The trading rooms are the opportunity to trade together with our traders!
The rooms are available for our traders three times a week, both PM and during the level 1 process.
In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.
In today’s trading room, we discussed the dollar flying against other currencies, as we see the DXY reaching a top at 107.00.
Mostly against the European basket, the Dollar remains very strong. As Ruben explained, there are two mains reasons for that:
1- European economies didn’t start to fight inflation, in opposition to the US, which had already hiked its interest rate several times.
2- The Dollar remains strong against worldwide inflation and a risk-off environment.
Also, Ruben had an explanation regarding the forecast on Oil. JP Morgan expects the oil price to reach $380 if Russia cuts exportations.
Finally, Ruben discussed several CAD pairs and managed an interesting trade on Gold in a consolidation zone.
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