Ming Jong Tey
Independent Analyst
There are a lot of uncertainties in the market, which make trading or investing challenging. Most of the retail traders tend to get very confused about the the direction of the market and failing to create a trading plan makes it even worse.
In this video, you will find out how to confirm and what to look for a bull market versus a bear market. Watch the video below:
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Editors’ Picks
EUR/USD trims losses and returns to the 1.1750 area
The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.
GBP/USD consolidates above mid-1.3300s as traders await BoE and US CPI report
The GBP/USD pair struggles to capitalize on the overnight bounce from the 1.3310 area, or a one-week low, and oscillates in a narrow band during the Asian session on Thursday. Spot prices currently trade around the 1.3370 region, down less than 0.10% for the day, as traders opt to wait on the sidelines ahead of the key central bank event risk and US consumer inflation data.
USD/JPY climbs above 155.50 as traders await US CPI release
The USD/JPY pair rises to around 155.60 during the early Asian session on Thursday. The US Dollar edges higher against the Japanese Yen on the cautious comments from Federal Reserve Governor Christopher Waller. Traders will keep an eye on the US Consumer Price Index inflation data for November, which will be released later on Thursday.
Editors’ Picks
AUD/USD slides to two-week low, below 0.6600 as traders await US CPI
The AUD/USD drops to a two-week low during the Asian session on Thursday amid a weaker risk tone, which benefits the safe-haven US Dollar and weighs on the Aussie for the sixth consecutive day. Apart from this, China's economic woes further undermine the Australian Dollar, though the RBA's hawkish stance could limit losses. Furthermore, bets for more rate cuts by the Fed might cap the USD and lend support to the currency pair ahead of the US inflation figures later today.
USD/JPY climbs above 155.50 as traders await US CPI release
The USD/JPY pair rises to around 155.60 during the early Asian session on Thursday. The US Dollar edges higher against the Japanese Yen on the cautious comments from Federal Reserve Governor Christopher Waller. Traders will keep an eye on the US Consumer Price Index inflation data for November, which will be released later on Thursday.
Gold declines on profit-taking, USD strength ahead of US CPI release
Gold price edges lower below $4,350 during the Asian trading hours on Thursday. The precious metal retreats from seven-week highs amid some profit-taking and a rebound in the US Dollar (USD). The potential downside for the yellow metal might be limited after the recent US jobs data reinforce market expectations of further interest rate cuts by the US Federal Reserve and drag the USD lower.
Bitcoin, Ethereum whipsaw, sparks heavy liquidations amid accusations of market manipulation
The crypto market whipsawed on Wednesday as top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), quickly reversed gains from the early American session.
Monetary policy: Three central banks, three decisions, the same caution
While the Fed eased its monetary policy on 10 December for the third consecutive FOMC meeting, without making any guarantees about future action, the BoE, the ECB and the BoJ are holding their respective meetings this week.
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