Any discussions held, views and opinions expressed and materials provided during TraderCast sessions are the views, opinions and materials of Phillip Konchar alone. All information and materials provided are not independent investment research and are provided for general information purposes only and does not take into account your personal circumstances or objectives. These sessions or any materials provided are not and shall not be construed as financial promotion, nor are they (or should be construed to be) financial, investment or other advice upon which reliance should be placed. Phillip Konchar’s trading strategies do not guarantee any return and Phillip Konchar shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein. Spread trading is a leveraged product and carries a high level of risk to your capital as prices may move rapidly against you. It is possible to lose more than your initial investment and you may be required to make further payments. It may not be suitable for all customers therefore ensure you understand the risks and seek independent advice.
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AUD/USD: Extra gains in the pipeline above 0.6520
AUD/USD partially reversed Tuesday’s strong pullback and regained the 0.6500 barrier and beyond in response to the sharp post-FOMC pullback in the Greenback on Wednesday.
EUR/USD meets support around 1.0650
EUR/USD managed to surpass the key 1.0700 barrier in response to the intense retracement in the US Dollar in the wake of the Fed’s interest rate decision and Chair Powell’s press conference.
Gold surpasses $2,300 as Dollar tumbles
The precious metal maintains its constructive stance and trespasses the $2,300 region on Wednesday after the Federal Reserve left its FFTR intact, matching market expectations.
Bitcoin price reclaims $59K as Fed leaves rates unchanged
The market was at the edge of its seat on Wednesday to see whether the US Federal Reserve (Fed) would cut interest rates during the Federal Open Market Committee (FOMC) meeting.
The market welcomes the Fed's statement
The market has welcomed the Fed statement, and the S&P 500 is higher in its aftermath, the dollar is lower and Treasury yields are falling. There is still only one cut priced in by the Fed.