Hot off the press — you’re hearing it here first! Your host, Rob Booker, has a very big, wild and crazy announcement for this episode! You don’t want to miss this show. Starting April 1, Rob is hitting the road, and he wants to come and visit YOU (and maybe sleep on your couch…). Listen to this episode to find out how you can participate or at least follow The Rob Booker Trade-for-a-Living Road Tour! No, Rob’s not crazy; he’s a trader!
Editors’ Picks
EUR/USD pressured amid downbeat data, covid concerns
EUR/USD is trading well below 1.18 and down on the day. Markit's US Services PMI missed estimates with 59.8, souring sentiment. Worries about covid provide some support to the safe-haven dollar. The ECB's dovish decision pressures the euro.
GBP/USD hovers around 1.3750 amid after mixed UK data
GBP/USD is holding above 1.3750, clinging to this level after UK Retail Sales beat estimates but Markit's PMIs missed on both sides of the pond. Covid headlines are eyed.
USD/JPY correcting with prospects of upside continuation
USD/JPY is flat on the day so far at 110.16 sticking to a 110.07 and 110.16 range. The US dollar was mixed against G10 FX following the European Central Bank. Reverse head & shoulders could be in the making. There are prospects of a deeper correction to at least the 38.2% Fibonacci if not the 505 mean reversion.
Editors’ Picks
EUR/USD pressured amid downbeat data, covid concerns
EUR/USD is trading well below 1.18 and down on the day. Markit's US Services PMI missed estimates with 59.8, souring sentiment. Worries about covid provide some support to the safe-haven dollar. The ECB's dovish decision pressures the euro.
GBP/USD hovers around 1.3750 amid after mixed UK data
GBP/USD is holding above 1.3750, clinging to this level after UK Retail Sales beat estimates but Markit's PMIs missed on both sides of the pond. Covid headlines are eyed.
XAU/USD eyes a sustained move below key $1799 support
Gold price is trading on the wrong footing this Friday, eyeing the first weekly loss in five weeks, as the US dollar remains at the highest levels in three months.
Cardano might pull back to $1.11 before heading higher
Cardano price pierced the July 18 swing high at $1.21, indicating a resurgence of buyers. Although ADA might try to slice through $1.25, a retracement will likely evolve before tagging $1.37.
US Markit PMIs Preview: Pre-weekend dollar boost? Downbeat figures could exacerbate risk-off mood
Two steps down, one step up – that has been the playbook for risk-averse markets. What happens when traders have little time to act ahead of the weekend and the last word belongs to a downbeat figure?
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