Trading Opportunities

Gold to close above $2200 this week or next?

Examining the daily gold chart, it appears there's a potential bullish flagpole pattern forming, indicating a possible forthcoming breakout. If this pattern unfolds, gold prices could rise. This week, gold attempted to breach $2,200 but faced rejection, dropping to $2,080...

Tokyo Inflation to trigger yen Intervention? But at what price?

Recent remarks made by Masato Kanda, Japan's vice-finance minister for international affairs, have led to heightened cautiousness regarding potential actions by authorities to support the yen through intervention. The USD/JPY has comfortably surpassed the 150.000 threshold, which historically has prompting interventions......

3 Commodities to watch closely this week

This week's spotlight shines on cocoa, where record-breaking futures prices signal supply shortages due to poor harvests in key producing countries like Ivory Coast and Ghana. European gas futures remain elevated amidst regional tensions following recent attacks, while gold's trajectory...

This week’s 4 major trading events

In the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday. Economic data in Europe will be limited this week due...

Fed keeps rates steady, Banxico up next

The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023. In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow. ...

Gold: pressure building ahead of Fed rate decision

Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained...

Market Surprise? June Rate Cut Might Be Delayed

After today’s BOJ and RBA interest rate decisions, eyes will turn to the Fed’s decision on Wednesday. Although the US central bank is expected to keep rates unchanged, it could change its outlook due to the upside surprise in the latest...

BOJ to deliver 1st hike in 17 years tomorrow?

There is possibly no bigger trading event this week than the Bank of Japan’s decision on Monday. The groundwork for abandoning negative interest rates has been subtly laid since last year, and now, this could very well be the month...

Currency most likely to rebound against USD next week?

Next week's Federal Reserve interest rate decision possibly just got a lot more interesting. Last night we got PPI data. In February, the producer price index, a key gauge of wholesale inflation, surged by 0.6%, surpassing expectations by more than double. ...
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