Merlin Rothfeld
Online Trading Academy
Markets took a shot in the jaw on Thursday, leading many to jump to the conclusion that the crash is about to begin. Larry Jacobson joins Merlin to put it in perspective and offer solutions if the market does continue to the downside. He also looks at some options tactics that will help traders and investors ride out any market.
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Editors’ Picks
EUR/USD trades around 1.1700 after rebounding from 50-day EMA
EUR/USD gains ground after three days of losses, trading around 1.1700 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a potential for a bearish bias; the 14-day Relative Strength Index at 47 confirms waning momentum.
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.
Top Crypto Gainers: JasmyCoin rallies as Cosmos and Bittensor retreat
JasmyCoin, Cosmos, and Bittensor are among the top-performing cryptocurrency assets in the last 24 hours. JasmyCoin leads the rally with double-digit gains, and bulls are targeting further gains, while Cosmos and Bittensor struggle to extend their gains after six consecutive days of recovery.
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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