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 meets some contention near 0.6900… for now
AUD/USD builds on Friday’s losses and comes close to the 0.6900 neighbourhood following the closing bell on Wall Street on Monday. The stronger Greenback weighed on the risk complex, prompting the Aussie to extend its pullback from last week’s tops. Moving forward, the RBA is expected to hike its OCR by 25 basis points on Tuesday.
EUR/USD loses the grip, returns to the sub-1.1800 zone
EUR/USD extends its daily pullback, slipping below the 1.1800 mark and hitting fresh multi-day lows ahead of the opening bell in Asia. The move reflects renewed strength in the US Dollar, with investors continuing to digest the so-called “Warsh trade” while weighing the latest US data releases.
Gold looking to stabilize below $4,700
Gold remains under heavy pressure in quite a negative start to the week, hovering around the $4,600 region per troy ounce and retreating for the third day in a row. The yellow metal’s decline comes amid strong gains in the US Dollar, the broad-based rebound in US Treasury yield and the deep sell-off in the precious metals’ space.
Ethereum Price Forecast: ETH bounces off $2,150 as Bitmine stretches holdings above 4.28 million ETH
Ethereum (ETH) treasury firm Bitmine Immersion Technologies (BMNR) scooped 41,788 ETH last week in another round of weekly ETH acquisition.
Warsh effect ripples through markets, central banks on deck this week
The first full month of the year is behind us, and, honestly, it has been rather more dramatic than most had anticipated when toasting the New Year. We wrapped up last week with US President Donald Trump announcing his Fed Chair pick.
Here is what you need to know on Tuesday, February 3:
The US Bureau of Labor Statistics (BLS) advised markets on Monday that Friday's scheduled publication of the latest Nonfarm Payrolls (NFP) jobs data package will be suspended until federal government operations resume.