Natural Gas – Sell trade idea [Video]
![Natural Gas – Sell trade idea [Video]](https://editorial.fxsstatic.com/images/i/Commodities_Gas-2_XtraLarge.jpg)
Potential for the downside correction.
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Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
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EUR/USD is holding sizeable losses near 1.2000 in the European session on Wednesday. The pair retraces from a five-year high amid renewed US Dollar demand. All eyes will be on the US Federal Reserve interest rate decision due later on Wednesday.
GBP/USD sticks to sizeable losses near 1.3800 in European trading on Wednesday. The US Dollar stages a solid comeback on profit-taking as traders adjust their positions ahead of the key Fed policy announcements. This contributes to the downside in the pair alongside cautious markets.
Gold continues scaling new all-time peaks for the eighth straight day and moves closer to the $5,300 mark during the early part of the European session on Wednesday. Investors continue to take refuge in traditional safe-haven assets on the back of economic and geopolitical uncertainties, fueled by US President Donald Trump's decisions.
The Bank of Canada is widely expected to leave its benchmark rate unchanged at 2.25% at Wednesday’s meeting, extending the pause it signalled back in December. The Bank of Canada will announce its policy decision on Wednesday at 14:45 GMT alongside the Monetary Policy Report.
Four companies are set to decide the direction of the stock market this week, with guidance – not headline earnings – likely determining whether the AI rally continues or cracks.
Bitcoin Cash (BCH) is trading around $600 at press time on Wednesday, framing a potential double bottom reversal on the daily chart. The BCH token is witnessing renewed capital inflows into its futures contracts amid a positive funding rate cycle, signaling renewed investor interest.
