Forex

Gold Targets if the Fed Pauses Rate Hikes

Gold has managed to surge its way to US$2,020/oz, taking full advantage of the renewed weakness in the dollar price and treasury yields. Recent data from the US showed a slowdown in the services sector growth, fewer private company job...

Is this the End of US Dollar Dominance?

The US dollar's position as the primary global reserve currency is being challenged as countries become eager to insulate themselves from Washington’s influence. For decades, the dollar has dominated the global monetary system. Currently, about 60 percent of foreign exchange...

Will Bitcoin Climb or Collapse as Bank Chaos Subsides?

Which way will Bitcoin break out of last week’s range? On screen I have highlighted the price range between $29,000 and $26,700, representing the high and low of the week-long ranging period. The price has flirted with a break to...
gbp

GBP & Gold React to UK Inflation and US Rate Hike

Two significant events have occurred within the past 12 hours, causing both GBPUSD and gold prices to surge. The first event was the unexpected rise in UK inflation, which jumped from 10.1% in January to 10.4% in February 2023, marking...

USD Hangs in the Balance: Bank Chaos vs. Inflation

The US Federal Reserve is about to begin its two-day policy meeting and will announce its latest interest rate decision 48 hours later. During the meeting, officials will weigh the possibility of raising interest rates due to inflation, which is...

Credit Suisse Woes Threat to ECB Rate Hike and EUR Trade

After a brief period of calm following the collapse of Silicon Valley Bank, Credit Suisse disclosed "material weaknesses" in their financial reporting controls and ongoing customer outflows......

US Rate Hikes in Jeopardy?

Over the past few days, we have seen the second and third largest bank failures in US history. A question remains whether we have seen the last of these failures and what other ripple effects could occur. In the currency...

Battle of the Bankers: USD/CAD in Focus

The USD/CAD might be a popular pair to trade this week with the Bank of Canada (BoC) releasing its latest interest rate decision at the exact same time that US Federal Reserve Chairman begins the second day of his Semiannual...

Forex Alert: Fed Officials’ Six-Hour Speech Marathon

Will the numerous appearances of US Federal Reserve officials rock the market during the closing hours of this trading week? Over the course of six hours leading up to the market's closing this week, we will hear from Lorie K....
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