Gonçalo Moreira, CMT
Independent Analyst
You need to be logged in to view this content.
Summary
Gonçalo Moreira covered current trade set-ups across many pairs, discussed the intermarket picture, and answered participants questions.
Join TelegramLatest Live Videos
Editors’ Picks
EUR/USD edges higher toward 1.0250 ahead of US inflation
EUR/USD has started to edge higher toward 1.0250 during the European trading hours on Wednesday. Ahead of the highly-anticipated US July inflation report, the dollar is struggling to find demand, helping the pair gain traction.
GBP/USD clings to small gains near 1.2100, eyes on US CPI
GBP/USD trades modestly higher on the day near 1.2100 as market participants prepare for the US Bureau of Labor Statistics to release the July inflation report. The annual CPI in the US is expected to edge lower to 8.7% from 9.1% in June.
Gold retreats to the $1,790 area as US yields edge higher
Gold lost its bullish momentum and declined to the $1,790 area heading into the American session on Wednesday. Ahead of the US CPI data for July, the benchmark 10-year US T-bond yield stays in positive territory near 2.8%, weighing on XAU/USD.
Crypto markets tumble, but the worst is yet to come
Bitcoin price is trying to undo the gains it witnessed over the last week and is currently at the midway point. This sell-off has caused Ethereum and Ripple prices to follow suit, pausing the rallies that altcoins were experiencing.
FXStreet Premium users exceed expectations
_XtraSmall.png)
Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!