Dale J Pinkert
Independent Analyst
In today's TradeGATEHub Live Trading session, Coach asks Mike about The Greedometer, providing insights into market sentiment. Dale analyzes the ongoing rally in the dollar and discusses a potential bounce in precious metals. Meanwhile, Mike shares his trades for the day and reports on the latest option sweeps.
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GBP/USD pulls back to 1.2750 as markets turn cautious
GBP/USD is pulling back to near 1.2750 in the European session on Thursday as traders turn cautious. The pair reverses earlier gains even as the US Dollar corrects downwards. The focus remains on the US PPI and Jobless Claims data.
Gold price sits near one-month high on Fed rate cut optimism and softer USD
Gold price seems to have stabilized following good two-way price swings and trades around the $2,720 area during the early European session, just below the highest level in more than a month touched earlier this Thursday.
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Chainlink surges amid World Liberty purchase, Emirates NBD partnership and CCIP launch on Ronin network
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Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.
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