Trading Opportunities

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....
BOJ Japanese yen

Yen traders look for opportunity as BOJ gains new leader

The new governor of the Bank of Japan, Kazuo Ueda, is currently in the spotlight as traders attempt to determine how closely he will adhere to his predecessor's ultra-loose monetary policies. Despite inflation in Japan reaching a 40-year high, Japanese...

USD Index targets 104.820 after US Federal Reserve meeting?

We have learned that almost all US Federal Reserve officials backed a 25-basis-points rate hike at the last FOMC meeting held on January 31 to February 1. Only a few officials favored a larger 50-basis-points hike at the meeting or...
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