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]
Bitcoin, Ethereum and Ripple price crashes, liquidations hit nearly $500 million as XRP hype dissipates
Share: XRP, XLM and other altcoins enjoyed massive gains after Ripple’s partial win against the SEC. The weekend, however, looks bleak, with liquidations in the past 48 hours reaching as much as $473 million. As the bearish momentum declines, … [Continue reading]
Crypto market liquidations hit nearly $500 million as Ripple and XRP hype dissipates over weekend
Share: XRP, XLM and other altcoins enjoyed massive gains after Ripple’s partial win against the SEC. The weekend, however, looks bleak, with liquidations in the past 48 hours reaching as much as $473 million. As the bearish momentum declines, … [Continue reading]
SEC vs.Coinbase: Briefs from first hearing as some of exchange’s retail consumers face staking embargo
Share: Coinbase and the SEC's lawyers convened for the first hearing before Judge Katherine Polk Falia. Hearing reports are majorly in favor of Coinbase after the court examined both sides in a Q&A centered on staking and securities definition. … [Continue reading]
Optimism price fails a 20% rally, leaving nearly $1 billion worth of OP from catching profits
Share: Optimism price touched the high of $1.64 during the intra-day rally but fell back down to trade at $1.45. The price rise resulted in the breach of the demand wall of 670.56 million OP at $1.62 but failed to sustain it. The altcoin is close … [Continue reading]
EUR/USD Price Analysis: Enough from the bulls and will the bears make their move?
Share: EUR/USD may have run its course and bulls are laying the table. A break of key support structures could be on the cards for the week ahead. EUR/USD is stalling on the bid but underlying momentum is undeniable. At the time of writing the … [Continue reading]
USD/MXN drops to new YTD lows past 16.8000 amid slowing US inflation, MXN eyes 16.3000
Share: USD/MXN extends its losses, falling past the 16.80 mark, as the Mexican Peso benefits from easing US inflation. US Bureau of Labor Statistics shows import and export prices trending down, reinforcing previous reports of easing consumer and … [Continue reading]
A more dynamic phase of market movement might be about to unfold – Scotiabank
Share: USD consolidates in light trade but hefty loss on the week takes a toll, economists at Scotiabank report. BBDXY breakdown suggests losses of around 4% While marginally higher on the day overall, the USD is heading for a soft close on … [Continue reading]
Gold Price Forecast: XAU/USD set to move towards this year’s high once $1,970 resistance is broken – ANZ
Share: Technically, the recent break above $1,950 area is strengthening the prospect of the Gold price resuming its uptrend, economists at ANZ Bank report. Break below $1,900 could trigger a fresh sell-off The recent break-out above $1,950 has … [Continue reading]
Natural Gas Price News: XNG/USD ignores downbeat US Dollar at $2.55 amid fears of economic headwinds
Share: Natural Gas Price remains sidelined after refreshing three-week low the previous day. IEA conveyed economic woes to cut down Oil demand forecasts, XNG/USD trails the move. Chatters about China fading economic recovery jostle with downbeat … [Continue reading]