Trading Opportunities

Bitcoin peaks, then plummets + AI tokens await NVIDIA Conference

Bitcoin has just hit a new all-time high, surpassing the previous record set in November 2021 by a couple hundred dollars on some exchanges (about $69,300). This could have been a ‘just for the hell of it’ accomplishment, because immediately...

Undervalued Dollar & Democrats’ Influence on Powell’s Rate Cut Plans

Federal Reserve Chair Jerome Powell is scheduled to present his semi-annual monetary policy testimony to the House and Senate starting this Wednesday. The market will be looking for Powell to provide a more specific timeline for interest rate cuts. Currently,...

Forex preview: NFP, Powell’s testimony, and BoC and ECB decisions

The key events for the week are concentrated mainly between Wednesday and Friday. In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course...

How much longer can the Kiwi sell off?

On Wednesday, the Reserve Bank of New Zealand opted to maintain interest rates, coupling this decision with dovish remarks and forward guidance. Danske Bank economists anticipate a continued decline in NZD/USD in the upcoming year, setting a 12-month target at...

Bitcoin touches 64K: Has it found its footing?

On January 22, CNBC's Jim Cramer said that it was " Unlikely that bitcoin finds its footing". However, Bitcoin reached over $63,000 on Wednesday, marking its highest value since late 2021, even briefly touching $64,000 before turning a little lower....

Republican-led shutdown: What’s at Stake for the USD?

We are four days away from a potential partial government shutdown, and negotiations among lawmakers have yet to produce a resolution. On Monday, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Speaker Mike Johnson, and House Minority...

Major events in Euro Area and US on Friday

Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar. Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after...

25% chance of RBNZ rate hike on Tues?

The Reserve Bank of New Zealand (RBNZ) is likely to maintain its interest rate at the existing 5.50%, yet there might be a notable 25% probability of a 25-basis points hike. Why? In part, the RBNZ provided a hawkish signal...

Next week’s key events for traders

Stay ahead in the forex market with insights into upcoming events, including Japanese inflation, RBNZ rate decision, US Fed speeches, and Euro Area inflation, influencing key currency pairs in the week ahead...
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