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Summary
In this second session of the day with Ed Ponsi, just at the market US opening bell, we will continue our real-time, interactive technical and fundamental analysis of the Forex markets. Together we will view and analyze live charts and news, uncover opportunities for upcoming trades, and answer your questions.
Latest Live Videos
Editors’ Picks
EUR/USD: Fades bounce off 50-day SMA above 1.2100
EUR/USD sellers probe intraday low while defying the previous day’s U-turn from 50-day SMA. Bearish MACD, failures to keep recovery moves from the key SMA favor sellers.
USD/JPY: Sellers elusive even as BOJ minutes sound dovish, take note of yen strength
USD/JPY quiet even as the BOJ minutes signal score for more easing. The minutes call for vigilance on the exchange rate. the BOJ minutes have failed to move the needle on the JPY pairs. The BOJ looks to have run out of ammo, making it look relatively less dovish than its US counterpart.
GBP/USD pressured towards 1.3650 amid risk-off, ahead of UK jobs
GBP/USD remains depressed, heading towards 1.3650. The cable responds to the fresh risk-off mood after flashing a two-day losing streak. UK virus data suggests an improvement in covid conditions, Health Secretary Matt Hancock gives credits to activity restriction measures.
Gold: Bulls target daily extension
Gold is on the verge of an upside extension on a break of weekly resistance. XAU/USD is making progress with respect to the bullish market structure following a period of consolidation in recovery of the daily correction.
WTI eyes to regain $53.00 as vaccine news battles risk-off mood
WTI remains firm at around $52.85 during the early Asian trading on Tuesday. The energy benchmark posted the biggest gains in over a week the previous day as chatters over Iraq’s output cut joined news of a fire in a Russian refinery and dispute in Libya.