Most retail active traders struggle to achieve profits. Banks and institutions are very profitable. During this session, Sam will show you exactly why this is and how you can learn to buy and sell where Banks and Institutions do.
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 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 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.
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.
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.