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Summary
This is one of the easiest trades to take, once you "see" them. But if you see these trades, you are one of the few traders who is able to see these simple (and powerful) support and resistance trades. We will look at the current Surprise! support and resistance trades in the market and look ahead to future trades that are likely to show up in the market in the future.Latest Live Videos
Editors’ Picks
AUD/USD slips below 0.6700 amid hawkish Fed stance despite RBA’s minutes
The Australian Dollar registered losses of 0.03% against the US Dollar as Federal Reserve officials hitting the wires were reluctant to hint at when rate cuts begin. Consequently, US Treasury bond yields fell, while the Greenback stood tall, flat at around 104.62. The AUD/USD trades at 0.6668 as Wednesday’s Asian session begins.
EUR/USD flattens out near 1.0850 as data looms
EUR/USD stuck closely to familiar levels on a sedate Tuesday market session. Talking points from Fed officials dominated headlines, but provided little new information for investors to digest, keeping risk appetite suppressed and stapling bids close to opening prices.
Gold retreats from peak high amid Fed wary stance
Gold price retraces during Tuesday’s North American session after hitting an all-time high of $2,450. Yet it retreated below the April 12 high of $2,431 as the Greenback recovers some ground. The XAU/USD trades around $2,418, after reaching a high of $2,433.
DeFi and Layer 2 coins rally following Ethereum's rise
Ethereum ecosystem tokens have surged following ETH's recent rally after optimism that the Securities & Exchange Commission would approve spot ETH ETFs.
RBNZ expected to keep key interest rate on hold as inflation pressures persist
The Reserve Bank of New Zealand is widely anticipated to maintain the OCR at 5.50%. The language in the policy statement is expected to remain hawkish. The New Zealand Dollar has room to extend its bullish momentum.