The next target for Bitcoin: $92,500? Economic indicators behind the surge: Bank of Japan’s next move and US inflation data
Attention on US Employment Statistics, Confirming the Trend of Dollar Weakness
This week, amidst reports concerning the Bank of Japan, the yen’s strength has been notable. However, overshadowed by this, the dollar market has also seen a predominance of dollar selling. Whether the US employment statistics released today will solidify the trend of dollar weakness for the coming week or return the market to a state […]
USD/JPY (US Dollar/Japanese Yen) – Sell – Currency Focus and Technical Analysis (15-Minute Chart) March 7, 2024
EUR/USD (Euro/US Dollar) – Strong Sell The EUR/USD pair shows slight growth and is trading near 1.0900 and the high of January 24th. Remarks by Jerome Powell, Chairman of the Federal Reserve (FRB), supported the euro. Powell mentioned that the uncertainty over further weakening of price pressures is a key obstacle to the central […]
Today’s focus is on the ECB policy interest rates and President Lagarde’s press conference.
The atmosphere seems to be getting more active in the market. The catalyst is a series of positive statements from senior Bank of Japan officials. Following Governor Kuroda, Deputy Governor Nakatani today indicated that “the certainty of achieving the Bank of Japan’s price target continues to gradually increase.” Regarding wage trends, he mentioned that “if […]
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 […]