FOMC

XAUUSD: Holds near record high…what next?

Mon, 19 Aug 2024 10:10:56 +0000

XAUUSD: Holds near record high…what next? Lukman.Otunuga… Mon, 08/19/2024 - 13:10

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In case you missed it, gold surged over 2% last Friday to create a fresh all-time high above $2509! The precious metal could be injected with fresh volatility this week thanks to the Jackson Hole Economic Symposium.

Bitcoin: Set for potential price swings?

Tue, 02 Jul 2024 10:57:00 +0000

Bitcoin: Set for potential price swings? Lukman.Otunuga… Tue, 07/02/2024 - 13:57

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Thanks to the incoming US jobs report and developments concerning the failed Mt. Gox exchange, this could be a wild week for Bitcoin!

USDInd hits 3-month low. More room to fall?

Tue, 21 Nov 2023 08:32:41 +0000

Dollar weakened as markets raise bet on Fed rate cuts in 2024
USDInd approaches key support levels around 103 region
Daily close below 103 region could spark another 1,300-point drop
Other technical indicators suggest 350-point rebound ahead
FOMC meeting minutes later today may spark more volatility Read More

Trade Of The Week: GBPUSD Major Breakout Imminent?

Mon, 14 Aug 2023 10:27:08 +0000

Trade Of The Week: GBPUSD Major Breakout Imminent? Lukman.Otunuga… Mon, 08/14/2023 - 13:27

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Fasten your seatbelts because this could be another rollercoaster week for the GBPUSD!

Week Ahead: NZDUSD to set new 2023 low?

Fri, 11 Aug 2023 06:33:49 +0000

Week Ahead: NZDUSD to set new 2023 low? han.tan@FXTM CY CA Fri, 08/11/2023 - 09:33

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Find out why the New Zealand dollar is the second worst-performing G10 currency (after the Japanese Yen) against the US dollar so far this year.

Week Ahead: Can AUDUSD stay above 0.660?

Fri, 30 Jun 2023 06:58:54 +0000

Week Ahead: Can AUDUSD stay above 0.660? han.tan@FXTM CY CA Fri, 06/30/2023 - 09:58

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Bloomberg’s FX model forecasts a 36.7% chance that AUDUSD might break below the 0.66 over the next one-week period.

Markets Gripped By US Debt Ceiling Talks

Tue, 23 May 2023 07:27:56 +0000

Markets Gripped By US Debt Ceiling Talks Lukman.Otunuga… Tue, 05/23/2023 - 10:27

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Asian markets gave up earlier gains on Tuesday as investors adopted a cautious stance after US debt ceiling negotiations ended "productive talks" without a deal.

FX Majors Break Through Key Levels

Thu, 13 Apr 2023 10:13:37 +0000

Markets love round numbers! They act as important psychological markers and can prompt strong reactions in price action as well as grabbing the headlines. These levels can also act as decisive areas of resistance and support on a technical basis, with 1000s of orders to buy and sell usually located in these critical zones of confluence.

The current dollar slide has seen the world’s reserve currency fall over 4% from its early March peak. This has pushed two of the most popular majors similarly through Read More

Risk-off sentiment intensifies amid SVB turmoil

Tue, 14 Mar 2023 08:36:34 +0000

Risk-off sentiment intensifies amid SVB turmoil Lukman.Otunuga… Tue, 03/14/2023 - 10:36

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Another wave of risk aversion swept through Asian shares on Tuesday, as the implosion of Silicon Valley Bank (SVB) continued to echo across global markets.

Week Ahead: Dollar to falter at onset of 2023?

Fri, 30 Dec 2022 06:52:53 +0000

Week Ahead: Dollar to falter at onset of 2023? han.tan@FXTM CY CA Fri, 12/30/2022 - 08:52

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As we make fresh resolutions (especially those that pertain to trading/investing), here's a head start on the potential opportunities ahead, starting with these key economic events and data releases in the first week of the new year: