China’s Consumer Price Index (CPI) is expected to increase slightly this year and remain within the official target, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC) said on Monday. Additional quotes “Price trends in … [Continue reading]
United Kingdom Rightmove House Price Index (YoY): 5.1% (April) vs 2.7%
The British Pound was the most benefited from risk-appetite, recovering from an intraday low of 1.3715 on Friday to hit a weekly high of 1.3842, closing it a handful of pips below the level. GBP/USD has turned bullish in the near-term, with an … [Continue reading]
USD/CAD Weekly Forecast: The Bank of Canada pivot
USD/CAD fades as WTI rebounds 6.3% on the week. Excellent US economic data has no impact on pair. US dollar falls as long-term Treasury yields retreat. Bank of Canada decision on QE and updated economic projections due on Wednesday. COVID-19 a … [Continue reading]
AUD/USD Forecast: Bulls will likely accelerate buying on a break above 0.7770
AUD/USD Current Price: 0.7730 Gold prices and global indexes hold on to monthly gains. The Reserve Bank of Australia will publish the Minutes of its latest meeting on Tuesday. AUD/USD is technically bullish but still needs to overcome the 0.7770 … [Continue reading]
XLM Price Prediction: Stellar bulls prepare for 200% advance to new highs
XLM price tapped the lower trend line of an ascending parallel channel during the recent crash. A continuation of the bounce from this level shows the promise of a 200% bull rally to $1.42, a new all-time high. Stellar could start a new downtrend if … [Continue reading]
XRP Price Prediction: Ripple bulls face extinction as profit-booking intensifies
XRP price is moving toward the immediate demand zone ranging from $1.33 to $1.50. This decline since April 14 suggests a weakening bullish momentum that could drive Ripple toward the next support area. A bounce from either of the zones seems … [Continue reading]
Chiliz Price Prediction: CHZ prepares to catapult 200% and beyond
Chiliz price has been on an extended consolidation phase for more than a month. A recent spike in buying pressure has allowed CHZ to take a jab at the supply zone ranging from $0.68 to $0.89. For a massive bull rally, a decisive close above the upper … [Continue reading]
VeChain Price Forecast: VET bulls’ exhaustion sets up stage for 15% correction
VeChain price hints at a retracement after aggressive buying that propelled it by 77%. The MRI warns that a cycle top might be underway. A 15% correction to the support level at $0.198 could occur before VET heads higher. VeChain price has seen a … [Continue reading]
Ethereum Price Prediction: ETH may correct 14% if buyers fail to set up new highs
Ethereum price is at an inflection point and could retrace if the bullish momentum falls short. The MRI has flashed a preemptive top signal on the 1-day chart adding credence to the bearish outlook. A 14% pullback to the upper barrier of the demand … [Continue reading]
Dogecoin Price Prediction: DOGE gains in jeopardy as multiple sell signals arrive
Dogecoin price witnessed another huge bull run which pushed it by nearly 560%. The MRI flashed warning signs on the 4-hour and 1-day chart, suggesting that a retracement is likely. A continuation of the bullish scenario will occur if DOGE … [Continue reading]