In today’s TradeGATEHub Live Trading session, Coach Dale delves into discussions on multiple fronts. He starts by asking Michael Venezia about his perspectives on the current equities market and seeks Roy’s insights into the latest trends in the cryptocurrency space. Dale also discusses his strategies for the DXY in the aftermath of the Non-Farm Payroll (NFP) release. Meanwhile, Mike shares updates on his long positions in silver and the impact of recent option sweeps. Roy rounds out the session by detailing his current trading activities in the cryptocurrency market, providing a comprehensive overview of diverse investment areas.
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EUR/USD stays below 1.1150 after upbeat US data
EUR/USD pulls away from the daily high it set near 1.1200 and trades below 1.1150 on Thursday. The upbeat data from the US helps the USD limit its losses but the improving risk mood allows the pair to hold its ground in the American session.
GBP/USD retreats below 1.3250 after BoE-inspired rally
GBP/USD loses its bullish momentum and retreats below 1.3250 after touching its highest level since March 2022 above 1.3300 with the immediate reaction to the BoE's decision to leave the policy rate unchanged at 5%. In the US, weekly Jobless Claims declined to 219K.
Gold clings to strong daily gains near $2,580
Following a pullback in the early American session, Gold regains its traction and trades decisively higher on the day at around $2,580. The 10-year US Treasury bond yield retreats toward 3.7%, supporting XAU/USD in the Fed aftermath.
Bitcoin extends gains after Fed cut interest rate
Bitcoin extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points.
BoE expected to keep interest rate unchanged at 5% as price pressures persist
After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.
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.