Forex

Outlook for EUR/USD: Davos Insights and Fed Speeches

Several ECB officials are expressing opposition to rate cuts, potentially helping to curb losses in the EUR/USD, which is currently testing the 61.8% Fibonacci level after a more than 0.7% drop. Davos has prompted ECB officials to share their views...

EUR/USD Analysis: Targeting a breakout to the downside?

The EUR/USD currency pair seems poised for a technical breakout. Analysing the 8-hour chart reveals a consolidation phase from the start of the year, following a decline below 1.1000, with this mark acting as a resistance level on two occasions...

3 currencies to watch this week: GBP, JPY, CAD

Our primary focus will be on the British Pound, as several significant reports are scheduled from Britain. On Tuesday, we have the unemployment rate, followed by the crucial inflation rate on Wednesday, and retail sales data on Friday....

GBP/USD: Forecasting the Week Ahead

Following the latest US Consumer Price Index (CPI) data, keeping a close watch on upcoming public addresses from Federal Reserve officials is crucial for insights into the direction of the US dollar. Given recent developments, traders shouldn't be surprised if...

Bitcoin forecast: buy the rumor and sell the news?

The adage "buy the rumor and sell the news" might apply to Bitcoin with BlackRock and Fidelity’s potential Bitcoin ETF approval on the horizon. In the event that the SEC denies the ETFs, market participants might eye downside targets below...

Inflation data week: 7 trade opportunities to watch

This week, the focus of many traders will be on US inflation data, which will provide valuable insights into the Federal Reserve's monetary policy outlook. The forecasts indicate a potential 0.2% increase in both headline inflation for December and the...

What’s next for Gold after $2,100 record? PCE report in sight

As attention in the financial markets shifts towards the upcoming US Personal Consumption Expenditures (PCE) inflation report set for release on Friday, its significance becomes apparent. This report holds the potential to provide crucial insights into future monetary policy adjustments....

Trade of the week: GBPJPY?

Data emanating from Britain and Japan this week could mean that the GBPJPY is the currency to watch this week. Japan's Bank of Japan (BoJ) is set to announce its final interest rate decision of the year on Monday. Expectations...

Gold Hits $2,000 After Fed’s Surprise, But for How Long?

The Federal Reserve kept its interest rate as 5.25%-5.5% for its December 2023 decision (staying unchanged for a third consecutive meeting). This was in line with expectations, but the big news is that they indicated 75 bps cuts in 2024....
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