Good morning Traders Podcast listeners! Today on Episode 428 your host Rob Booker interviews Juan Colon, co-founder and CEO of Darwinex. This is a great new up and coming way for traders and investors to make connections. Contact Darwinex at: info AT darwinex DOT com if you would like to receive more information! Thanks for listening!
Editors’ Picks
EUR/USD posts lowest daily close since December Premium
A strong US Dollar sent EUR/USD to reach a new low at 1.0488. The pair later stabilized around 1.0500, marking the lowest daily close since December 2022. The overbought US Dollar remains robust, driven by risk-off sentiment. Spain and Germany are set to release inflation data on Thursday.
GBP/USD rebounds modestly to 1.2150
GBP/USD reached a new multi-month low at 1.2110 and then rebounded modestly, finding resistance at the 1.2150 area. A strong US Dollar, suppored by risk aversion and higher Treasury yields, keeps the pair under pressure.
USD/JPY holds ground above 149.00 aligned to high since November
USD/JPY extends its three-day winning spell amid strength in the US Dollar. The US Dollar Index extended upside to near 106.30 despite Consumer Confidence dropping in September. Higher wage growth is required to keep Japanese inflation stable above 2%.
Editors’ Picks
EUR/USD posts lowest daily close since December Premium
A strong US Dollar sent EUR/USD to reach a new low at 1.0488. The pair later stabilized around 1.0500, marking the lowest daily close since December 2022. The overbought US Dollar remains robust, driven by risk-off sentiment. Spain and Germany are set to release inflation data on Thursday.
GBP/USD rebounds modestly to 1.2150
GBP/USD reached a new multi-month low at 1.2110 and then rebounded modestly, finding resistance at the 1.2150 area. A strong US Dollar, suppored by risk aversion and higher Treasury yields, keeps the pair under pressure.
Gold collapses below $1,900 as fears back the USD Premium
Gold price turned south and dropped below $1,880 for the first time since March on Wednesday. After a downward correction in the European session, the benchmark 10-year US Treasury bond yield regained traction and rose toward 4.6%, causing XAU/USD to stretch lower.
Top 3 Price Prediction: BTC upward potential under threat
Bitcoin (BTC) along with Ethereum (ETH) and Ripple (XRP) prices are all at Catch-22 moments, testing key levels that will determine the next directional bias. Depending on how bulls play their hand, the next few hours could be a make or break moment for the top three leading cryptos.
Dow Jones Industrial Average Forecast: Risk of US government shutdown sends DJIA lower
The Dow Jones Industrial Average (DJIA) loses more ground on Wednesday. Anxiety is still top of mind with rebellious members of the US House of Representatives refusing to allow continuing spending bills to reach the floor for a vote.
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