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$3K Gold in 2024 According to Citi
$3K Gold in 2024 According to Citi Citi bank predicts a potential 50% surge in gold prices to $3,000 per ounce this year, primarily driven by continued gold accumulation by central banks, particularly those in emerging markets. There is a heightened risk of global conflict impacting the demand for safe-haven assets like gold, as evidenced…
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21 February 2024
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GBP/USD Alert: Next Week’s Inflation Forecast
GBP/USD Alert: Next Week’s Inflation Forecast Upcoming UK and US inflation data releases are crucial factors influencing the GBP/USD currency pair. The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch. On February…
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08 February 2024
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Decide: Buy or Sell – Netflix vs. Tesla Earnings
Decide: Buy or Sell – Netflix vs. Tesla Earnings Netflix’s stock might be expected to rise above $500 per share after positive sentiment, upward profit revisions, and an 11% annual revenue increase to $8.71 billion. Tesla faces uncertainty with a potential fourth consecutive earnings-reaction-day selloff, driven by margin pressure from a price-slashing strategy, and investor…
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23 January 2024
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Bitcoin Forecast: Buy the Rumor and Sell the News?
Bitcoin Forecast: Buy the Rumor and Sell the News? Investors keenly await the SEC’s decision on Bitcoin Spot ETFs, especially with involvement from major players like BlackRock and Fidelity. If denied, Bitcoin may dip below $41,500; if approved, targets could hit $48,250, considering the potential impact of sustained bullish sentiment pushing towards 50-55K. The adage…
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09 January 2024
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Trading This Week’s Fundamental Events
Trading This Week’s Fundamental Events Traders should closely watch for signals on potential Federal Reserve 2024 rate cuts. Goldman Sachs predicts the ECB’s first rate cut in April, followed by quarterly 25 basis points reductions. The market’s attention will be fixed on the Federal Reserve’s final policy meeting of 2023 scheduled for this Wednesday, with…
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11 December 2023
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No Such Thing as a Hawkish Pause? USD Overrated?
No Such Thing as a Hawkish Pause? USD Overrated? Market skepticism about the “hawkish pause” and doubts about the US Fed’s ability to make tough decisions, especially concerning rate hikes. Has the market adopted the term “hawkish pause” to bolster USD bids? It could be possible that, in an attempt to drag out USD strength…
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02 November 2023
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Is it Safe to Set Sell Orders at 150.000 for USD/JPY Now?
Is it Safe to Set Sell Orders at 150.000 for USD/JPY Now? The USD/JPY recently fell significantly after it crossed the 150.000 mark, prompting speculation about possible BoJ intervention. Tuesday’s intervention could have just been a warning shot to those looking to bet against the yen, with more drastic action from the BoJ locked and…
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05 October 2023
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Gold’s Jackson Hole Rally: What’s Next?
Gold’s Jackson Hole Rally: What’s Next? Gold showed upward momentum, supported by lower bond yields and a weakened USD due to economic data. For downside risk, bears may again target the $1880 and $1885 resistance if the price falls back below $1908 level (200 SMA). Immediate upside risk is potentially restricted at $1920 (20 SMA)….
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23 August 2023
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