Forex

Stock Surge Leaving Bitcoin Behind?

The longstanding correlation between the Nasdaq and Bitcoin took a hit today as the two markets diverged, signaling potential shifts in investor sentiment. This breakdown could be a precursor to broader market volatility, particularly as Nvidia prepares to release its...

Gold’s Uptrend Intact? ATH Remains Unbroken

Gold extended its rally on Monday as mounting expectations for a Federal Reserve rate cut in September fueled demand for the safe-haven asset. Powell gave the green light on interest rate cuts during his speech at Jackson Hole last Friday....

Jackson Hole Aftermath Sparks 25 or 50bps Debate

Federal Reserve Chair Jerome Powell signaled a rate cut in September during his speech at the Jackson Hole Symposium last Friday. In response, the British pound surged over 1%, climbing above $1.322, its highest level since March 2022. Meanwhile, the...

Why the EUR/USD Could be Overextended?

The euro surged to its highest level in a year yesterday, marking a fourth consecutive day of gains, before turning red. This rally suggests growing market confidence that the eurozone may avoid a hard landing....

FOMC & 800K Fewer Jobs Dragging on Dollar

The dollar is under pressure, with persistent selling pressure driving it to new yearly lows across several currencies, including the pound. A recent revision of jobs data revealed that U.S. job growth was significantly weaker than initially reported, with 818,000...

Does the USD/JPY Bounce Have More to Give?

Credit Agricole anticipates a potential rally in USD/JPY this week, hinging on market reactions to Federal Reserve Chair Jerome Powell’s upcoming address at Jackson Hole. The bank suggests that traders might need to recalibrate their expectations for Fed rate cuts....

Asian Currencies May Stall as Jackson Hole Looms

Investors will be watching a series of key Asian central bank decisions and inflation reports this week, as regional currencies rally to annual highs. The Bank of Korea is set to announce its rate decision on Thursday, followed by inflation...

The Scenario for New EUR/USD 2024 Highs?

Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in...

What to Expect at Jackson Hole Next Week?

Traders will next hear from Federal Reserve Chair Jerome Powell during his highly anticipated address at the Jackson Hole Economic Symposium. The key question hanging over the market: Will Powell use this speech to pave the way for a potential...
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