EUR/USD bulls eye up a key resistance structure. The bears need to get back below 0.9850. EUR/USD's daily chart is indeed bearish while below the trendline resistance. The price is on the verge of a break of structure as per the triangle … [Continue reading]
AUD/USD, capped below 0.6325 after dropping from 0.6410
The aussie's recovery attempts from 0.6275 remains capped below 0.6325. Concerns about China's zero-COVID policy are hurting the AUD. The RBA pointed out to a slower monetary tightening path. The Australian dollar has given away on Monday most of … [Continue reading]
The last stage of the dollar market will see more big moves than direction – SocGen
The last stage of the dollar’s rally is no fun for chess players. This is the time when the poker players thrive, Kit Juckes, Chief Global FX Strategist at Société Générale, reports. Constant diet of rising US yields needed to drive USD/JPY higher … [Continue reading]
ECB is expected to hike rates this week – UOB
Economist at UOB Group Lee Sue Ann sees the ECB raising the policy rates further at its meeting later in the week. Key Quotes “The recent hawkish tone by the ECB, despite the absence of formal forward guidance, has led us to pencil in further rate … [Continue reading]
China Trade Balance CNY above forecasts (565.34B) in September: Actual (573.6B)
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]
USD/CAD Price Analysis: On the way to monthly support near 1.3570
USD/CAD remains pressured around fortnight low, keeps Friday’s break of 21-DMA. The first daily close below 21-DMA in six weeks, bearish MACD signals favor sellers. One-week-old descending trend line adds to the upside filters. USD/CAD fades the … [Continue reading]
XRP price might rally back to $0.50, heres why
XRP price shows a shallow pullback after a 10% countertrend rally. The Relative Strength Index is now in the supportive territory after auctioning several days in oversold territory. Invalidation of the bullish countertrend is a breach below … [Continue reading]
LINK price: Chainlink wallets accumulate the altcoin, prepare for massive comeback
Chainlink wallets holding between 10,000 and 1,000,000 LINK have purchased more than $223 million worth of the altcoin since min-May. Proponents believe the altcoin's cross-chain interoperability protocol is on its way to being the preferred … [Continue reading]
XRP Price: What is going on in the SEC v. Ripple case
The payment giant Ripple and the US regulator Securities and Exchange Commission have filed reply briefs to each other's motions for summary judgment. Both parties are speaking about the parts of the briefs they want redacted and filed … [Continue reading]
Metaverse users alert: World’s first global police force Interpol has entered virtual world
At a surprise session of the 90th Interpol General Assembly in New Delhi, Interpol unveiled the first ever metaverse specifically designed for law enforcement. The metaverse allows registered users to tour a virtual facsimile of the Interpol … [Continue reading]