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Summary

In this session you will see how easy it is to spot the "reversal zones" on the chart using a simple three step methodology. You will also know when to take a trade on these zones and when to leave the market alone. The latter half of the session will be spent looking at the markets from a naked point of view.
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Editors’ Picks

EUR/USD holds near 1.0500 ahead of Powell speech

EUR/USD holds near 1.0500 ahead of Powell speech

EUR/USD holds steady at around 1.0500 in the American session on Wednesday. The weaker-than-expected ADP Employment Change and the ISM Services PMI data hurt the USD and help the pair keep its footing. Fed Chairman Powell will speak later in the day.

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GBP/USD recovers toward 1.2700 after US data

GBP/USD recovers toward 1.2700 after US data

Following a pullback, GBP/USD edges higher toward 1.2700 in the second half of the day on Wednesday as the US Dollar loses strength following the disappointing data releases. Markets eagerly await Fed Chairman Jerome Powell's speech. 

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Gold advances to $2,650 area as US yields edge lower

Gold advances to $2,650 area as US yields edge lower

Following a consolidation phase near $2,640, Gold gains traction and rises to the $2,650 area. The benchmark 10-year US Treasury bond yield pushes lower after weak macroeconomic data releases from the US, helping XAU/USD stretch higher.

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UnitedHealth unit CEO murdered early Wednesday in Manhattan

UnitedHealth unit CEO murdered early Wednesday in Manhattan Premium

UnitedHealthcare CEO Brian Thompson was gunned down in Manhattan Wednesday morning. Thompson was shot by a masked gunman as he was in the city for an investor meeting.

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Four out of G10

Four out of G10

In most cases, the G10 central bank stories for December are starting to converge on a single outcome. Here is the state of play: Fed: My interpretation of Waller’s speech this week is that his prior probability for a December cut was around 75% before the data.

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VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

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