Every trader seeks out other traders, yet most only find bad advice and shenanigans. Brandon Tristan is part of a world class team that works with groups of traders from around the world every day. This trading environment, XLT (Extended Learning Track), was designed to help traders share ideas, understand trading concepts and apply Online Trading Academy’s patented trading methodology in a live market environment all led by master instructors. Brandon shares some of his highlights before going onto analyze several listener questions regarding the currency market.
Editors’ Picks
EUR/USD steadies around 1.1700, with eyes on key EU/ US data
EUR/USD keeps its range intact around 1.1700 in European trading hours on Wednesday. The pair awaits key Eurozone inflation and US jobs numbers for a fresh directional impetus. In the meantime, a broadly subdued US Dollar keeps the major supported.
GBP/USD holds gains above 1.3500 as USD weakens ahead of US data
GBP/USD gains some ground above 1.3500 on Wednesday after registering modest gains in the previous session. The pair edges higher as the US Dollar struggles ahead of the US ADP Employment Change, JOLTS Job Openings and ISM Services Purchasing Managers’ Index due later in the day.
Japanese Yen advances vs. weaker USD amid divergent BoJ-Fed outlooks
The Japanese Yen adds to its modest Asian session gains against a broadly softer US Dollar and reverses a major part of the previous day's decline. The growing acceptance that the Bank of Japan will stick to its policy normalization path marks a significant divergence in comparison to dovish US Fed expectations and is seen as a key factor behind the lower-yielding JPY's outperformance.
Editors’ Picks
EUR/USD steadies around 1.1700, with eyes on key EU/ US data
EUR/USD keeps its range intact around 1.1700 in European trading hours on Wednesday. The pair awaits key Eurozone inflation and US jobs numbers for a fresh directional impetus. In the meantime, a broadly subdued US Dollar keeps the major supported.
GBP/USD holds gains above 1.3500 as USD weakens ahead of US data
GBP/USD gains some ground above 1.3500 on Wednesday after registering modest gains in the previous session. The pair edges higher as the US Dollar struggles ahead of the US ADP Employment Change, JOLTS Job Openings and ISM Services Purchasing Managers’ Index due later in the day.
Gold pulls back from $4,500 amid profit-taking ahead of key US macro data
Gold struggles to capitalize on its strong weekly gains registered over the past two days and faces rejection near the $4,500 psychological mark, or over a one-week high touched during the Asian session on Wednesday. As investors digest the recent US attack on Venezuela, the prevalent risk-on environment prompts some profit-taking around the commodity.
Bitcoin, Ethereum and Ripple cool off as rally stalls near key resistance zones
Bitcoin, Ethereum, and Ripple prices are taking a breather on Wednesday near their key resistance levels following the recent surge. BTC faces rejection at the $94,253 level, while ETH and XRP follow BTC’s footsteps, struggling near $3,308 and $2.35, respectively.
Implications of US intervention in Venezuela
Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.
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