Trading Opportunities

$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...

Can AUD/USD claim more ground above 0.6500?

AUD/USD has been making a short-term comeback from its 2024 low, crossing the 0.6500 mark due to a weaker Dollar. But is its downtrend intact still, or are we seeing the start of a sustained turnaround?  Looking at the 4-hour chart,...

Anticipation builds for Bitcoin halving event

Bitcoin is currently holding strong above the $50,000 mark in anticipation for the event known as "the halving." The Bitcoin halving is a regularly scheduled event that occurs approximately every four years, where the reward for miners is halved. Historical data indicates...

Gold tumbles: Eyes on UK inflation next

The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July.  The unexpectedly high US inflation figures have led to a reassessment of...

Preparing for markets to overreact to US inflation?

The week has started slowly in FX, largely attributed to the closure of most Asian markets for New Year holidays. But this quiet period is likely coming to an end, driven by the impending release of U.S. inflation data on...

NZ Economist’s bold call opens opportunity in NZD?

Sharon Zollner, chief economist at ANZ (the country’s largest retail bank), says the RBNZ may lift interest rates to 6% at its next meetings in February (27th) and April. Zollner accounts for 25 basis points in each meeting.  This could potentially open some...

Bullish or bearish signs build in USD/JPY?

The USD/JPY surpassed a crucial resistance level at 148.650 on Thursday and hit its highest value since November 2023.  The obvious next step is of course to explore the 150.00 threshold. However, any incremental advance beyond this point should be eyed...
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