AUD/USD (Australian Dollar/US Dollar) Strong Buy – Currency Focus and Technical Analysis (15-Minute Chart) March 6, 2024
EUR/USD (Euro/US Dollar) Buy The EUR/USD pair is showing mixed trading around 1.0850, with market participants refraining from rushing into new positions while awaiting the release of macroeconomic data. Today, all eyes are on the testimony of Jerome Powell, Chairman of the Federal Reserve, in Congress, where an announcement of plans to cut borrowing […]
Seeking clues about the timing of US rate cuts through events like the US ADP Employment Report and Powell’s Testimony
Today features several notable events related to the United States. In terms of economic statistics, employment-related indicators like the ADP Employment Report for February and the JOLTS Job Openings for January are likely to draw attention. Other data releases include the MBA Mortgage Applications Index (02/24 – 03/01) and Wholesale Inventories (Final) for January. Market […]
GBP/USD (British Pound/US Dollar) Strong Buy, Featured Currencies and Technical Analysis (15 minutes) March 4, 2024
GBP/USD (British Pound/US Dollar) – Strong Buy The GBP/USD pair is showing slight upward movement, testing a breakout at 1.2660. Pressure on the dollar is evident due to US business activity statistics. EUR/USD (Euro/US Dollar) – Strong Buy The EUR/USD pair is showing a minor uptrend, testing a breakout at 1.0845. Traders are awaiting […]
While there are no major economic indicators today, cryptocurrencies are showing movement again
Today’s market kicks off with a lack of significant catalysts and adjustments ahead of upcoming events. Economic data releases are scheduled for Turkey’s consumer and producer prices (February), Switzerland’s consumer price index (February), and France’s fiscal balance (January) in the early European session. Notable indicators from the UK, Germany, Eurozone, and the US are not […]
From February 26 to March 1, the trading resulted in a total profit of +338,545 USD.
From February 26 to March 1, the trading resulted in a total profit of +338,545 USD. It was the most profitable week ever due to a surge in Bitcoin, as it seemed to lighten above $50,000 as anticipated. Despite some fluctuations, considering factors like Bitcoin ETFs, halving, and expectations of interest rate cuts in the […]
The USD/JPY has risen back to the mid-150 yen range.
The USD/JPY has risen back to the mid-150 yen range. Takata’s comments from the Bank of Japan’s Monetary Policy Board meeting yesterday caused the dollar-yen to drop by over one yen from the upper 150 yen range to the lower 149 yen range. However, today, Bank of Japan Governor Ueda expressed a cautious stance, stating […]
USD/JPY (US Dollar/Japanese Yen) Strong Sell, Featured Currency and Technical Analysis (15-minute chart) February 29, 2024
EUR/USD (Euro/US Dollar) Buy The Euro/US Dollar pair shows ambiguous trading dynamics near 1.0830, with low market activity as traders await the release of inflation statistics that may influence the timing of interest rate reduction programs by the US Federal Reserve and the European Central Bank (ECB). Tomorrow, final inflation statistics for the Eurozone are […]
The impact of Commissioner Takada’s surprise remarks continues, with the focus shifting to the PCE deflator in the United States today.
Commissioner Takada’s comments sparked a surge in yen buying, as market speculation about early negative interest rate removal increased due to statements like “While there is uncertainty, the realization of the 2% target seems to be finally foreseeable” and “It may be okay to lower the gear of monetary policy from very strong monetary easing.” […]
USD/JPY (US Dollar/Japanese Yen) – Buy, Focus Currency and Technical Analysis (15-Minute Chart) February 28, 2024:
USD/JPY pair has shown a slight uptrend during the Asian session, testing the breakout at 150.60, recovering from the low on February 22. Traders are awaiting the release of major US economic statistics today. EUR/USD (Euro/US Dollar) – Strong Sell: The EUR/USD pair is experiencing a slight decline, extending the correction momentum from the […]
Market remains cautious, with USD/JPY consolidation; focus on US GDP revision announcement today
This week continues to lack clear cues. USD/JPY remains in consolidation around the 150 yen level, showing little momentum. During Tokyo trading hours, NZD selling intensified following the Reserve Bank of New Zealand’s decision to keep its policy rate unchanged. While the central bank governor mentioned discussions about rate hikes, the downward revision of inflation […]