Ed Ponsi, CTA
FXStreet Contributor
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Summary
Ed Ponsi discussed real-time, interactive technical and fundamental analysis of the Forex markets. View and analyze live charts and news, uncover opportunities for upcoming trades, and answer participant questions during webinar.
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Editors’ Picks
AUD/USD retreats sharply from 15-month peak on softer Aussie CPI
AUD/USD attracts heavy selling on Wednesday following the release of softer Australian consumer inflation figures, which temper bets that the RBA could opt for a rate hike next month. Spot prices reverse a major part of the overnight gains to the highest level since October 2024. However, the downside seems limited amid the lack of US Dollar (USD) buying and ahead of a host of key economic releases from the US.
USD/JPY advances above 156.50 as risk-on sentiment undermines Japanese Yen
The USD/JPY pair gains ground to near 156.65 during the early Asian session on Wednesday. The Japanese Yen softens against the US Dollar as the impact of the shock US capture of Venezuelan President Nicolas Maduro over the weekend was short-lived, undermining the safe-haven currency. Traders brace for the US ISM Services Purchasing Managers Index report on Wednesday ahead of the US jobs data.
Gold extends upside to near $4,500 on Venezuela turmoil
Gold price climbs to near $4,500 during the early Asian trading hours on Wednesday. The precious metal rises by more than 1% in the day as geopolitical tensions and expectations of US rate cuts keep demand for gold high. The US ISM Services Purchasing Managers Index report will be published on Wednesday.
Pump.fun prepares for early-year rally as DEX volume skyrockets
Pump.fun (PUMP) is rising alongside crypto majors such as Bitcoin (BTC) and is trading above $0.002400 at the time of writing on Tuesday. The Decentralized Exchange (DEX) native token outlook builds on a bullish tone developed since December 30.
Implications of US intervention in Venezuela
Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.
