Dale J Pinkert
Independent Analyst
In today’s TradeGATEHub Live Trading session, Michael Venezia offers a practical lesson on relative strength, comparing PayPal ($PYPL) and Square ($SQ) to illustrate how stocks within the same sector can exhibit divergent movements. Coach Dale discusses the recent pullback in gold and the recovery in USDJPY, providing insights into these key market trends. Additionally, Mike explores the significance of option sweeps, demonstrating how they can reveal underlying movements and strategies within similar stocks. This session is packed with valuable lessons on market dynamics and trading strategies for both currency and equity traders.
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Editors’ Picks
EUR/USD extends correction toward 1.1100 after US data
EUR/USD stays under modest bearish pressure and declines toward 1.1100 in the second half of the day on Thursday. The US Dollar preserves its recovery momentum following the mixed PMI data, making it difficult for the pair to regain its traction.
GBP/USD clings to gains below 1.3100
GBP/USD struggles to maintain the positive stance on Thursday as the quite decent rebound in the Greenback prompted Cable to abandon the area of recent 13-month highs around 1.3130 and revisit the sub-1.3100 zone.
Gold comes under pressure ahead of Powell
Gold extends its correction and trades below $2,480 in the American session Thursday. The benchmark 10-year US Treasury bond yield clings to daily gains after August PMI data from the US, forcing XAU/USD to stay on the back foot.
MATIC price poised for rally as on-chain data shows a positive bias
Polygon's (MATIC) price has risen 27% since the start of this week and, as of Thursday, is continuing to trade higher by 0.5% at $0.52. On-chain data shows that MATIC's TVL is rising.
US S&P Global PMIs seen broadly unchanged in August, signaling moderate economic expansion
S&P Global will publish the preliminary estimates of the US PMIs for August on Thursday. The indexes are the result of surveys of the senior executives in the private sector and are meant to indicate the overall health of an economy.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.