Hi, it’s Thursday on The Traders Podcast, and this is a special crisis episode, where your host Rob Booker reports on a drastic move (depicted at right) where the Swiss franc gives up. Also: Bitcoin is collapsing, and we don’t know why yet… But Rob speculates. And Jason makes a quick prediction about the Academy Awards Best Picture nominees.
And while you still can, don’t forget to check out Rob’s early bird signup for the newest version of his trading course (releasing this upcoming Friday, January 16) — Trifecta 4.
Editors’ Picks
EUR/USD remains on the defensive below 1.0400 on hawkish Fed rate cut
The EUR/USD pair weakens to near 1.0370 during the Asian trading hours on Thursday. The hawkish rate cut by the US Federal Reserve lifts the US Dollar and drags the major pair lower.
GBP/USD edges higher to near 1.2600 ahead of BoE rate decision
GBP/USD gains ground after declining more than 1% following the Federal Reserve’s hawkish cut on Wednesday, trading around 1.2590 during the Asian hours on Thursday.
USD/JPY refreshes monthly high above 155.00 on BoJ's rates on-hold
USD/JPY is back above 155.00, refreshing monthly highs following the BoJ policy verdict. The BoJ left the short-term rate target unchanged in the range of 0.15%-0.25%. The decision came in line with the market expectations. Governor Ueda's press conference is now awaited.
Editors’ Picks
USD/JPY refreshes monthly high above 155.00 on BoJ's rates on-hold
USD/JPY is back above 155.00, refreshing monthly highs following the BoJ policy verdict. The BoJ left the short-term rate target unchanged in the range of 0.15%-0.25%. The decision came in line with the market expectations. Governor Ueda's press conference is now awaited.
AUD/USD bounces off two-year lows at 0.6200 as USD takes a breather
AUD/USD rebounds from two-year lows of 0.6200 early Thursday. The pair benefits from a pause in the hawkish Fed cut-led US Dollar uptrend. However, concerns about China's fragile economic recovery and Trump's tariff plans could cap the Aussie's recovery.
Gold sees a dead cat bounce following Fed’s hawkish cut
With the full final week of 2024 almost drawing to a close, Gold price remains vulnerable near one-month lows below $2,600, licking the hawkish US Federal Reserve policy decision-inflicted wounds.
Crypto market bleeds following hawkish rate cut decision by Fed
Bitcoin and the crypto market are down on Wednesday following the Federal Open Market Committee announcement to slow down rate cuts in 2025, with the benchmark federal funds rate declining to a lower range of 4.25% to 4.50%.
Sticky UK services inflation to come lower in 2025
Services inflation is stuck at 5% and will stay around there for the next few months. But further progress, helped by more benign annual rises in index-linked prices in April, should see ‘core services’ inflation fall materially in the spring.
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