Market Insights
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Market Insights
Bitcoin’s 10% Surge: Insights from False ETF Approval Rumors
Key Points: Bitcoin surged 10% on fake news of SEC approving BlackRock’s ETF. After correction, Bitcoin maintains a 5% gain, indicating strong market anticipation. The rumor’s impact may signal future reactions to actual SEC decisions. On Monday, Bitcoin spiked nearly 10% from $27,900 to over $30,000 following a false report from Cointelegraph claiming the…
17 October 2023
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Market Insights
Oil Prices Surge to 2023 Highs: Assessing New Support Levels
Key Points: WTI crude futures hit a 2023 high above $94 per barrel. A significant drop in US crude inventories and OPEC+ supply cuts drove the price surge. Concerns about future price dips and corrective pressures persist. WTI crude futures soared by 3.5% on Wednesday, reaching their highest settlement price of 2023 at over…
28 September 2023
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Market Insights
Gold’s Jackson Hole Rally: Key Levels to Watch
Key Points: Gold prices rose due to lower bond yields and a weaker USD. Potential upside is limited around $1920; downside risks focus on $1880 and $1885. Jerome Powell’s upcoming Jackson Hole speech could shape gold’s near-term movement. Gold prices have surged from $1900 to $1916 this week, buoyed by lower bond yields and a…
23 August 2023
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Market Insights
32,600 Jobs Added! Aussie Dollar Skyrockets!
Key Points: Australia added 32,600 jobs in June, far exceeding expectations. The Australian dollar surged by over 0.9%, reaching an intra-day high of $0.6834. Market sentiment is bullish, with both short and long-term momentum favoring the Aussie. Australia’s impressive employment report for June, showing a net increase of 32,600 jobs, has driven the Australian dollar…
20 July 2023
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Market Insights
Fed Minutes Reveal Cautious Optimism: What’s Next for USD?
Key Points: Fed officials expect future rate hikes but held off in June due to concerns about over-tightening. The US Dollar strengthened, impacting GBP/USD and EUR/USD, with potential bearish targets for GBP/USD below 1.2700. EUR/USD declined further, breaking below the 20-day simple moving average. During the June meeting, the Federal Reserve’s minutes, released on Wednesday,…
05 July 2023
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Market Insights
US Inflation Data Could Spark Trading Opportunities
Key Points: Traders expect a 74% chance of the Fed pausing rate hikes this week. A significant drop in CPI is anticipated, which could influence market sentiment. Key assets to watch include US indices, US dollar pairs, and gold. The next two days are poised to be eventful for traders, as a sharp drop in…
12 June 2023
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Market Insights
5 Key Factors Influencing US Dollar Trading This Week
Key Points: Bipartisan agreement on US debt ceiling could shift market sentiment. Fed’s favored inflation measure signals potential rate hike in June. Reduced liquidity on Monday due to holidays, with volatility expected mid-week. US payrolls report on June 2nd could solidify Fed’s hawkish stance. The US dollar faces a week packed with pivotal events…
29 May 2023
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Market Insights
Why the Mexican Peso Surged Against the USD?
Key Points: Mexican peso surged to 17.544, its strongest since July 2017. Banxico’s rate hike to 11.25% supports peso amid diverging US and Mexican monetary policies. Slower-than-expected US inflation sparks speculation of Fed pausing rate hikes. The Mexican peso has recently surged, reaching 17.544 against the US dollar, marking its highest value since July 2017….
10 May 2023
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Market Insights
Preparing for the Worst: Trading Ahead of a US Debt Default
Key Points: Despite the low probability of a US debt default, traders are preparing for potential market impacts. The US dollar could lose its safe-haven status, leading to increased interest in gold and other safe-haven assets. Key date to watch: May 9, when President Biden meets with key Congressional leaders to discuss the debt ceiling….
03 May 2023
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Market Insights
US Inflation Alert: How Will Markets React?
Key Points: March’s inflation data is expected to show a drop to 5.2%, down from February’s 6%. If inflation remains high, traders might anticipate further rate hikes beyond the predicted 25 basis points in May. Market reactions will be influenced by upcoming CPI and PPI reports, as well as the latest FOMC minutes. Investors…
11 April 2023
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Market Insights
Will Bitcoin Climb or Collapse as Bank Chaos Subsides?
Key Points: Central banks are under pressure ahead of significant decisions. The Bank of Japan’s (BOJ) decision is highly unpredictable. The Federal Reserve (Fed) is expected to maintain current rates. The Bank of England’s (BOE) decision is closely contested. The upcoming week is crucial for central banks as the Bank of Japan (BOJ), Federal Reserve…
27 March 2023
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Market Insights
Yen Traders Eye Opportunities as BOJ Welcomes New Leadership
Key Points: Kazuo Ueda’s stance on Japan’s monetary policy remains ambiguous, fueling uncertainty in JPY pairs. Traders are speculating on potential policy shifts under Ueda, who begins his term on April 8, 2023. The yen’s reaction to Ueda’s forthcoming statements and policies could create significant trading opportunities. Kazuo Ueda, the new governor of the Bank…
27 February 2023
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