Every trader seeks out other traders, yet most only find bad advice and shenanigans. Brandon Tristan is part of a world class team that works with groups of traders from around the world every day. This trading environment, XLT (Extended Learning Track), was designed to help traders share ideas, understand trading concepts and apply Online Trading Academy’s patented trading methodology in a live market environment all led by master instructors. Brandon shares some of his highlights before going onto analyze several listener questions regarding the currency market.
Editors’ Picks
EUR/USD back towards 1.0400 after US inflation data
EUR/USD gathered recovery momentum and traded above 1.0400 after the US core PCE Price Index rose 0.1% on a monthly basis, below the market's expectation. The USD, however, quickly regained its poise, and EUR/USD struggles to retain near-term gains.
GBP/USD climbs to 1.2550 area on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and trades near 1.2550. The US Dollar struggles to find demand following the softer-than-forecast PCE inflation data, helping the pair edge higher heading into the weekend.
USD/JPY dips to test a previous top at 156.60 following hot Japanese inflation
The Yen trims some losses following higher than expected inflation levels in Japan. The hot inflation figures have increased hopes of a BoJ hike in January. Technically, the pair is correcting lower, after having reached strongly overbought levels.
Editors’ Picks
EUR/USD back towards 1.0400 after US inflation data
EUR/USD gathered recovery momentum and traded above 1.0400 after the US core PCE Price Index rose 0.1% on a monthly basis, below the market's expectation. The USD, however, quickly regained its poise, and EUR/USD struggles to retain near-term gains.
GBP/USD climbs to 1.2550 area on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and trades near 1.2550. The US Dollar struggles to find demand following the softer-than-forecast PCE inflation data, helping the pair edge higher heading into the weekend.
Gold price holds above $2,600 as US yields edge lower
Gold stays in positive territory above $2,600 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD hold its ground in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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