Forex

Fed vs. Banxico: USD/MXN forecast

The US Federal Reserve (Fed) is set to announce its decision on Wednesday, followed by the Bank of Mexico (Banxico) on Thursday. Forecasts suggest that both central banks will maintain their current interest rates. Recent indications from Banxico suggest a...

Trading this week’s fundamental events

The market's attention will be fixed on the Federal Reserve's final policy meeting of 2023 scheduled for this Wednesday, with the expectation that the US will maintain interest rates at a 22-year high. Investors will have an opportunity to scrutinize...

21% chance BoJ hikes rates on 19 Dec!

There is currently a 21% probability that the Bank of Japan (BoJ) will raise interest rates during its upcoming meeting on December 19. This would really send shockwaves through yen pairs on the day. Yesterday’s huge gains in the yen...

Bitcoin Peaks at $42,000 – What’s Next?

In a new surge of momentum fuelled by widespread optimism that the U.S. securities regulator may soon approve a spot bitcoin ETF, Bitcoin briefly surpassing $42,000 to reach a 20-month high. There is a sense of optimism in the space...

Possible opportunity in Aussie vs USD this week?

Attention will be paid to key economic indicators that roll out over the course of the week such as the Non-farm Payrolls jobs report, JOLTs job openings, and the ISM Services PMI survey. The Reserve Bank of Australia (RBA) is...

Morgan Stanley and BofA’s 2024 EUR/USD Predictions

Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to...

Gold’s Outlook: Beyond $2,000 with Eyes on Powell’s Address

Gold reclaimed the US$2,000 threshold yesterday, marking its return to this level for the first time since May, after the US dollar weakened against most major currencies on Monday. The US dollar is now on track for its largest monthly...

AUD/USD: The impact of Xi-Biden’s San Fran face-off

The AUDUSD and NZDUSD led the rally against the US dollar yesterday and are doing the same again today. The surprising low inflation number from the US is what caused the rally yesterday. But today we have a new event...

Forget USDJPY: Time to watch GBPJPY for intervention?

The UK’s inflation rate due this week (early early Wednesday morning), and there is a huge projected drop in the reading from last month, from 6.7% to 4.8%. This huge drop leaves a lot of room for disappointment, and higher...
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