Dale J Pinkert
Independent Analyst
In today’s TradeGATEHub Live Trading session, Coach Dale discusses the current rally in the USDJPY, suggesting that the move to 1.52 represents a potential fading opportunity. He provides a detailed technical analysis of major currency pairs including EURUSD, GBPUSD, USDCAD, and AUDUSD, offering strategic insights into their movements. Additionally, Dale delves into the bearish scenarios for the S&P 500 (SPX) and NASDAQ 100 (NAS100), helping traders navigate the risks and opportunities in these indices.
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EUR/USD stabilizes above 1.0900 as markets turn cautious
EUR/USD continues to trade sideways above 1.0900 in the second half of the day Monday. The cautious market mood helps the US Dollar stay resilient against its peers and doesn't allow the pair to gain traction as investors keep a close eye on geopolitics.
GBP/USD fluctuates in tight range at around 1.2750
GBP/USD moves up and down in a narrow band near 1.2750 on Monday. Investors refrain from taking large positions ahead of the key inflation data from the UK and the US, making it difficult for the pair to find direction.
Gold aims to retest record highs near $2,500
Gold continues to edge higher toward $2,450 on Monday, building on the recovery that started in the second half of the previous week. Escalating geopolitical tensions and growing expectations of multiple Fed rate cuts later in the year help XAU/USD push higher.
Top 5 meme coins: Dogecoin, Shiba Inu, Pepe, Dogwifhat and Bonk extend losses
Meme coins erased 6% of their market capitalization in the last 24 hours, down to $40 billion per CoinGecko data. The shrinking market capitalization reflects the “fear” among crypto traders.
Calm before the inflation storm
The markets have seemingly caught their breath after the recent wild swings, with USD/JPY chilling around the 145.50-147.50 zone—a sweet spot we flagged last week that better mirrors the current rate differential landscape.