New Zealand Dollar Under Pressure, Chinese PMIs Next

The New Zealand dollar is in negative territory on Friday. In the European session, NZD/USD is trading at 0.6308, down 0.37%.

Japanese Yen Edges Higher

The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 141.75, up 0.27%.

Week Ahead – US Jobs Report and Eurozone Inflation to Kickstart the New Year

It’s been one big rollercoaster ride for the US dollar in 2023, as hopes of a Fed pivot were repeatedly dented by surprisingly strong economic data, which more often than not, has come from the robust performance of the American labour market. But traders seem surer this time that a pivot is just around the corner, as Fed chief Powell himself has dropped subtle hints about it.

Forecast 2024: Bitcoin Yesterday, Tomorrow, and the Day After

The main question, just a few years ago, was when the crypto bubble would burst. Over time, bitcoin gradually earned its place in the minds and portfolios of traders and investors. Competing actively with physical gold and other investment and defensive assets, digital gold emerged as a formidable contender.

Markets are Back From Holiday

Today's calendar looks light with the most important data release being the Eurozone M3 measure of money supply for November. M3 has been on a downward trajectory since ECB started their tightening policy, which bodes negative for the economic outlook.

Goodbye 2023 and Hello to a Potentially Volatile 2024

Auld Lang Syne to 2023 and welcome 2024! Here is a recap of the key highlights that shocked global markets in 2023 and the potential emerging themes to look out for in 2024 as well as my “Chart Of The Year”.

Australian Dollar Edges Higher After Chinese Data

The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6826, up 0.22%.

Euro Stabilizes Despite Weak German Business Confidence

Germany’s Ifo Business Climate was softer than expected, dropping to 86.4 in December. This was down from a revised 87.2 in November and missed the market consensus of 87.8. Business conditions and business expectations also eased in December and were shy of the forecast, as companies remain pessimistic about the German economy. The lack of confidence mirrors the prolonged weakness in the German economy.

NIKKEI (NKD_F) Forecasting The Rally After 3 Waves Pull Back

NIKKEI ended cycle from the 11.20. peak at the 32202 low. We got 5 waves up in the rally from the short term low. Currently the futures is doing intraday pull back that seems to be unfolding as potential flat pattern , wave ((b)). Pull back already shows 3 waves down from the last peak. The price has reached intraday equal legs area at 32646-32338. At that zone we expect buyers to appear for a 3 waves bounce at least or further rally ideally.

Central Banks Look to Spoil the Party, BoJ Eyed Tonight

The BoJ overnight tonight will also be interesting given the amount of speculation about ending negative interest rates in the new year and further tweaks to yield curve control. This week probably still comes too soon but I would say this is still very much a live meeting that could surprise a few, if not in the form of the decisions then potentially the messaging.