Merlin Rothfeld
Online Trading Academy
Markets continued their bounce on Monday, racing toward all time highs… again! Master trader and instructor Jeff Manson joins Merlin to offer his thoughts on where the markets may be headed in the short term. Jeff uses cycles to offer suggestions on market direction, and the hinge on Tuesday’s trading action! Jeff also offers us some insight into his upcoming “Hour with the Pro’s” this Thursday.
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Editors’ Picks
EUR/USD crashes through 1.1500 as Trump turns up heat on Iran
The EUR/USD pair is collapsing by over 0.60% as the US Dollar remains bid due to its safe-haven status amid the escalation of the Middle East conflict between Israel and Iran, which appears to be broadening as the White House considers its involvement.
GBP/USD tumbles as markets pivot into safe havens on rising Middle East tensions
GBP/USD plummeted over 1.2% on Tuesday, backsliding through near-term congestion and popping out the other side near the 1.3400 handle after global investors were knocked off their pre-seeded hopes that the Israel-Iran altercation would find a quick and peaceful resolution.
USD/JPY Price Forecast: Bulls are taking control, aiming for 145.35 and 146.00
USD/JPY appreciates for the third consecutive day, approaching 145.35 resistance. The Yen is trimming gains after a positive reaction to the BoJ's decision. Technical indicators suggest a trend shift with a potential target above 147.00.
Editors’ Picks
AUD/USD bounces from fresh weekly low, trades below 0.6500
Demand for the US Dollar soared on Tuesday amid escalating tensions between Israel, Iran and now the United States. The AUD/USD pair fell alongside Wall Street, trading below 0.6500 in the early Asian session.
EUR/USD crashes through 1.1500 as Trump turns up heat on Iran
The EUR/USD pair is collapsing by over 0.60% as the US Dollar remains bid due to its safe-haven status amid the escalation of the Middle East conflict between Israel and Iran, which appears to be broadening as the White House considers its involvement.
Gold holds firm below $3,400 as strong Dollar defies global turmoil
Gold prices retreated below the $3,400 level on Tuesday despite deteriorating risk appetite as overall US Dollar strength drove the yellow metal lower. Nevertheless, the escalation of the Israel–Iran conflict would likely underpin the precious metal due to its safe-haven appeal.
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
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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