Trading Opportunities

Bitcoin touches 64K: Has it found its footing?

On January 22, CNBC's Jim Cramer said that it was " Unlikely that bitcoin finds its footing". However, Bitcoin reached over $63,000 on Wednesday, marking its highest value since late 2021, even briefly touching $64,000 before turning a little lower.     ...

Republican-led shutdown: What’s at Stake for the USD?

We are four days away from a potential partial government shutdown, and negotiations among lawmakers have yet to produce a resolution.  On Monday, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Speaker Mike Johnson, and House Minority...

Major events in Euro Area and US on Friday

Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar. Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after...

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 post its...

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 yen is pressuring...

$3K gold in 2024 according to Citi

Citi bank suggests that gold prices might experience a surge of up to 50%, reaching $3,000 per ounce this year.  This projection is based on two potential scenarios. The first involves a continuation of central banks, particularly those in emerging markets...

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 the banks...
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