With over 40 years of trading experience under his belt, President of Dohmen Capital Research, Bert Dohmen joins Merlin and John for a look at the current status of the markets. After creating a distinction between the market and the economy, Mr. Dohmen addresses several issues plaguing both and raising concern for another large correction in the near future. The trio talk about jobs, “Prelude to a Meltdown”, future market moves, FreedomFest and much more.
Editors’ Picks
EUR/USD stays below 1.0850 after recovery attempt
Following a bearish opening to the week, EUR/USD recovered toward 1.0850 but lost its momentum. Euro struggles to gather strength following the disappointing investor sentiment data and France's election gridlock, limiting the pair's upside.
GBP/USD steadies above 1.2800 as US Dollar struggles
GBP/USD keeps its range above 1.2800 in European trading on Monday. The US Dollar recovery stalls and offers some comfort to the pair. Traders, however, remain wary after the UK elections and ahead of Powell's testimony and US CPI data due later this week.
Japanese Yen loses ground as US Dollar appreciates due to risk-off mood
The Japanese Yen loses its daily gains as the US Dollar appreciates due to improved risk aversion. Japan's Current Account surplus increased to ¥2,849.9 billion ($17.78 billion) in May, extending its growth streak to the 15th month. Friday’s employment data prompt speculation that the Fed could initiate rate cuts sooner.
Editors’ Picks
EUR/USD stays below 1.0850 after recovery attempt
Following a bearish opening to the week, EUR/USD recovered toward 1.0850 but lost its momentum. Euro struggles to gather strength following the disappointing investor sentiment data and France's election gridlock, limiting the pair's upside.
GBP/USD steadies above 1.2800 as US Dollar struggles
GBP/USD keeps its range above 1.2800 in European trading on Monday. The US Dollar recovery stalls and offers some comfort to the pair. Traders, however, remain wary after the UK elections and ahead of Powell's testimony and US CPI data due later this week.
Gold trades in negative territory below $2,380
After posting impressive gains on Friday, Gold stays on the back foot and trades in negative territory below $2,380 on Monday. Reports of China's Central Bank pausing Gold purchases for the second straight month in June weighs on XAU/USD.
Chainlink update: Key on-chain indicators predict nearly 10% recovery in LINK
Chainlink on-chain metrics signal a recovery from the recent correction in LINK price. Supply on exchanges dropped nearly 3% in two weeks, likely reducing the selling pressure on Chainlink.
Five fundamentals for the week: Powell's powerful testimony, politics and inflation figures stand out Premium
How fast is the US economy slowing? That remains the question for investors, eager to see rate cuts – but fearful of recession. After Nonfarm Payrolls figures showed weakness on Friday, a response from the US central bank and inflation data is of interest.
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