Traders' Opinions

USDJPY gears up after 7-month low Recent sharp sell-off looks overdone Bulls hope for a close above 146.58 to continue higher USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that had limited Tuesday’s gains following the flash spike to 146.35. There is still a chan

Stubborn US inflation data triggers global market selloff. Euro wobbles after strong dollar rally, ECB meeting eyed for rate cut clues. Yen hits new 34-year low against USD, intervention threat looms. Oil gains on Mideast tensions.

BTC hits 20-day peak at $72,212, raising hopes for new all-time highs pre-Halving. Buy orders surpass sell orders by 6,000+ BTC. Bulls may encounter resistance near previous peak at $73,990.

Uncertain U.S. stock market sways with fluctuating Treasury yields. Rising 10-year Treasury notes reshape Fed rate cut expectations. Tech and crypto stocks flourish; Wells Fargo predicts high year-end S&P 500 target.

EUR/GBP exhibits a monthly Head and Shoulders Top pattern alongside a daily inverted Head and Shoulders Top formation, indicating potential trend reversals on different timeframes.

Mixed US data alters rate cut outlook, impacting DXY. Dollar's trajectory hinges on US inflation report and ECB policy. Yen approaches historic lows, Euro's fate tied to ECB's rate verdict.

Oil futures initially decline 3%, partially rebounding Monday. Geopolitical tensions impact supply outlook. Brent encounters technical barriers, but overall sentiment remains upbeat in the market.

Despite yield and dollar upticks, silver stays bullish. Asian central banks, notably China, wield significant influence on precious metals. CPI report could sway Fed policy, affecting silver prices.

Asian central banks' gold purchases drive prices to new highs. China's rising gold reserves underscore its gold asset strategy. Robust U.S. economy and inflation data indicate ongoing gold market expansion.