Zcash (ZEC) is trading above $630 at the time of writing on Friday, after extending its intraday decline to $595. Despite ZEC's correction from a heavy supply zone at $700, the privacy-oriented token is showing signs of stability, which could see it … [Continue reading]
XRP slides below $2.00 as ETF inflows fail to counter weak retail demand
Ripple (XRP) is extending its down leg below $2.00, trading at $1.87 at the time of writing on Friday. Heightened volatility and macroeconomic uncertainty are supporting the sticky risk-off sentiment in the broader cryptocurrency market.Since the … [Continue reading]
USD/JPY under scrutiny after intervention warnings – DBS
Markets are on edge as Japanese officials warn of possible yen interventions amid rapid Japanese Yen (JPY) depreciation and rising inflation pressures, DBS' Senior FX Strategist Philip Wee notes. Weak Yen drives most of DXY’s monthly gains"Markets … [Continue reading]
GBP/USD Price Forecast: Holds gains near 1.3100, but bearish momentum persists below 100-day EMA
The GBP/USD pair strengthens to around 1.3090 during the early European session on Friday. Nonetheless, the potential upside for the major pair might be limited amid growing expectations of the Bank of England (BoE) rate cut at its next monetary … [Continue reading]
NZD/USD rebounds to near 0.5600, RBNZ rate cut looms
The NZD/USD pair trades with mild gains near 0.5590 during the early Asian trading hours on Friday. However, the potential upside for the pair might be limited amid the prospect of the Reserve Bank of New Zealand (RBNZ) rate cut next week. After … [Continue reading]
South Korea Producer Price Index Growth (YoY) increased to 1.5% in October from previous 1.2%
US Payrolls were stronger than expected in September, and rose by 119k, private sector payrolls rose by 97k, and wage growth also rose a notch to 3.8%. On the surface, this suggests that the US labour market is stronger than feared, however, if … [Continue reading]
United States 4-Week Bill Auction: 3.89% vs previous 3.9%
US Payrolls were stronger than expected in September, and rose by 119k, private sector payrolls rose by 97k, and wage growth also rose a notch to 3.8%. On the surface, this suggests that the US labour market is stronger than feared, however, if … [Continue reading]
US Dollar Index (DXY) reaches resistance near 100.50 ahead of the NFP release
The US Dollar is trading higher across the board on Thursday as investors pare back bets of a Fed interest rate cut in December. The USD Index, which measures the value of the Dollar against a basket of peers, has reached the area between 100.35 and … [Continue reading]
Pi Network rises as MiCA whitepaper boosts sentiment and technical outlook
Pi Network (PI) is up 11% so far this week, underpinned by its whitepaper on the Market in Crypto-Assets (MiCA) regulations for the European Union (EU) markets. The technical outlook remains bullish as PI exceeds the long-standing dynamic … [Continue reading]
Top Gainers: Starknet, Zcash, Artificial Superintelligence Alliance drive crypto recovery
Starknet (STRK), Zcash (ZEC), and Artificial Superintelligence Alliance (FET) are outpacing the short-term recovery in the cryptocurrency market, posting double-digit gains over the last 24 hours. The privacy coins and Artificial Intelligence (AI) … [Continue reading]