The New Zealand dollar (NZD) kicks off the week at 0.6116, showing minimal change. However, last week saw a 2% dip, pushing the NZD to a five-week low. Economic challenges persist in New Zealand, with the Performance of Services Index (PSI) revealing three contractions in the second half of 2023. November's PSI improved marginally to 51.2 from
Tag - fundamental analysis
The yen has experienced significant fluctuations in recent weeks, initially gaining ground against the weakening US dollar in December but subsequently losing those gains as the dollar rebounded in January. USD/JPY reached 148.80 on Friday, the highest level since November 28, prompting concerns that if the yen continues to depreciate, the Ministry of Finance might
Swiss National Bank (SNB) President Thomas Jordan has expressed that the recent appreciation of the Swiss franc has reached a point where it could significantly influence the inflation outlook. This observation indicates apprehensions regarding the strength of the Swiss franc and its potential consequences for inflation dynamics.
In November, average pay growth in the UK slowed to 6.5%, down from 7.2% in the previous month, according to the Office for National Statistics. This decline suggests that inflationary pressures have weakened more than anticipated. The decrease in pay growth came as the UK jobs market weakened due to high interest rates and stagnation across much of the economy.
The price of Gold (XAU/USD) has experienced a significant sell-off, dropping to around $2,040 after failing to surpass the weekly high of $2,062…
The World Economic Forum (WEF) scheduled for next week in Davos will address critical geopolitical issues, including talks to end conflicts in Gaza, Ukraine, and Africa. U.S. Secretary of State Antony Blinken, French President Emmanuel Macron, and key Middle East leaders are expected to attend. The economic challenges, such as shifting interest rate policies and rising debt...
Bitcoin halving occurs approximately every four years, reducing the rate at which new Bitcoin is created by half. The last three halvings happened in 2012, 2016, and 2020. The upcoming one is expected in April 2024. This mechanism is designed to control the supply of new Bitcoin, contributing to its scarcity and controlled issuance.
Bearish Scenario: Sales below 80.00 with TP1: 79.34, TP2: 78.94, TP3: 78.55, and 78.00 Bullish Scenario: Buys above 78.00 (wait for a retracement to the zone) with TP: 79.34 TP2: 80.00, and TP3: 81.00
Bearish Scenario: Sales below 1.0978 with TP1: 1.0950, TP2: 1.0938, and TP3: 1.0920 Bullish Scenario: Buys above 1.0932 (wait for a retracement towards the weekly opening) with TP: 1.0978, TP2: 1.10, and TP3: 1.1017
Just a few hours ago, Andrew Bailey, the governor of the BoE gave a speech regarding his testimony, along with Deputy Governor Sarah Breeden, on the Financial Stability Report before the Treasury Select Committee, in London. The speech reflects the commitment of the BoE to continue its projection towards the target inflation rate. Although the speech didn’t yield much market volatility at the time of writing, here are my trade ideas based on the price data.
This Monday, the SCB (Statistics Sweden) published its CPI data which came out 0.1% better than the forecast and 0.2% greater than the previous. This indicates a strengthening of the Swiss economy, and could be a trigger for a decline of other commodities traded against the CHF. Here are some of my trade ideas on that note.
Hey friends, as we prepare for the new month, and the new year, here are some of my anticipated trade ideas for January. Do note, however, that these are long-term views and would therefore require patience as they unfold.