Share: Axie Infinity price is trading at $4.47 after failing a breach of the 50-day EMA, setting up for a potential decline. A drawdown in price would result in another 2.89 million AXS slipping underwater, resulting in 94.4% of investors … [Continue reading]
EUR/USD cycling 1.05, EU Retail Sales & US ADP Employment Change both miss the mark
Share: The EUR/USD reached a daily high of 1.0532 before slipping back to 1.0500. EU & US data both came in a mixed bag for Wednesday. US NFP still looms ahead on Friday. The EUR/USD clipped into a fresh daily high of 1.0532 on Wednesday after … [Continue reading]
US: S&P Global Service PMI drops to 50.1 in September
Share: US S&P Global Service PMI falls to 50.1 in September. US S&P Global Composite PMI unchanged at 50.2 in September US Dollar Index holds in negative territory around 106.70. The seasonally adjusted final S&P Global US … [Continue reading]
WTI trims intraday losses near 87.70 amid Saudi announces supply cuts till 2023
Share: WTI price recovers some of its intraday losses due to a correction in the US Dollar. Greenback pulls back from the 11-month high marked on Tuesday. Saudi Arabia announced to continue the existing policy of output cuts through the end of the … [Continue reading]
GBP/USD Price Analysis: Languishes near seven-month low, just above mid-1.2000s/38.2% Fibo.
Share: GBP/USD is seen consolidating in a narrow band near a multi-month low touched on Tuesday. The extremely oversold RSI on the daily chart holds back bearish traders from placing fresh bets. The divergent Fed-BoE policy outlook supports … [Continue reading]
Ireland Purchasing Manager Index Services: 54.5 (September) vs previous 55
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]
Canadian Dollar on the back foot as US Dollar maintains top-end market flows
Share: Canadian Dollar outflows continue for Tuesday as investors pile into the US Dollar. Canada PMIs, labor data still ahead later in the week, but US NFP to overshadow. Crude Oil prices are rebounding for Tuesday, providing limited support for … [Continue reading]
Solana price action leaves behind top altcoins as it outshines on key metrics
Share: Solana's price gained nearly 26% in the past seven days, leaving behind top altcoins. The Layer 1 chain recently hit a new TVL record, marking a 0.88% chain dominance. The inflow of capital into altcoins, including SOL, suggests increased … [Continue reading]
US Dollar unlikely to go back to last year’s peak – Charles Schwab
Share: The US Dollar has surged in recent months. Economists at Charles Schwab analyze Greenback’s outlook. Where is the US Dollar headed? The Dollar's strength is likely to continue until there are signs that the Federal Reserve is poised to shift … [Continue reading]
ECB’s Šimkus: Inflation is on its way down
Share: European Central Bank (ECB) Governing Council Gediminas Šimkus said on Tuesday, “Inflation is on its way down.” Further comments The prompt response of monetary policy was effective. Inflation still faces many lines of resistance. … [Continue reading]