Happy Monday! Welcome to The Traders Podcast, Episode 342. Your host Rob Booker and Jason the producer listen to a voicemail from Alessandro from Orlando, Florida, who has some insights about MetaTrader 5.
Then Rob spends the remainder of the show talking about online business and how he thinks that learning about how to run an online business should be as close to free as possible. To this end, Rob has launched a brand new audio podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!
Editors’ Picks
EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official
EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday. The US Dollar gains ground due to the expectations of the Federal Reserve’s prolonging higher interest rates.
GBP/USD hovers around 1.2500 on the stronger US Dollar, focus on BoE rate decision
The GBP/USD pair trades on a softer note around 1.2500 on Wednesday during the early Asian session. The USD Index recovers modestly to 105.40, which drags the major pair lower.
USD/JPY extends recovery above 154.50 amid firmer US Dollar
The USD/JPY trades in positive territory for the third consecutive day around 154.75 during the early Asian session on Wednesday. The higher-for-longer US rate narrative continues to support the US Dollar and lift the pair.
Editors’ Picks
AUD/USD loses ground due to the absence of a hawkish RBA
The Australian Dollar has plunged following the Reserve Bank of Australia's decision to maintain its interest rate at 4.35% on Tuesday. Investors sentiment leaned toward a potentially more hawkish stance from the RBA, particularly after last week's inflation data surpassed expectations.
EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official
EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday. The US Dollar gains ground due to the expectations of the Federal Reserve’s prolonging higher interest rates.
Gold price remains on the defensive on a firmer US Dollar
Gold price attracts some sellers on the firmer US Dollar during the Asian trading hours on Wednesday. The hawkish remarks from Federal Reserve officials dampen hopes for potential interest rate cuts in 2024 despite weaker-than-expected US employment reports in April.
FTX files consensus-based plan of reorganization, awaits bankruptcy court approval
FTX has filed a consensus-based plan for its reorganization, coming almost two years after the now defunct FTX filed for Chapter 11 Bankruptcy Protection in the District of Delaware.
Living vicariously through rate cut expectations
U.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming economic reports showing data surprises at their most negative levels since February of last year.
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