Share: Ethereum price struggles with a significant resistance level at $1,677. Rejection could likely result in a pullback to $1,545, but under dire circumstances, ETH could tag $1,422. Invalidation of the bearish thesis will occur on the flip of … [Continue reading]
EUR/USD clings to 1.0600 as German statistics, Fed’s preferred inflation gauge loom
Share: EUR/USD copies the previous day’ Doji candlestick around seven-week low. Eurozone inflation underpins hawkish ECB bias ahead of German sentiment, output data. US Treasury bond yields, market bets suggest traders already priced in strong US … [Continue reading]
NZD/USD Price Analysis: Struggles between 200-day EMA and 0.6190 support
Share: NZD/USD struggles to extend two-day recovery moves, sidelined of late. Three-week-old descending resistance line guards immediate upside ahead of 200-day EMA. Horizontal area from early January appears strong support to watch amid bearish … [Continue reading]
Cosmos Price Prediction: ATOM could rally 25% despite disbelief
Share: Cosmos price is currently consolidating after a 3% bounce the previous day. ATOM price is aiming for $16.90. Invalidation of the bullish thesis would arrive from a breach below $12.66. Cosmos price shows a bullish narrative for a potential … [Continue reading]
EUR/USD to continue correcting lower in the near-term – MUFG
Share: The EUR has corrected lower against the USD so far in February. Economists at MUFG Bank expect the world’s most popular currency pair to continue its decline. Stronger cyclical outlook for the Eurozone economy is better priced in now “The … [Continue reading]
BoE’s Mann: Some businesses expect to raise wages by 6-7% to retain staff
Share: Bank of England (BoE) policymaker Catherine Mann said on Thursday that her focus on tighter policy reflects concerns about the possible non-linear nature of backward-looking inflation expectations, as reported by Reuters. "We cannot be … [Continue reading]
EUR/USD scales above 1.0620 as investors shrug off Fed minutes-inspired volatility
Share: EUR/USD displayed a solid recovery from 1.0600 as investors underpinned the risk-on market mood. The USD Index corrected as investors digested the hawkish Federal Reserve minutes. European Central Bank is eyeing a continuation of 50 bps rate … [Continue reading]
GBP/USD Price Analysis: Bounces off immediate support line towards 1.2100
Share: GBP/USD picks up bids to refresh intraday high, pares biggest daily loss in over a week. One-week-old ascending trend line joins hidden bullish RSI divergence to favor Cable buyers. 200-EMA appears important challenge for bulls, six-week-old … [Continue reading]
South Korea Producer Price Index Growth (YoY) came in at 5.1%, below expectations (5.7%) in January
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]
Gold Price Forecast: XAU/USD stable above $1,830
Share: XAU/USD Current price: $1,835.33 Geopolitical tensions and price pressures continue to undermine the market mood. FOMC Meeting Minutes unlikely to shock investors as Fed path is clear. XAU/USD maintains a neutral-to-bearish stance as … [Continue reading]