Federal Reserve policymakers are committed to tackling inflation in the United States, bolstering the US Dollar. Australia’s Consumer Confidence improved, Aussie Dollar traders eye RBA minutes. AUDUSD Price Analysis: The inverted head-and-shoulders … [Continue reading]
USDCAD bulls eye a significant correction
USDCAD is on the brink of a move higher as the US Dollar firms. WTI pressured on Covid cases in China, denting CAD. USDCAD is making tracks on the upside on Monday, partly as oil prices fall and the greenback rallies against a … [Continue reading]
USDIDR: Range of 15,390 to 15,590 for the week ahead – MUFG
USDIDR gapped lower on Friday after being in a narrow range of about 15,650-15,750 over the past week. Economists at MUFG Bank expect the pair to trade within a 15,390-15,590 range this week. USDIDR seen at 15,700 by the end of the year “For the week … [Continue reading]
Eurozone Industrial Production expands by 0.9% in September vs 0.3% expected
Industrial Production in the euro area grew at a stronger pace than expected in September. EURUSD trades deep in negative territory at around 1.0300. Industrial Production in the euro area and the European Union expanded by 0.9% on a monthly basis … [Continue reading]
Gold Price Forecast: XAUUSD pulback could provide opportunity to reclaim $1,800
Gold price is retreating from three-month highs as US Dollar stages a comeback. Federal Reserve Governor Waller’s comments lift the US Dollar with the Treasury yields. Gold price appears a ‘Buy the dips’ trade, Federal Reserve … [Continue reading]
AUDUSD Price Analysis: A deceleration opens risk of a break to 0.6650 and below
AUDUSD bears are lurking below 0.6750 for the open. 0.6620 and 0.657 are guarding the 0.6550 target area. As per the prior analysis heading towards the final sessions for the week, AUDUSD Price Analysis: Bears hold the fort at a 50% … [Continue reading]
Gold, The Chart of the Week: XAU/USD bears licking their lips, watching for lower timeframe distribution
Gold could be about to move into a phase of distribution. The rally is decelerating on the lower timeframes. As per last week's pre-open analysis, Gold, Chart of the Week: XAUUSD bulls pushing up against key resistances ahead of US CPI, where … [Continue reading]
Dogecoin price: Dogechain releases staking guide, DOGE price struggles to recover
Dogecoin started its recovery, yielding nearly 2% gains for DOGE holders overnight. Dogechain team released a staking guide, sharing in-depth information about the process. Analysts are bearish on Dogecoin and predict further decline in … [Continue reading]
Crypto experts allege Gate.io and Crypto.com could collapse like FTX: Accident or proof-of-reserves?
Crypto.com’s cold storage revealed a suspicious transfer of 320,000 Ether worth $404 million, to Gate.io. Kris Marszalek, CEO of Crypto.com assured traders that the transfer was accidental, funds were to be moved to a new cold storage … [Continue reading]
Ripple NFT partnership: Here’s what to expect from XRP price
Ripple has joined hands with Ethereal Labs to bring NFTs to traders worldwide, a web3.0 move. The partnership boosts XRP Ledger’s NFT capabilities and establishes Ripple as a proven digital art and collectibles platform. Analysts have set … [Continue reading]