In today's stream, Coach Dale featured the USDJPY breakdown along with targets under the 108 handle.. Dale showed the negative day in gold that could lead to $1750.

 

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Editors’ Picks

EUR/USD: Bulls move in and eye 1.1750/60 targets

EUR/USD bears are seeking a downside daily extension deeper into monthly support. EUR/USD bulls are stepping in which opens the risk of a meanwhile bullish correction. From a longer-term perspective, the price is pressured within monthly low territories.

EUR/USD News

GBP/USD: Pressure mounts ahead of central banks’ announcements

The Fed and the BoE will make announcements this week. UK public inflation expectations are up for this year and the upcoming ones. GBP/USD is technically bearish in the near term, poised to retest August monthly low.

GBP/USD News

Gold: NY correction could lead to a run on $1,790

The price of gold continued to rise until the late morning of the US session. XAU/USD was capped at a high of $1,781.83 and drifted back in a correction of the bullish impulse to trade near $1,775 by the closing bell on Wall Street.

Gold News

Shiba Inu bulls can't hold SHIB from dropping to $0.000006

Shiba Inu price has fallen -28% over the past four trading sessions. Bears remain in control as bulls fail to complete a breakout above $0.000008. Bulls must hold $0.000007 to prevent a drop towards $0.000006.

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Fed Preview: Three ways in which Powell could down the dollar, and none is the dot-plot

No taper now, but when? That is the main question for the Fed in its all-important September meeting. The bank buys $120B worth of bonds every month and it is set to reduce the pace at some point – the first step toward raising interest rates. 

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