Merlin Rothfeld
Online Trading Academy
For the past 6+ months, every time Vishal has been on the show, he has been adamant about selling the rallies! And for 6+ months, he has been SPOT on! Will his market view persist? Tune in and find out the answer and much more as Vishal calls in from Mumbai to talk to Merlin on Power Trading Radio.
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Editors’ Picks
EUR/USD flattens near 1.05 in the run-up to EU inflation figures
EUR/USD cycled the 1.0500 handle on Tuesday, with Fiber price action drifting into the near-term middle ground as directional momentum drains out of the pair. The economic calendar is an overall thin affair this week, with the US Thanksgiving holiday on Thursday trimming late-week market momentum.
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 stays pressured below 153.00, US data eyed
USD/JPY slides to over a two-week low below 153.00 early Wednesday as Trump's tariff threats continue to drive haven flows towards the JPY and exert pressure on spot prices. That said, doubts over the BoJ's ability to tighten its monetary policy further should cap gains for the JPY. US data eyed.
Editors’ Picks
NZD/USD jumps toward 0.5900 after RBNZ interest rate decision
NZD/USD has picked up fresh bids, marching toward 0.5900 early Wednesday. The New Zealand Dollar finds fresh buyers after the RBNZ announced 50 bps interest rate cut to 4.25%, as widely expected. Kiwi buyers shrug off dovish guidance by the RBNZ.
USD/JPY stays pressured below 153.00, US data eyed
USD/JPY slides to over a two-week low below 153.00 early Wednesday as Trump's tariff threats continue to drive haven flows towards the JPY and exert pressure on spot prices. That said, doubts over the BoJ's ability to tighten its monetary policy further should cap gains for the JPY. US data eyed.
Gold price consolidates amid mixed cues; holds comfortably above $2,600
Gold price struggles to capitalize on the overnight bounce from the $2,600 neighborhood or over a one-week low and trades with a mild negative bias on Wednesday. The prevalent risk-on environment, expectations for a less dovish Fed, elevated US bond yields and the underlying bullish sentiment surrounding the USD act as a headwind for the commodity.
Bitcoin remains short of $100K as long-term holders capitalize on recent price rise
Bitcoin (BTC) trades below $95K on Tuesday following increased selling pressure among long-term holders (LTH) after a series of new all-time highs (ATH).
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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