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Datadog (DDOG) is about to complete the Wyckoff accumulation structure pending a breakout of the backup action trading range. Find out how to trade the breakout in DDOG for position trading. Watch the video below:

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Editors’ Picks

EUR/USD stays in red below 1.0850 after weak German and EU PMI data

EUR/USD stays in red below 1.0850 after weak German and EU PMI data

EUR/USD stays on the back foot and trades in negative territory below 1.0850. Preliminary July PMI data from Germany and the Eurozone came in below analysts' estimates, making it difficult for the Euro to find demand. Focus now shifts to US PMI report.

EUR/USD News

GBP/USD trades below 1.2900 following UK PMI

GBP/USD trades below 1.2900 following UK PMI

GBP/USD remains under modest bearish pressure and trades below 1.2900 in the European session. The risk-averse market atmosphere doesn't allow the pair to stage a rebound, even though the UK PMI data showed that the private sector continued to grow in July.

GBP/USD News

Japanese Yen remains stronger due to hawkish mood surrounding BoJ hiking rates

Japanese Yen remains stronger due to hawkish mood surrounding BoJ hiking rates

The Japanese Yen appreciates due to the hawkish sentiment surrounding the BoJ’s policy stance ahead of next week's meeting. Japan's Manufacturing PMI fell to 49.2 in July from a 50.0 reading; Services PMI surged to 53.9 from the prior 49.4. CME Group’s FedWatch Tool indicates an increase to 93.6% odds of a 25-basis point rate cut in September.

USD/JPY News

Editors’ Picks

EUR/USD stays in red below 1.0850 after weak German and EU PMI data

EUR/USD stays in red below 1.0850 after weak German and EU PMI data

EUR/USD stays on the back foot and trades in negative territory below 1.0850. Preliminary July PMI data from Germany and the Eurozone came in below analysts' estimates, making it difficult for the Euro to find demand. Focus now shifts to US PMI report.

EUR/USD News

GBP/USD trades below 1.2900 following UK PMI

GBP/USD trades below 1.2900 following UK PMI

GBP/USD remains under modest bearish pressure and trades below 1.2900 in the European session. The risk-averse market atmosphere doesn't allow the pair to stage a rebound, even though the UK PMI data showed that the private sector continued to grow in July.

GBP/USD News

Gold stays hopeful above $2,400, as US PMI data loom

Gold stays hopeful above $2,400, as US PMI data loom

Gold price is looking to build on the previous rebound above $2,400 in Asian trading on Wednesday, despite a buoyant tone seen around the US Dollar and the US Treasury bond yields. Gold traders now look forward to the global preliminary business PMI data for fresh trading impetus.  

Gold News

PEPE price poised for a rally after retesting trendline support

PEPE price poised for a rally after retesting trendline support

PEPE price broke out of a descending channel pattern, surging by 12%, but is experiencing a corrective pullback, trading 2.3% lower at $0.0000121 as of Wednesday. 

Read more

Canada Interest Rate Decision Preview: Bank of Canada eyes another rate cut on easing inflation expectation

Canada Interest Rate Decision Preview: Bank of Canada eyes another rate cut on easing inflation expectation

The Canadian central bank is seen cutting rates for the second consecutive meeting and the decision will be announced at 13:45 GMT. Governor Tiff Macklem’s press conference will follow at 14:30 GMT.

Read more

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