Forex

25% chance of RBNZ rate hike on Tues?

The Reserve Bank of New Zealand (RBNZ) is likely to maintain its interest rate at the existing 5.50%, yet there might be a notable 25% probability of a 25-basis points hike. Why? In part, the RBNZ provided a hawkish signal...

Next week’s key events for traders

Stay ahead in the forex market with insights into upcoming events, including Japanese inflation, RBNZ rate decision, US Fed speeches, and Euro Area inflation, influencing key currency pairs in the week ahead...

USDJPY watch: Inflation release to shape yen’s path?

Japan's economy recently slid to the fourth-largest position, trailing Germany. This shift is primarily attributed to a weakened Japanese yen. In 2023, Japan's GDP stood at approximately $4.2 trillion, while Germany's was around $4.45 trillion. The weakness in the Japanese...

Trade idea: Canadian inflation data tomorrow

On Tuesday, February 20, Canada will unveil the latest inflation data. It is anticipated that headline annual inflation will decrease to 3.2%, marking its first deceleration since October 2023, compared to December's figure of 3.4%. Bear in mind, the Bank...

This week’s focus: 3 Central Bank Meeting Minutes

Without many scheduled events occurring this week, traders will be focusing on the meeting minutes from the RBA, Fed, and the ECB. In Australia, the release of minutes from the RBA on Monday is anticipated to provide additional insights into...

Can AUD/USD claim more ground above 0.6500?

AUD/USD has been making a short-term comeback from its 2024 low, crossing the 0.6500 mark due to a weaker Dollar. But is its downtrend intact still, or are we seeing the start of a sustained turnaround? Looking at the 4-hour...

Anticipation builds for Bitcoin halving event

Bitcoin is currently holding strong above the $50,000 mark in anticipation for the event known as "the halving." The Bitcoin halving is a regularly scheduled event that occurs approximately every four years, where the reward for miners is halved. Historical...

Gold tumbles: Eyes on UK inflation next

The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of...

Preparing for markets to overreact to US inflation?

The week has started slowly in FX, largely attributed to the closure of most Asian markets for New Year holidays. But this quiet period is likely coming to an end, driven by the impending release of U.S. inflation data on...
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