Merlin Rothfeld
Online Trading Academy
It’s not often that you hit a significant Demand zone to the tick, then have it rally hard to the opposite Supply zone, to the TICK!! All during the same trading session! That’s exactly what Bill Henner and his students experienced during their trading class in New York City today. As well as anyone else following the levels on the MasterMind grid! Bill shares with us his thoughts on trade planning, as well as some answers to listener questions on the Euro, and getting stopped out!
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Editors’ Picks
EUR/USD gains ground above 1.1250 ahead of US Retail Sales release
The EUR/USD pair trades in positive territory around 1.1285 during the early Asian session on Wednesday. The US Dollar currently trades near a three-year low against the Euro as trade tensions remain well in place.
GBP/USD keeps the bullish stance in the low-1.3200s
After hitting fresh six-month peaks near 1.3250, GBP/USD is now under a tepid selling pressure due to a strong comeback in the Greenback, causing it to retreat toward the 1.3200 support area. Next on the UK docket are inflation figures, expected to be released on Wednesday.
USD/JPY stays pressured toward 142.50 amid renewed US Dollar selling
USD/JPY turns south toward 142.50 and remains close to a multi-month low touched last week. Tariff-driven uncertainty continued to weigh on the US Dollar. Adding to this hope for a US-Japan trade deal, the divergent BoJ-Fed policy expectations and a softer risk tone underpin the safe-haven Japanese Yen.
Editors’ Picks
AUD/USD: Buyers retake 0.6350 after Chinese GDP data
AUD/USD picks up fresh bids and retakes 0.6350 in Asian trading on Wednesday. The pair finds fresh demand after Chinese Q1 GDP beat estimaes with 5.4% YoY while Retail Sales and Industrial Production data also exceeded expectations. However, the further upside could be capped by US-China trade woes ahead of Powell.
Gold price hangs close to all-time highs at $3,275
Gold price holds the advannce to record another all-time high at $3,275 per troy ounce in the Asian session on Wednesday. Safe-haven demand amid US President Donald Trump's uncertain tariff plans, softer US Dollar and prospects of further easing by the Federal Reserve provide some support to the yellow metal.
USD/JPY stays pressured toward 142.50 amid renewed US Dollar selling
USD/JPY turns south toward 142.50 and remains close to a multi-month low touched last week. Tariff-driven uncertainty continued to weigh on the US Dollar. Adding to this hope for a US-Japan trade deal, the divergent BoJ-Fed policy expectations and a softer risk tone underpin the safe-haven Japanese Yen.
Binance and KuCoin traders panic as Amazon Web Service outage halts Crypto withdrawals
On Monday, a technical outage from Amazon Web Services temporarily halted operations at top cryptocurrency exchanges, including Binance and KuCoin. The outage disrupted withdrawals and trading services, sparking major concerns among cryptocurrency traders.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
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