Ripple (XRP) holds slightly above $1.30 on Monday, with short-term recovery prospects fading. Strong structural resistance toward $1.40 continues to cap upside, raising the risk of further downside below $1.30.Appetite for digital assets, as in … [Continue reading]
Forex Today: Major pairs hold steady to start new week
Here is what you need to know on Monday, October 19:The trading action in financial markets remain subdued at the beginning of the new week, with major currency pairs staying close to the previous week's closing levels. In the second half of the day, … [Continue reading]
Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC rebounds to $82,500 as ETH and XRP hold support
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) show signs of recovery on Monday, following a turbulent week driven by sticky US inflation data and institutional outflows. BTC extends its rebound off the 50-day Exponential Moving Average (EMA) at … [Continue reading]
Iran says it has a “new operational plan” if the US resumes attacks
A secretary of Iran’s Supreme National Security Council, Mohsen Rezaei, warned on Sunday that Tehran has prepared a new retaliation plan for any renewed US-Israeli attack, as maritime authorities reported several separate attacks on commercial … [Continue reading]
CFTC Report: Euro and Aussie shorts build as Gold exposure remains elevated
The week in one sentence: Euro shorts deepened, and Yen longs retreated in the week to October 13. In addition, Coffee buying continued, and Gold exposure remained elevated despite another price decline.Euro: Bearish conviction deepensSpeculators … [Continue reading]
Celestia jumps 57% to 11-month high as 7 altcoins beat the market
The crypto market faced heightened volatility this week as hot wholesale and consumer inflation data added pressure on major tokens including Bitcoin (BTC). However, a few altcoins defied the broader market weakness, posting notable gains.Celestia … [Continue reading]
The Kiwi defies hot US inflation as Fed pause bets weaken the USD
The New Zealand Dollar ended the week on a higher note against the US Dollar, up 0.55% to 0.5652, as the Greenback weakened amid investors' skepticism about a Fed hike in October despite the US docket featuring red-hot inflation.NZD/USD closes higher … [Continue reading]
Ethereum slips below $2,400 as Oil surges, ETF outflows mount
Ethereum (ETH) declined 1% on Friday, briefly dropping below $2,400 following rising Oil prices.Brent Crude has jumped 3.6% to 109.7 at the time of writing, reaching its highest level since May. The spike in Oil prices has pressured risk assets, with … [Continue reading]
Canada: Energy-driven resilience with limited core pass-through – RBC
Royal Bank of Canada (RBC) strategis Claire Fan and Abbey Xu expect Canada’s headline Consumer Price Index to remain at 3% year-over-year in September, supported by higher gasoline and furnace Oil prices. They see moderating food inflation and a dip … [Continue reading]
Taiwan Dollar: Foreign outflows pressure currency – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Taiwan Dollar (TWD) has extended losses on heavy foreign equity outflows, partly retracing into the Asian close amid talk of CBC leaning against depreciation. They stay somewhat … [Continue reading]