Share: Retail Sales in the Euro area decreased by 0.3% in November as forecast. EUR/USD trades modestly lower on the day below 1.0950. Retail Sales in the Euro area declined by 0.3% on a monthly basis in November, Eurostat reported on Monday. This … [Continue reading]
Gold price hangs near two-week low touched on Friday, seems vulnerable to slide further
Share: Gold price ticks lower on Monday following the post-NFP price action whipsaw on Friday. Elevated US bond yields act as a tailwind for the USD and exert pressure on the XAU/USD. A softer risk tone should help limit deeper losses as the focus … [Continue reading]
EUR/USD attracts some buyers to the mid-1.0900s, investors await Eurozone Retail Sales data
Share: EUR/USD holds positive ground near 1.0948 despite the rebound of USD. US Nonfarm Payrolls (NFP) increased by 216,000 jobs in December from 173,000 in November. German Retail Sales for November came in worse than expected, falling to 2.4% YoY … [Continue reading]
Solana meme coin SILLY price eyes nearly 40% gain after key bullish developments
Share: Silly Dragon price is attempting to recover inside the $0.0676 to $0.11 range. A successful flip of the range low into the support floor could propel the altcoin to the range’s midpoint at $0.0933. SILLY could also sweep of the range … [Continue reading]
China Foreign Exchange Reserves (MoM) above forecasts ($3.2T) in December: Actual ($3.238T)
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]
LidoDAO price could rally 10%, three on-chain metrics suggest
Share: LidoDAO price likely to trigger a 10% gain as part of recovery bounce. LDO on-chain metrics are forecast a bullish outlook in the near future. Breaching the range low at $3.02 will invalidate the bullish thesis. LidoDAO (LDO) … [Continue reading]
Near Protocol Price Forecast: NEAR bulls to catalyze 13% move
Share: Near Protocol price has bounced off a key support level at $3.33 and eyes a potential bounce. Investors can expect NEAR to inflate by 13% and tag the $3.90 resistance confluence. A better buying opportunity would be a retest of the 12-hour … [Continue reading]
Mina Protocol price hints at 23% recovery rally after bullish swing failure pattern
Share: Mina Protocol price has swept the December 28, 2023 lows and shows signs of recovery. If a few more conditions are met, MINA holders can expect a 23% rally to $1.36. A flip of the range low at $1.02 into a resistance level will invalidate … [Continue reading]
PEOPLE price set to undo 80% gains, hints at double-digit correction
Share: PEOPLE price shows signs of exhaustion after rallying 81% in under 48 hours. The bearish divergence can be clearly spotted on the RSI and AO indices, which hints at a trend reversal. Investors can expect an 18% correction into the low … [Continue reading]
Litecoin price has a long way to go before LTC attempts to tag $85
Share: Litecoin price is likely to slide 10% before holders can consider accumulating. A sweep of the range low at $56 will be the first sign that LTC is forming a bottom. A quick recovery above $56, coupled with the shift in market structure, will … [Continue reading]