The past 2 weeks have spiked the VIX nearly 70%! For a trader this can be golden, especially for options traders looking to sell options and collect premium. Master trader, Steve Moses, joins Merlin for a look at how his trading has changed over the past 2 weeks due to the increase in volatility. Steve also takes a look at historical market data and what we should have learned from it!
Editors’ Picks
EUR/USD extends slide below 1.1700
The EUR/USD pair nears its weekly low at around 1.1660 in the American session on Tuesday, retreating from the 1.1750 price zone tested earlier in the day. Cautiously optimistic markets support the US Dollar in the near term.
GBP/USD consolidates around 1.3500; looks to US macro data for fresh impetus
The GBP/USD pair oscillates in a narrow range, around the 1.3500 psychological mark during the Asian session on Wednesday, and for now, seems to have stalled the previous day's retracement slide from its highest level since September 18. Moreover, the fundamental backdrop seems tilted in favor of bullish traders and suggests that the path of least resistance for spot prices is to the upside.
USD/JPY stalls upside near 156.80 as USD meets fresh supply
USD/JPY has stalled its renewed upside near 156.80 in the Asian session on Wednesday, consolidating above 156.50. The renewed US Dollar selling remains a drag on the pair even as a cautious market mood keeps the haven demand for the Japanese Yen somewhat underpinned. All eyes are on the key US data releases.
Editors’ Picks
AUD/USD drops and pops after softer Aussie CPI, near 0.6750
AUD/USD reverses a quick downtick to near the 0.6720 region to test 15-month highs at around 0.6750 in Wednesday's Asian session. The pair experiences light volatile trading following the release of softer Australian consumer inflation figures, which tempered bets that the RBA could opt for a rate hike next month.
USD/JPY stalls upside near 156.80 as USD meets fresh supply
USD/JPY has stalled its renewed upside near 156.80 in the Asian session on Wednesday, consolidating above 156.50. The renewed US Dollar selling remains a drag on the pair even as a cautious market mood keeps the haven demand for the Japanese Yen somewhat underpinned. All eyes are on the key US data releases.
Gold sees profit-taking decline after facing rejection at $4,500
Gold price sees a decline on profit-taking after facing rejection at $4,500 in the Asian trading hours on Wednesday. Despite the pullback, the traditional safe haven remains underpinned by geopolitical tensions and expectations of Fed rate cuts. The US ADP Jobs data, JOLTS Job Openings Survey and ISM Services Purchasing Managers Index report will be published on Wednesday.
Pump.fun prepares for early-year rally as DEX volume skyrockets
Pump.fun (PUMP) is rising alongside crypto majors such as Bitcoin (BTC) and is trading above $0.002400 at the time of writing on Tuesday. The Decentralized Exchange (DEX) native token outlook builds on a bullish tone developed since December 30.
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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