Dale J Pinkert
Independent Analyst
In today's TradeGATEHub Live Trading session, Coach discusses the implications of yesterday’s upside reversal and offers an update on the FX market’s response to the ECB cut. Meanwhile, Mike shares his latest trades, reviews Option Sweeps, and provides an update on his positions in miners.
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AUD/USD focuses on the 0.6800 hurdle
AUD/USD extended its bullish stance and rose to four-day highs north of the 0.6700 hurdle on Thursday, all in response to the marked offered stance in the US Dollar and strong sentiment in the risk-associated universe.
EUR/USD set sails to 1.1100 and beyond
EUR/USD finally left behind the recent multi-day retracement and managed to stage a strong rebound to the 1.1060-1.1065 band on the back of the intense resurgence of the downward trend in the Greenback.
Gold retains gains near fresh record highs
Gold maintains its bullish bias amidst the mild pullback in the Greenback and trades at a new record high at around $2,550. The data from the US showed that the annual producer inflation declined to 1.7% in August from 2.1% in July.
Ripple jumps after Grayscale launches XRP trust in the US
Ripple (XRP) rallied as much as 10% on Thursday following the announcement of a new vehicle for institutional investment. The altcoin corrected and has sustained 4% gains for now. Asset management giant Grayscale announced the creation of a single-asset investment fund for XRP.
European Central Bank widely expected to cut interest rates in September
The European Central Bank is expected to cut key rates by 25 bps at the September policy meeting. ECB President Christine Lagarde’s presser and updated economic forecasts will be closely scrutinized for fresh policy cues.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.