Merlin Rothfeld
Online Trading Academy
China stirred up the global currency war today with a devaluation of their currency, which could be the first of many. Merlin welcomes Tim Pesut to the show to talk about the ramifications of China’s action and how it may create trading opportunities going forward. The duo also look at several listener questions regarding the EURJPY cross pair and specific trade setups.
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Editors’ Picks
EUR/USD flirts with daily tops near 1.1650 ahead of Fed
EUR/USD manages to regain the smile on Wednesday, trading with decent gains around 1.1650, or daily peaks. The pair's daily advance comes in response to further losses in the US Dollar as market participants get ready for the upcoming FOMC gathering, where the Fed is widely expected to lower its interest rates by a quarter point.
GBP/USD advances to 1.3350 amid USD selling
GBP/USD sets aside two daily declines in a row and manages to regain some balance beyond the 1.3300 hurdle on Wednesday. The better tone around Cable follows the renewed downside bias in the Greenback ahead of the much awaited interest rate decision by the Federal Reserve.
USD/JPY holds onto gains near 157.00 ahead of Fed’s monetary policy
USD/JPY trades firmly near the two-week high around 157.00 ahead of the Fed’s policy announcement. The Fed is expected to cut interest rates by 25bps to 3.50%-3.75%. The Japanese economy declined at a faster pace of 0.6% in the third quarter this year, revised data showed.
Editors’ Picks
EUR/USD flirts with daily tops near 1.1650 ahead of Fed
EUR/USD manages to regain the smile on Wednesday, trading with decent gains around 1.1650, or daily peaks. The pair's daily advance comes in response to further losses in the US Dollar as market participants get ready for the upcoming FOMC gathering, where the Fed is widely expected to lower its interest rates by a quarter point.
GBP/USD advances to 1.3350 amid USD selling
GBP/USD sets aside two daily declines in a row and manages to regain some balance beyond the 1.3300 hurdle on Wednesday. The better tone around Cable follows the renewed downside bias in the Greenback ahead of the much awaited interest rate decision by the Federal Reserve.
Gold aims north ahead of Fed’s announcement
Gold is a touch softer on Wednesday, even with the US Dollar easing and US Treasury yields reversing part of their recent robust multi-day recovery. The yellow metal remains cautious ahead of the widely expected 25 bps rate cut from the Fed and the release of an updated "dots plot".
Federal Reserve expected to cut interest rates as disagreement among officials grows
The United States (US) Federal Reserve (Fed) will announce its interest rate decision on Wednesday, with markets widely expecting the US central bank to deliver a final 25 bps cut for 2025.
Q3 ECI: Cooling compensation growth a sign of jobs market softening
This morning's Employment Cost Index (ECI) reading offered additional evidence that the gradual softening in the labor market is translating to slower compensation growth.
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