Markets had one of the more volatile days in a LONG time! Huge move down and then right back up! Options Master Steve Moses joins Merlin to break down how to handle this skyrocketing volatility! Steve also walks listeners through a current trade he opened this afternoon, which capitalizes on this volatility and will expire in 48 hours! The duo also answer several listener questions, did they answer yours? Tune in and find out!
Editors’ Picks
EUR/USD remains below 1.1750 ahead of ECB policy decision
EUR/USD remains on the back foot below 1.1750 in the European session on Thursday. Traders move to the sidelines and refrain from placing any fresh directional bets on the pair ahead of the ECB policy announcements and the US CPI inflation data.
GBP/USD stays defensive below 1.3400, awaits BoE and US CPI
GBP/USD oscillates in a narrow band below 1.3400 in European trading on Thursday. The pair trades with caution as markets eagerly await the BoE policy verdict and US consumer inflation data for fresh directional impetus.
USD/JPY rises to near 156.00 ahead of US CPI data, BoJ policy decision
USD/JPY moves higher to near 156.00 in the countdown to the US inflation data. Fed’s Bostic sees inflation more worrying than the job market. The BoJ is expected to raise interest rates by 25 bps to 0.75% on Friday.
Editors’ Picks
BoE and ECB policy decisions, US CPI data to trigger wild swings – LIVE
The Bank of England and the European Central Bank will announce monetary policy decisions on Thursday. In addition, the US Bureau of Labor Statistics will publish the first inflation report since the government reopened, ensuring a volatile session.
EUR/USD remains below 1.1750 ahead of ECB policy decision
EUR/USD remains on the back foot below 1.1750 in the European session on Thursday. Traders move to the sidelines and refrain from placing any fresh directional bets on the pair ahead of the ECB policy announcements and the US CPI inflation data.
Gold holds losses below $4,350 ahead of US CPI report
Gold struggles to capitalize on the previous day's move higher and holds its pullback below $4,350 in the European session on Thursday. The downtick could be attributed to some profit-taking amid a US Dollar bounce. All eyes now remain on the US CPI inflation data.
US CPI set to grow at stable 3.1% in November, further complicating the Fed’s dilemma
The US Consumer Price Index is forecast to rise 3.1% YoY in November, a mild uptick compared with September. The inflation report will not include monthly CPI figures.
Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure
Bitcoin price hovers around $87,000 on Thursday, stabilizing after declining earlier this week. US-listed spot ETFs recorded $457.29 million in inflows on Wednesday, the highest single-day inflows since November 11.
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