Trading Opportunities

Gold rally unlikely after strong US GDP data?

The United States revealed a 3.3% annualized GDP for the three months ending in December earlier today, surpassing the market's 2.0% forecast. The likelihood of an early-year Fed rate cut seems to have diminished even further now, helping curb weakness...

Time to Brace for GDP (and USD) Downside Surprise?

This Thursday marks the release of the initial estimate for the fourth quarter of 2023 GDP in the United States. If predictions hold true, there will be a noticeable deceleration in economic growth, with the market anticipating an annualized growth...

AUD/USD Trade alert: Strong USD vs RBA’s rate decision

Talk of a US$278 billion (1 trillion yuan) rescue package for Chinese shares might not be enough to support AUD/USD. Countering this positive signal for the AUD is general US dollar strength, caused by a shift in the market regarding...

Decide: Buy or Sell – Netflix vs. Tesla Earnings

Some analysts anticipate that Netflix's stock could reach a new 52-week high above $500 per share following the release of its fourth-quarter earnings report this Tuesday. The $506 mark is considered a target, representing the price it fell to at...

Currency to watch this week: Japanese Yen

The three big events of this week will likely be the BoJ, BoC, and ECB interest rate decisions. Even though we aren't expecting to see any rate cuts or rate rises from any bank, we are looking forward to the...

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...
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