Share: EUR/USD is facing selling pressure in extending its recovery above the supply zone placed in a range of 1.0577-1.0589. An absence of strength in the recovery move from EUR/USD has kept the room open for bears. The RSI (14) is struggling to … [Continue reading]
EUR/USD traders are counting down the clock to critical events
Share: EUR/USD bears are monitoring the price action and are on the lookout for opposing structures to align with. A break above the 78.6% may deter bears from getting heavily involved but the 1.0470s area eyed. Counting down to the Nonfarm … [Continue reading]
USD Index Price Analysis: Further upside looks likely
Share: DXY comes under some selling pressure following new YTD highs. Extra upside continues to target the 200-day SMA. DXY gives away part of recent gains to the vicinity of the 106.00 mark, or new 2023 peaks. The continuation of the rebound in … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC faces market brutality, ETH and XRP suffer by association
Share: Bitcoin price is bearish, preparing for the next move below the channel's lower boundary at $21,746. Ethereum price repels a key confluence level at $1,508, but overhead pressure may overpower the bulls. Ripple price breaks above a … [Continue reading]
GBP/USD attempts to surpass 1.1850, downside looks favored as focus shifts to US NFP
Share: GBP/USD is struggling to cross the immediate resistance of 1.1850 as the dismal market mood is solidifying further. An increase in US taxes will deliver an expression of contracting fiscal policy that might contribute to restricting … [Continue reading]
GBP/JPY approaches 163.00 as street anticipates a dovish stance in BoJ Kuroda’s last policy
Share: GBP/JPY is marching towards 163.00 on expectations of a dovish BoJ policy. According to a Reuters poll, the BoJ will tweak its YCC in April-June. It is expected that UK’s Manufacturing sector has contracted in January. The GBP/JPY pair has … [Continue reading]
Argentina Industrial Output n.s.a (YoY) increased to 6.3% in January from previous -2.7%
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]
Vechain price could trigger a vicious 30% nosedive below this critical level
Share: Vechain price tanks 4% intraday on Wednesday as altcoins take a turn for the worse. VET bulls are betting on crucial support to come in and halt the bear push. Should price action break below, a 27% bear market could be activated. Vechain … [Continue reading]
Malaysia: BNM expected to keep rates unchanged – UOB
Share: Economist at UOB Group Lee Sue Ann suggests the Bank Negara Malaysia (BNM) could pause its tightening cycle at this week’s event. Key Quotes “Given a moderation in global commodity prices and softer domestic growth momentum amid lingering … [Continue reading]
Netherlands, The Consumer Spending Volume down to 6.2% in January from previous 9.9%
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]