BlackBull Mark O'Donnell

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$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 d...

7 months ago

USDJPY watch: Inflation release to shape yen’s path?

Japan recently slipped to become the world’s fourth-largest economy. The Bank of Japan (BOJ) is facing pressure to address the depreciation of the yen by tightening the country’s ultra-easy policy. Japan’s economy recently slid to the fourth-largest po...

7 months ago

Trade idea: Canadian inflation data tomorrow

Market consensus is for Canada’s headline annual inflation to decrease to 3.2% Commercial banks offer a range of differing forecasts opening up some trading opportunities. On Tuesday, February 20, Canada will unveil the latest inflation data. It is ant...

7 months ago

This week’s focus: 3 Central Bank Meeting Minutes

Traders are closely monitoring meeting minutes from the Reserve Bank of Australia (RBA), Federal Reserve (Fed), and the European Central Bank (ECB) this week, seeking crucial insights into monetary policy considerations. Without many scheduled events o...

7 months ago

Can AUD/USD claim more ground above 0.6500?

AUD/USD recovered from its 2024 low, surpassing 0.6500 due to Dollar weakness, but uncertainty persists about the downtrend. AUD/USD has been making a short-term comeback from its 2024 low, crossing the 0.6500 mark due to a weaker Dollar. But is its do...

7 months ago

Anticipation builds for Bitcoin halving event

Bitcoin surges to a two-year high above $50,000, fueled by anticipation for the upcoming halving event. Despite overbought conditions, Bitcoin might remain bullish, aiming for potential gains of 5% at $55,000 and 15% at the $60,000 psychological level ah...

7 months ago

Gold tumbles: Eyes on UK inflation next

Market sentiment suggests a 79% chance of a June rate cut, rising to 92% in July, prompted by high US inflation figures. Gold has plummeted below $2,000, and the US dollar surged against the CAD and Euro due to the Federal Reserve’s reassessment amid une...

7 months ago

Preparing for markets to overreact to US inflation?

ANZ’s Zollner foresees RBNZ lifting rates to 6%, potentially impacting NZD/USD and aiming for a yearly high. Zollner and Westpac’s Eckhold clash on rate forecasts; Zollner anticipates a hike, while Eckhold leans towards a “higher for longer” scenario, ex...

7 months ago

NZ Economist’s bold call opens opportunity in NZD?

7 months ago

Trading opportunities to kick off April

This week presents ample trading opportunities across currencies such as the US dollar, Euro, Turkish lira, and Australian dollar. Key events include the release of US jobs data and inflation reports in Europe, alongside signals of potential interest rat...

6 months ago

Could gold close above $2200 this week or next?

A pattern on the daily gold chart could indicate a possible rise in gold prices soon. The upcoming release of US economic data, such as the GDP Growth Rate, could impact decisions made by the Federal Reserve, potentially affecting gold prices. Examinin...

6 months ago

Tokyo Inflation to trigger yen Intervention? But at what price?

Heightened anticipation surrounding potential intervention by Japanese authorities to support the yen, prompted by remarks from Masato Kanda, Japan’s vice-finance minister. The upcoming Tokyo inflation data could potentially influence the need for interv...

6 months ago

3 Commodities to watch closely this week

This week’s spotlight shines on cocoa, where record-breaking futures prices signal supply shortages due to poor harvests in key producing countries like Ivory Coast and Ghana. European gas futures remain elevated amidst regional tensions following recen...

6 months ago

This week’s 4 major trading events

This week, all eyes are on U.S. Federal Reserve remarks, especially Chief Jerome Powell’s speech, for insights into future policy, while Australia anticipates a decline in February’s inflation rate and watches consumer confidence indicators. In the Uni...

6 months ago