Asia FX mixed as yen steadies amid JGB rout; won rebounds, rupee hits record low

AUD technicals The AUDUSD is sharply higher today, up 0.84% on the session, and making a decisive break away from a significant technical confluence of moving averages. The rally has propelled the pair above: That tight MA cluster had previously acted as a magnet for price and a ceiling during consolidation last week, but today’s…

Trading Room December 16, 2024 | 6:04 pm | The 5%ers’ Blog > Trading Room December 16, 2024 | 6:04 pmThe 5%ers’ Blog > Trading Room Live Trading Room The trading rooms are the opportunity to trade together with our traders! In the trading rooms, we will all interact, scan, and analyze the markets and…

🥊 Revenge Trading — When Your Emotions Try to “Win Back” the Market 🎯 The Lesson You take a loss.You feel irritated, embarrassed, frustrated — sometimes all at once.And suddenly a powerful thought appears:“I’m getting that money back. Now.”So you enter another trade, fast and emotional.That is revenge trading — and it’s one of the…

UBS advised investors to sell any potential short-term gains in the US dollar, adopting a more bearish stance on the currency for the medium term. The firm anticipates a possible corrective rebound in September, particularly if the Federal Reserve’s hesitancy to implement rate cuts greater than 25 basis points aligns with the seasonal trend of…