In this TradeGATEHub Live Trading session, Coach analyzes post-election price action in USDJPY, discussing the potential for a break in its uptrend under the 152 level. He shares insights on where to consider fading dollar strength in the coming week and introduces his approach to trading with the "3 P's.".

 

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AUD/USD extends the range play; looks to Fed rate decision for fresh impetus

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AUD/USD edges higher during the Asian session on Wednesday, though it lacks bullish conviction as traders opt to wait for the outcome of a two-day FOMC meeting before placing directional bets. Trade uncertainties and rising geopolitical tensions continue to weigh on investors' sentiment, which underpins the safe-haven USD.

USD/JPY retests monthly top as Fed decision looms large

USD/JPY retests monthly top as Fed decision looms large

USD/JPY is extending its uptrend for the fourth straight day and testing the monthly peak, just below mid-145.00s during the Asian session on Wednesday. Reduced bets for another rate hike by the BoJ in 2025 and diminishing odds for an early US-Japan trade deal undermine the JPY. 

Gold price bulls remain on the defensive with Fed rate decision in focus

Gold price bulls remain on the defensive with Fed rate decision in focus

Gold price extends its sideways consolidative price move below the $3,400 mark as traders keenly await the Fed policy decision later this Wednesday. The recent USD recovery from a multi-year low acts as a headwind for the bullion. However, a further escalation of geopolitical tensions in the Middle East supports the XAU/USD.

GENIUS bill gains Senate approval, advances to House for deliberation

GENIUS bill gains Senate approval, advances to House for deliberation

The United States Senate has passed the Guidance and Establishing Innovation for US Stablecoins bill in a 68-30 vote on Tuesday, bringing it closer to President Donald Trump's desk. The bill now heads to the House for deliberation before a final vote.

Chinese data suggests economy on track to hit 2025 growth target

Chinese data suggests economy on track to hit 2025 growth target

China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.

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