In the latest TradeGATEHub Live Trading session, a key sell zone for EURUSD around 1.1050 was highlighted ahead of the European Central Bank's (ECB) announcement. Dale provided detailed resistance levels across the major currency pairs, anticipating potential failing rallies. Additionally, Coach offered his analysis of the XAU/XAG ratio, discussing what it could indicate for the future of the precious metals market.

 

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Editors’ Picks

AUD/USD remains stuck in a familiar range above 0.6400

AUD/USD remains stuck in a familiar range above 0.6400

AUD/USD struggles for a firmdirection and remains confined in a multi-week-old trading range above 0.6400 early Wednesday. The RBA's dovish outlook and the domestic political turmoil remains a drag on the Aussie amid US-China spat over chips. However, a broadly weaker USD continue to support the pair. 

USD/JPY bears retain control near two-week low, break below 144.00 awaited

USD/JPY bears retain control near two-week low, break below 144.00 awaited

USD/JPY languishes near a two-week low above 144.00 despite the disappointing release of Japan's trade balance data, as hawkish BoJ expectations continue to underpin the Japanese Yen. Meanwhile, the USD remains depressed amid Fed rate cut bets and a downgrade of the US government's credit rating, exerting additional pressure on the major.

Gold price looks to build on its recent strength beyond $3,300 mark

Gold price looks to build on its recent strength beyond $3,300 mark

Gold price advances to over a one-week top in the Asian session on Wednesday, with bulls now awaiting a sustained move above the $3,300 mark before placing fresh bets. Moody's downgrade of US credit rating and Fed rate cut bets keep the US Dollar depressed near a two-week low. Further, persistent geopolitical uncertainty benefits the safe-haven Gold.

Ethereum Price Forecast: ETH holds steady at $2,500 despite increasing selling pressure

Ethereum Price Forecast: ETH holds steady at $2,500 despite increasing selling pressure

Ethereum (ETH) held steady above $2,500 on Tuesday despite investors stepping up their selling pressure with high profit-taking and loss realization activity.

China April slowdown shows the impact of economic uncertainty

China April slowdown shows the impact of economic uncertainty

Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.

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