Markets regained their footing, stopping the significant slide from the second half of last week. Joann Farley, the glue that keeps the XLT program running smoothly, joins Merlin for a look at some of the stellar calls that have been happening in the live trading rooms and offer her thoughts on where she thinks they are headed. Later, Joann welcomes a new group of students to Online Trading Academy with a tour of some of the free resources available to everyone, as well as some of the tools available only to Online Trading Academy students.
Editors’ Picks
EUR/USD remains below 1.0500, traders await release of key US economic indicators
EUR/USD maintains its position after the recent losses registered in the previous session, trading around 1.0480 during the Asian hours on Wednesday. Traders await the US Personal Consumption Expenditure (PCE) Price Index and quarterly Gross Domestic Product Annualized scheduled to be released later in the North American session.
GBP/USD holds steady near the low end
GBP/USD churned chart paper just below 1.2600 on Tuesday, marking out familiar territory as the Pound Sterling struggles to find an intraday direction against the Greenback.
USD/JPY drops further toward 152.00, US data eyed
USD/JPY extends the drop toward 152.00 early Wednesday as Trump's tariff threats continue to drive haven flows into the Japanese Yen. Traders ignore doubts over the BoJ's future rate hikes, accelerating the USD/JPY downside ahead of US data.
Editors’ Picks
AUD/USD: Gains remain capped below 0.6500 after soft Australian CPI data
AUD/USD consolidates the latest uptick below 0.6500 in Wednesday's Asian trading, capitalizing on a modest optimism and a broad US Dollar weakness. The upside, however, remains capped by the softer Australian CPI inflation data for October. US data are next in focus.
USD/JPY drops further toward 152.00, US data eyed
USD/JPY extends the drop toward 152.00 early Wednesday as Trump's tariff threats continue to drive haven flows into the Japanese Yen. Traders ignore doubts over the BoJ's future rate hikes, accelerating the USD/JPY downside ahead of US data.
Gold: Bear Cross cautions XAU/USD buyers ahead of US inflation test
Gold price has found fresh demand, looking to extend the previous rebound toward $2,650 in Wednesday's Asian trading. The ongoing US Dollar weakness and sluggish US Treasury bond yields allow Gold price to gain traction amid a cautiously optimistic market mood. US data awaited for fresh impetus.
Ripple's XRP sees decline as realized profits reach record levels
Ripple's XRP is down 6% on Tuesday following record profit-taking among investors as its percentage of total supply in profit reached very high levels in the past week.
Eurozone PMI sounds the alarm about growth once more
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.
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