Forex

NZ Economist’s bold call opens opportunity in NZD?

Sharon Zollner, chief economist at ANZ (the country’s largest retail bank), says the RBNZ may lift interest rates to 6% at its next meetings in February (27th) and April. Zollner accounts for 25 basis points in each meeting. This could...

Bullish or bearish signs build in USD/JPY?

The USD/JPY surpassed a crucial resistance level at 148.650 on Thursday and hit its highest value since November 2023. The obvious next step is of course to explore the 150.00 threshold. However, any incremental advance beyond this point should be...

GBP/USD Alert: Next Week’s Inflation Forecast

The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch. On February 14, U.S. inflation rate data is...

USD opportunity? Market overestimating March rate cut?

The market is only pricing in a 30% chance of a rate cut from the US Fed in March now. Is this probability too high still? Jerome Powell spoke after the latest FOMC decision yesterday and noted that it was...

This week’s two best trading opportunities?

First opportunity AUD/USD: Australian inflation data released Tuesday evening, might make the AUD/USD the most interesting pair to watch this week. This is because inflation will likely come in higher than 4.0% still. Less than 24 hours later, we then...

Time to Brace for GDP (and USD) Downside Surprise?

This Thursday marks the release of the initial estimate for the fourth quarter of 2023 GDP in the United States. If predictions hold true, there will be a noticeable deceleration in economic growth, with the market anticipating an annualized growth...

AUD/USD Trade alert: Strong USD vs RBA’s rate decision

Talk of a US$278 billion (1 trillion yuan) rescue package for Chinese shares might not be enough to support AUD/USD. Countering this positive signal for the AUD is general US dollar strength, caused by a shift in the market regarding...

Currency to watch this week: Japanese Yen

The three big events of this week will likely be the BoJ, BoC, and ECB interest rate decisions. Even though we aren't expecting to see any rate cuts or rate rises from any bank, we are looking forward to the...

USD/JPY: Retests to kill its momentum?

The USD/JPY experienced a notable surge from 144.50 as the week commenced, surpassing the 61.8% retracement level from the November-December downturn. It breached its 100-day MA, demonstrating a one-way move that resulted in a gain of 400 pips. Since the...
Join Now