Ming Jong Tey
Independent Analyst
In this video, you will find out the following
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The breakout setup from the cup and handle pattern.
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Aggressive way to maximize the return with leveraged ETF.
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A simple way to project the price target of XRT ETF.
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Why there is a slight difference between the XRT ETF and the RETL leveraged ETF.
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And a lot more.
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EUR/USD retreats below 1.0800 ahead of US data
EUR/USD loses traction and trades below 1.0800 on Tuesday. The risk-averse market atmosphere ahead of Wednesday's tariff announcements makes it difficult for the pair to hold its ground as the market attention turns to US data releases.
GBP/USD struggles to stabilize above 1.2900
Following a short-lasting uptick in the European session, GBP/USD edges lower and trades slightly below 1.2900 on Tuesday. The US Dollar (USD) holds its ground as investors adopt a cautious stance in anticipation of data releases and Wednesday's tariff decisions.
Gold pulls away from record highs, holds comfortably above $3,100
Gold corrects lower but manages to hold comfortably above $3,100 after touching a new record-high near $3,150 earlier in the day. Falling US Treasury bond yields help XAU/USD limit its losses as investors refrain from taking large positions ahead of US tariff announcements.
JOLTS job openings set to decline modestly in February
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States Bureau of Labor Statistics. Markets expect job openings to decline to 7.63 million on the last business day of February.
Is the US economy headed for a recession?
Leading economists say a recession is more likely than originally expected. With new tariffs set to be launched on April 2, investors and economists are growing more concerned about an economic slowdown or recession.
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