At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
Editors’ Picks
EUR/USD keeps the rangebound trade near 1.1850
EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.
GBP/USD flirts with daily lows near 1.3630
GBP/USD has quickly given back Friday’s solid gains, turning lower at the start of the week and drifting back towards the 1.3630 area. The focus now shifts squarely to Tuesday’s UK labour market report, which is likely to keep the quid firmly in the spotlight and could set the tone for Cable’s next move.
USD/JPY struggles to capitalize on strength beyond 153.75 hurdle
The USD/JPY faces resistance near the 153.75 zone during the Asian session on Tuesday, stalling the previous day's positive move as divergent BoJ-Fed policy expectations offer some support to the Japanese Yen. That said, Japan's weak Q4 GDP print, released on Monday, tempered bets for an immediate BoJ rate hike. This, along with the underlying bullish sentiment, warrants caution for the JPY bulls and could act as a tailwind for the currency pair.
Editors’ Picks
AUD/USD retargets 0.7100 ahead of RBA Minutes
AUD/USD keeps the slightly bid bias around 0.7070 ahead of the opening bell in Asia. Indeed, the pair reverses two daily pullbacks in a row, meeting some initial contention around 0.7050 while investors gear up for the release of the RBA Minutes early on Tuesday.
USD/JPY struggles to capitalize on strength beyond 153.75 hurdle
The USD/JPY faces resistance near the 153.75 zone during the Asian session on Tuesday, stalling the previous day's positive move as divergent BoJ-Fed policy expectations offer some support to the Japanese Yen. That said, Japan's weak Q4 GDP print, released on Monday, tempered bets for an immediate BoJ rate hike. This, along with the underlying bullish sentiment, warrants caution for the JPY bulls and could act as a tailwind for the currency pair.
Gold sticks to a negative bias below $5,000; lacks bearish conviction
Gold remains depressed for the second consecutive day and trades below the $5,000 psychological mark during the Asian session on Tuesday, as a positive risk tone is seen undermining safe-haven assets. Meanwhile, bets for more interest rate cuts by the Fed keep a lid on the recent US Dollar bounce and act as a tailwind for the non-yielding bullion, warranting caution for bearish traders ahead of FOMC minutes on Wednesday.
AI Crypto Update: Bittensor eyes breakout as AI tokens falter
The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.
US CPI is cooling but what about inflation?
The January CPI data give the impression that the Federal Reserve is finally winning the war against inflation. Not only was the data cooler than expected, but it’s also beginning to edge close to the mystical 2 percent target. CBS News called it “the best inflation news we've had in months.”
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Making money in forex is easy if you know how the bankers trade!
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What Are the 10 Fatal Mistakes Traders Make
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The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.