUD/USD stands tall just below its highest level since January touched on Wednesday
The AUD/USD pair holds above the 0.6700 mark during the Asian session on Thursday. The Australian Dollar continues to draw support from the upbeat domestic Retail Sales data released on Wednesday, which strengthened the case for a rate hike by the Reserve Bank of Australia.
EUR/USD lurches higher after US data dumps Greenback
EUR/USD found a leg up on Wednesday, climbing briefly above the 1.0800 handle after a broad miss in US economic figures hinted at further signs of a weakening US economy, sparking fresh hopes for an accelerated pace of rate cuts from the Federal Reserve and markets flowing out of the safe haven US Dollar.
Gold price remains supported by rising September Fed rate cut bets
Gold price oscillates in a narrow band during the Asian session on Thursday. The softer US economic data released on Wednesday pointed to a slowing labor market and economic momentum, which lifted bets for an interest rate cut by the Federal Reserve in September.
What to expect from altcoins as ETH ETF approval draws closer
As the crypto market continues consolidating on Wednesday, altcoins show mixed signals ahead of the spot ETH ETF launch. Many have predicted that the alt season may not occur in this cycle following the market lull. However, two key metrics suggest otherwise.
Could the post-UK elections market moves resemble 1997 and 2010?
Thursday's UK elections expected to bring political change. Similar developments in both 1997 and 2010 weighed on the Pound. History points to a significant easing in Pound volatility across the board. Recent FTSE 100 performance matches the 2015 pre-election moves.