In today's TradeGATEHub Live Trading session, Coach Dale acknowledges Michael Venezia's successful prediction regarding Citibank, tipping his hat to Mike's keen market insight. Coach Dale also analyzes the recent bounce in the dollar, suggesting it presents a selling opportunity, and delves into the gold/silver ratio to provide further market context. Meanwhile, Michael Venezia shares updates on today's trading activities and discusses how option sweeps earlier in the week provided valuable signals for movements like those seen in Citibank. This session offers a comprehensive look at strategic trading opportunities and market analysis techniques.
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AUD/USD keeps the positive outlook above 0.6615
AUD/USD traded in an inconclusive fashion in line with the broader sentiment in the FX galaxy, hovering around the 0.6660 zone as investors got ready for the release of US CPI data on Wednesday.
EUR/USD looked under pressure and approached 1.1000
EUR/USD navigated with modest losses and traded at shouting distance from the key support at 1.1000 the figure amidst a vacillating mood in the Greenback prior to the publication of US inflation readings.
Gold holds modest intraday gains above $2,510
Gold struggles to build on Monday's gains but manages to hold near $2,500 on Tuesday. Investors refrain from taking large positions ahead of Wednesday's highly-anticipated US inflation data for August, limiting XAU/USD's volatility.
XRP could benefit from Ripple stablecoin, according to a crypto analyst on X.com
Ripple (XRP) recently announced the launch of its stablecoin project, Ripple USD (RLUSD). In an interview at Korea Blockchain Week in the first week of September, CEO Brad Garlinghouse said that the asset’s launch is weeks away.
Five Fundamentals for the week: Jittery markets fear the ECB, US inflation and more Premium
Is there still a chance? Investors hope for a 50-bps rate cut from the Fed but also fear a global recession is underway. The world's three largest economies, the US, China, and the eurozone, are set to rock global markets.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.