Simon Wajcenberg, CEO of K1T Capital, joined Zak Mir, Technical Analyst for Zak's Traders Cafe, and Alan Green, CEO of Brand Communications, on the Tip TV Finance Show to discuss the last time he was on the show and calls he made from there, as well as to provide two new trade ideas on XLP and USD/CAD, and to focus on how to trade Crude Oil.

Topics Covered: Commodities, Crude Oil, XLP, USD/CAD.

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AUD/USD regains the constructive outlook above the 200-day SMA

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AUD/USD advanced strongly for the second session in a row, this time extending the recovery to the upper 0.6500s and shifting its focus to the weekly highs in the 0.6580-0.6585 band, an area coincident with the 100-day SMA.

AUD/USD News

EUR/USD recovers to top end of consolidation ahead of Friday’s US NFP

EUR/USD recovers to top end of consolidation ahead of Friday’s US NFP

EUR/USD drove back to the top end of recent consolidation on Thursday, recovering chart territory north of the 1.0700 handle as market risk appetite regains balance heading into another US Nonfarm Payrolls Friday.

EUR/USD News

Gold price pullback on Fed hawkish tilt amidst lower US yields, weaker US Dollar

Gold price pullback on Fed hawkish tilt amidst lower US yields, weaker US Dollar

Gold price clings to the $2,300 figure in the mid-North American session on Thursday amid an upbeat market sentiment, falling US Treasury yields, and a softer US Dollar. Traders are still digesting Wednesday’s Federal Reserve decision to hold rates unchanged.

Gold News

Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors

Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors

Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.

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FOMC in the rear-view mirror – NFP eyed

FOMC in the rear-view mirror – NFP eyed

The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.

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