In today's TradeGATEHub Live Trading session, Coach Dale explores whether upcoming decisions by the Federal Reserve or Non-Farm Payroll (NFP) data will mark a turning point for the DXY. He analyzes the EURGBP as an indicator for the EURUSD's future movements. Additionally, Dale discusses the potential correction in precious metals and the possibility of yields peaking. He also interprets last week's recovery in equities as a selling opportunity, offering strategic insights for traders.

 

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The Australian Dollar posted losses of 0.23% against the US Dollar on Thursday amid higher US yields that underpinned the Greenback during the day. Wall Street hit new all-time highs but retreated afterward, ending the session with losses. As Friday’s Asian session begins, the AUD/USD trades at 0.6678.

AUD/USD News

EUR/USD slipped on Thursday after Greenback pares some losses

EUR/USD slipped on Thursday after Greenback pares some losses

EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week. The pair remains up for the trading week, but a late break for the US Dollar is on the cards as investors second-guess the Fed's stance on rate cuts.

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Gold loses its bright and tumbles on firm US Dollar, Fed hawkish comments

Gold loses its bright and tumbles on firm US Dollar, Fed hawkish comments

Gold prices fell in the mid-North American session on Thursday, below $2,390, as US Treasury yields recovered and underpinned the Greenback. Wednesday’s inflation report in the United States sponsored the golden metal rally, but Thursday’s data was a mixed bag, which could likely trigger some profit-taking ahead of the weekend.

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April CPI: Worst good news ever

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The monthly rise in prices based on the Consumer Price Index (CPI) came in slightly lower than projected, sending a wave of euphoria across the financial landscape. The consensus is cooling inflation puts Federal Reserve interest rate cuts back on the table.

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