Merlin welcomes back master trader, Jasmine Wang for a look at how the XLT and MasterMind community has been going at Online Trading Academy. Jasmine points out some great recent trades made as well as what were the factors for making those trades. The duo also look at Oil, dollar index, and major market indexes.
Editors’ Picks
EUR/USD clings to strong gains above 1.1050 as US-China trade war deepens Premium
EUR/USD trades decisively higher on the day above 1.1050 on Wednesday as the US Dollar (USD) stays under persistent selling pressure on growing fears over a recession, as a result of the US trade war with China. Later in the American session, the Federal Reserve will release the minutes of the March policy meeting.
GBP/USD holds above 1.2800 on broad USD weakness
GBP/USD stays in positive territory above 1.2800 in the American session on Wednesday. After China's decision to respond to the US tariffs by imposing additional 84% tariffs on US goods, the US Dollar remains under pressure and helps the pair hold its ground ahead of FOMC Minutes.
Japanese Yen retreats slightly after retesting multi-month high against broadly weaker USD
The Japanese Yen sticks to strong intraday gains heading into the European session on Thursday and currently trades near the year-to-date peak against its American counterpart. Intensifying trade war and heightening global recession fears continue to weigh on investors' sentiment.
Editors’ Picks
EUR/USD clings to strong gains above 1.1050 as US-China trade war deepens Premium
EUR/USD trades decisively higher on the day above 1.1050 on Wednesday as the US Dollar (USD) stays under persistent selling pressure on growing fears over a recession, as a result of the US trade war with China. Later in the American session, the Federal Reserve will release the minutes of the March policy meeting.
GBP/USD holds above 1.2800 on broad USD weakness
GBP/USD stays in positive territory above 1.2800 in the American session on Wednesday. After China's decision to respond to the US tariffs by imposing additional 84% tariffs on US goods, the US Dollar remains under pressure and helps the pair hold its ground ahead of FOMC Minutes.
Gold extends rally to $3,050 area as safe-haven flows dominate markets
Gold preserves its bullish momentum and trades near $3,050 in the second half of the day. Further escalation in the trade conflict between the US and China force markets to remain risk-averse midweek, allowing the precious metal to capitalize on safe-haven flows.
Top 3 gainers NEO, Plume and Story: NEO surges despite Trump's tariff firestorm as investors succumb to extreme fear
Cryptocurrencies are enduring progressive market carnage from the US President Donald Trump administration's incessant tariffs on its trade partners, with some selected altcoins like NEO, Plume and Story (IP) leading the bullish brigade on Wednesday.
Tariff rollercoaster continues as China slapped with 104% levies
The reaction in currencies has not been as predictable. The clear winners so far remain the safe-haven Japanese yen and Swiss franc, no surprises there, while the euro has also emerged as a quasi-safe-haven given its high liquid status.
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The Best brokers to trade EUR/USD
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