Trading Opportunities

Gold trade: Is the outlook too pessimistic?

A few weeks ago, there was widespread belief in the markets that the U.S. central bank would implement more than 160 basis points of easing in 2024. However, these expectations have substantially moderated since then, leading to a bearish reversal...

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...

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...

Gold: $2,025 – After US Inflation, What’s Next?

Gold's short term prospects might be dependent on upcoming US inflation data for December. XAU/USD currently trades at $2,025, stepping back from an intraday high of $2,042. On Thursday, the US will release the Consumer Price Index for December. The...

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...
Join Now