Share: Canadian Dollar reverses sharply lower against the US Dollar after a decline in Oil prices and strong sentiment data boosted the Buck. Oil falls from weaker-than-expected Chinese growth data for Q2 and the reopening of Libya’s … [Continue reading]
EUR/USD appears a bit overstretched in the short term and could face a correction this week – ING
Share: EUR/USD is trading at the highest levels since early 2022. Economists at ING analyze the pair’s outlook. Rally looks a bit stretched CFTC data showed that pre-CPI positioning on EUR/USD was already quite stretched on the long side (+19% of … [Continue reading]
GBP/USD Price Analysis: Bulls have the upper hand, ascending channel breakout in play
Share: GBP/USD struggles to gain any meaningful traction on Monday and consolidates in a range. Last week's breakout through a one-month-old ascending trend channel favours bullish traders. Any meaningful corrective decline might be seen as a … [Continue reading]
New Zealand Business NZ PSI dipped from previous 53.3 to 50.1 in June
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Top 3 Decentralized Finance (DeFi) cryptocurrencies ready for breakout rally: LDO, UNI, AAVE
Share: Ripple’s decision has finally set off a massive surge in capital influx and could potentially trigger an alt season. In June 2020, the introduction of yield farming by the Compound platform kickstarted a DeFi Summer for altcoins. Now … [Continue reading]
Dogecoin Price Prediction: DOGE likely to rally 25% above this level
Share: Dogecoin price has been consolidating below the $0.0712 to $0.108 range. A swift recovery above $0.0712 could trigger a 25% rally for DOGE holders. A daily candlestick close below $0.0624 will invalidate the bullish thesis. Dogecoin … [Continue reading]
SEC vs. Ripple update: Former SEC official explains why Ripple’s win could be overturned
Share: Former SEC official John Reed Stark outlined his views on the outcome of the SEC vs. Ripple lawsuit. Stark explained the decision from the judge establishes a class of quasi-securities based on the sophistication of the investor. He added … [Continue reading]
Top 3 cryptocurrencies to focus on in July 2023 and their targets: SOL, OP, COMP
Share: Ripple’s partial victory against the SEC could be the catalyst that kickstarts a new-found rally for altcoins. Layer 1 tokens like Solana and Compound could see interest among investors, as will MATIC and other Layer 2 tokens. … [Continue reading]
Why Ethereum’s EIP-4844 could kickstart bull run for Optimism (OP), Arbitrum (ARB), Polygon (MATIC)
Share: Ethereum’s EIP-4844 upgrade could kickstart a rally in Layer 2 tokens. The reduction in gas fees due to the introduction of a new transaction format via this update could significantly help users. Some altcoins that could potentially rally … [Continue reading]
COMP Price Prediction: Compound bulls disappear, 30% crash on the horizon
Share: COMP price has flashed sell signals on the daily timeframe, hinting at a trend reversal. Bearish divergence on the daily chart suggests COMP could shed 30% of its market value and tag $50. A daily candlestick close above the $76 hurdle that … [Continue reading]