In today’s TradeGATEHub Live Trading session, Coach Dale discusses the current rally in the USDJPY, suggesting that the move to 1.52 represents a potential fading opportunity. He provides a detailed technical analysis of major currency pairs including EURUSD, GBPUSD, USDCAD, and AUDUSD, offering strategic insights into their movements. Additionally, Dale delves into the bearish scenarios for the S&P 500 (SPX) and NASDAQ 100 (NAS100), helping traders navigate the risks and opportunities in these indices.
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AUD/USD hangs near multi-week low, flirts with 100-day SMA around mid-0.6600s
AUD/USD languishes near a three-week low touched on Monday, with bears awaiting a sustained break below the 100-day SMA before placing fresh bets amid some follow-through USD strength. Friday's mixed US jobs data tempered expectations for a 50 bps Fed rate cut move later this month and continues to underpin the buck.
USD/JPY steadily climbs back closer to mid-143.00s, upside potential seems limited
The USD/JPY pair turns positive for the second straight day following an early Asian session dip to the 142.85 region, albeit it lacks bullish conviction. Spot prices trade with a mild positive bias just below mid-143.00s and remain well within the striking distance of a one-month low touched last Friday.
Gold consolidates above $2,500 amid mixed cues; bullish bias remains
Gold price struggles to capitalize on the overnight bounce from a multi-day low and oscillates in a narrow trading band, above the $2,500 psychological mark during the Asian session on Tuesday. A positive risk tone and some follow-through USD strength contribute to capping the XAU/USD.
Dogecoin leads meme coin recovery following positive investor sentiment
Dogecoin is up more than 8% on Monday, as it's leading the entire meme coin sector on a rebound. The top meme coin could see a massive rally if it completes a key move within a falling wedge.
Week ahead: ECB poised to cut again, US CPI to get final say on size of Fed cut
ECB is expected to ease again, but will it be another ‘hawkish cut’? US CPI report will be the last inflation update before September FOMC. UK monthly data flurry begins with employment and GDP numbers.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.