Trading Opportunities

Middle East conflict up, oil up, gold up, defense stocks up

WTI and Brent crude futures both jumped more than 4% to above $86 and $88 per barrel, respectively, on Monday, after a surprise attack by Hamas on Israel over the weekend. More than 900 Israelis have lost their lives, with...

Is it safe to set sell orders at 150.000 for USD/JPY now?

Did the BoJ secretly intervene in Japanese Yen on Tuesday? And is there more to come? For now, Bank of Japan officials have avoided explicitly stating whether they had stepped into the market to strengthen the yen. After the USD/JPY...

$1,870 or $1,800; Which Direction for Gold?

Gold has now hit a seven-month low at $1,830 just as the US government avoids a shutdown. Over the weekend, the U.S. Congress passed a stopgap funding bill. This means that important government information won't be delayed, and it won't...

Oil Soars to 2023 Highs: Sets New Support Levels? 

WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million...

USDJPY Short? BoJ Intervention and US Gov Shutdown Risks

On Monday, the USDJPY dollar hit an 11-month peak, a move triggered by the Federal Reserve's recent signaling of another potential interest rate hike and an intention to maintain higher rates for longer....
nfp

NFP Alert: Gold to rise on weak numbers?

Focus is growing on the upcoming nonfarm payrolls (NFP) report. In August, it's expected that there will be about 170,000 new jobs (compared to 187,000 in July). The days leading up to this report have had some not-so-great job-related data,...

EURUSD Key levels pivotal as NFP nears

The 4-hour chart on the EUR/USD displays a possible bearish bias, but there are some indications of consolidation after the small rebound observed on Friday. At present, the price is lingering around the 20-day Simple Moving Average (SMA). To improve...

Gold’s Jackson Hole Rally: What’s Next?

Gold is possibly still within its descending channel, though it has discovered a foothold at $1885 and demonstrated an upward shift this week due to a decline in bond yields. However, the anticipation is for the Fed funds rate to...

Gold, Yen, Dollar to Hang on Powell’s Words at Jackson Hole

With treasury yields hovering close to their highest point in the past 15 years, attention is squarely focused on the forthcoming policy speech by Fed Chair Jay Powell this Friday at the Jackson Hole event. The primary interest lies in...
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