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 holds above 0.6600 after RBA's cautious hold decision
AUD/USD is holding steady above 0.6600 in the Asian session on Tuesday, after seeing a brief dip on the Reserve Bank of Australia's (RBA) policy announcements. The RBA held the OCR at 3.6% but warned about inflation risk, keeping a cautious tone on the interest rate path. RBA Governor Bullock's presser eyed.
USD/JPY remains capped by 156.00 amid renewed USD selling
USD/JPY is consolidating its uptick to near 156.00 in the Asian session on Tuesday. The US Dollar faces renewed selling pressure amid a cautious mood and dovish Fed expectations. Meanwhile, traders assess the potential impact of a strong earthquake in Japan. The immediate focus now is on BoJ Governor Ueda's speech.
Gold buyers still hopeful ahead of US jobs data, Fed
Gold keeps its range trade intact around $4,200 as the Fed’s two-day monetary policy meeting begins later on Tuesday. US Dollar loses ground with Treasury bond yields even as the mood turns cautious. Gold’s daily chart shows that the bull-bear tug-of-war will likely continue ahead of US jobs data.
Top Crypto Gainers: Canton, Zcash, and Luna Classic rally roster double-digit gains
Privacy coins, including Canton and Zcash, alongside Luna Classic, rank among the top gainers in the broader cryptocurrency market over the last 24 hours, with double-digit gains.
Big week ahead: Fed poised to cut as Canada, Australia and Switzerland hold steady
This week we get a lot of data releases but the biggie is all those central bank decisions. Canada, Australia and Switzerland are expected to stay on hold, but the Fed is expected to cut.
Here’s what to watch on Tuesday, December 9:
The US Dollar Index (DXY) held its ground on Monday, trading above the 99.00 level during American hours as market participants await the Federal Reserve (Fed) interest rate decision and the release of a fresh Summary of Economic Projections (SEP).