Near Protocol price has made a good retest, precipitating an explosive move if bulls hold support. NEAR could rally 50% to $10.24 with a successful bounce like it happened after January’s retest of $2.76. The bullish thesis would be invalidated upon … [Continue reading]
Gold steady near $2,300, supported by lower US yields and weaker US Dollar
Gold price soars, supported by weakening US Dollar in face of high Treasury yields. XAU/USD was boosted by Fed Chair Powell hinting at rate cuts within the year, contingent on sustained inflation decline. Despite a strong job market as shown by ADP … [Continue reading]
Dow Jones Industrial Average picks up as soft US data boosts risk appetite
Dow Jones bounces up as soft US services data eases concerns about a “higher for longer” monetary policy outlook. US Services activity softened against expectations in March with the Prices Paid sub-index posting its lowest reading in … [Continue reading]
Ethereum consolidates after decline as Coinbase analysts raise concerns about “hidden risks” of restaking
Ethereum's price has been consolidating since the recent crypto market correction weakened the bullish sentiments of traders. Coinbase analysts have warned of the risks that restaking protocols carry. Ethereum Foundation developers have been the … [Continue reading]
Pound Sterling pares gains ahead of Fed Powell speech
The Pound Sterling faces pressure above 1.2580 on cautious sentiment. The UK Manufacturing PMI signaled expansion in March for the first time in two years. Investors see the BoE kick-start the rate-cut cycle in June. The Pound Sterling (GBP) … [Continue reading]
USD/INR gains momentum ahead of US ADP, Services PMI data
Indian Rupee struggles to gain ground amid the higher oil prices. The rising Middle East geopolitical tensions might weigh on the INR. Investors will focus on the US ADP Employment Change and the ISM Services PMI, due on Wednesday. … [Continue reading]
GBP/USD remains on the defensive below 1.2600, eyes on US data, Fed’s Powell speech
GBP/USD trades on a weaker note near 1.2575 on Wednesday. Many Fed officials see three rate cuts as reasonable this year. Traders raise their bets the BoE will cut the interest rate before the US Fed this year, weighing on the GBP. The US ADP … [Continue reading]
US Dollar loses ground as investors takes profits, eyes on labor data
Tuesday’s highlight was the US Bureau of Labor Statistics reporting on strong JOLTs Job Openings figures for February. Markets await additional data to guide easing cycle expectations, widely expected to commence in June. Events on the horizon … [Continue reading]
Silver Price Forecast: XAG/USD rises to $25.80 as US Dollar slips after steady US Job Openings
Silver price climbs above $25.50 as US Dollar’s rally stalls. Investors remain risk-averse as Fed rate cut expectations ease. Silver price aims to recapture annual highs of $26.14. Silver price (XAG/USD) jumps to $25.80 after the United States … [Continue reading]
US Dollar likely to continue to trade on a stronger footing this week – MUFG
The US Dollar Index (DXY) has moved back above the 105.00 level for the first time since the middle of November. Economists at MUFG Bank analyze USD outlook. The Fed could lag behind European central banks when starting to cut rates Market attention … [Continue reading]