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 edges above 1.1600 near six-week lows
EUR/USD holds ground after three days of losses, trading around 1.1610 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator, currently at 35 (neutral-bearish), shows momentum skewed to the downside.
GBP/USD remains below 1.3400 as US Dollar gains on Fed caution bets
GBP/USD edges higher after registering modest losses in the previous session, trading around 1.3380 during the Asian hours on Friday. The pair may further lose ground as the US Dollar receives support after Thursday’s US Initial Jobless Claims data, which reinforced expectations that the Federal Reserve will keep interest rates on hold for the coming months.
USD/JPY price tests consolidation breakout near 158.00
The USD/JPY pair trades 0.18% lower to near 158.35 during the early European trading session on Friday. The pair has come under pressure as the Japanese Yen strengthens on verbal warnings of intervention by Japan to counter one-way excessive moves.
Editors’ Picks
EUR/USD edges above 1.1600 near six-week lows
EUR/USD holds ground after three days of losses, trading around 1.1610 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator, currently at 35 (neutral-bearish), shows momentum skewed to the downside.
GBP/USD remains below 1.3400 as US Dollar gains on Fed caution bets
GBP/USD edges higher after registering modest losses in the previous session, trading around 1.3380 during the Asian hours on Friday. The pair may further lose ground as the US Dollar receives support after Thursday’s US Initial Jobless Claims data, which reinforced expectations that the Federal Reserve will keep interest rates on hold for the coming months.
Gold’s rally hits pause near $4,640 as Trump calms Iran fears
Gold price tumbles to near $4,605 during the early Asian session on Friday. The precious metal edges lower as the US Initial Jobless Claims data boost the US Dollar. The US December Industrial Production report will be published later on Friday. Also, Federal Reserve Governor Michelle Bowman is scheduled to speak.
Bitcoin, Ethereum and Ripple rally pauses near key levels
Bitcoin holds above $95,400 on Friday after rallying 5% so far this week. Ethereum and Ripple followed BTC’s footsteps, hovering around key levels after their upside moves.
Why investors are rotating into Asia
This isn’t “Sell America” — it’s “Buy breadth.” Investors are diversifying away from narrow US leadership and looking for returns that aren’t concentrated in a handful of mega-caps.
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