Coming off a whirlwind teaching tour, Master trader Russ Allen sits down with Merlin to talk about the new technology which allows him to teach traders online while watching each of their trading screens. This allows him to correct mistakes, and show proper trading techniques to traders who are in the comfort of their own homes, around the world. Later, Russ handles a couple listener questions about Implied volatility, and shows a couple tools to measure it. More importantly, he shares with listeners what IV means to a professional trader and why we should pay special attention to it. Merlin and Russ also discusses his upcoming Hour with the Pros, where he will be covering OCO and Bracket orders.
Editors’ Picks
EUR/USD holds above 1.0450 after German sentiment data
EUR/USD stays in positive territory above 1.0450 after retracing a portion of its bullish opening gap. The data from Germany showed that the IFO - Current Assessment Index declined to 84.3 in November from 85.7, while the Expectations Index edged lower to 87.2 from 87.3.
GBP/USD pulls back toward 1.2550 as US Dollar sell-off pauses
GBP/USD is falling back toward 1.2550 in the European session on Monday after opening with a bullish gap at the start of a new week. A pause in the US Dollar decline alongside the US Treasury bond yields weighs down on the pair. Speeches from BoE policymakers are eyed.
Japanese Yen refreshes daily low against USD; seems vulnerable amid BoJ uncertainty
The Japanese Yen meets with a fresh supply following an intraday uptick against its American counterpart, pushing the USD/JPY pair closer to mid-154.00s, or a daily top heading into the European session on Monday.
Editors’ Picks
EUR/USD holds above 1.0450 after German sentiment data
EUR/USD stays in positive territory above 1.0450 after retracing a portion of its bullish opening gap. The data from Germany showed that the IFO - Current Assessment Index declined to 84.3 in November from 85.7, while the Expectations Index edged lower to 87.2 from 87.3.
GBP/USD pulls back toward 1.2550 as US Dollar sell-off pauses
GBP/USD is falling back toward 1.2550 in the European session on Monday after opening with a bullish gap at the start of a new week. A pause in the US Dollar decline alongside the US Treasury bond yields weighs down on the pair. Speeches from BoE policymakers are eyed.
Gold price manages to hold above $2,650 amid sliding US bond yields
Gold price maintains its heavily offered tone through the early European session on Monday, albeit manages to hold above the $2,650 level and defend the 100-period Simple Moving Average (SMA) on the 4-hour chart. Scott Bessent's nomination as US Treasury Secretary clears a major point of uncertainty for markets.
Bitcoin consolidates after a new all-time high of $99,500
Bitcoin remains strong above $97,700 after reaching a record high of $99,588. At the same time, Ethereum edges closer to breaking its weekly resistance, signaling potential gains. Ripple holds steady at a critical support level, hinting at continued upward momentum.
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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