Share: EUR/USD could meet the immediate resistance at the 38.2% Fibonacci retracement level of 1.0864. The lagging indicator MACD implies a potential shift towards bullish momentum for the pair. The key support area appears around the 21-day EMA at … [Continue reading]
NZD/USD loses ground below the 0.6200 barrier, investors await the RBNZ rate decision
Share: NZD/USD holds a negative note near 0.6170 in Tuesday’s early Asian session. Sticky inflation in the US prompted investors to push back against the expectation of rate cuts. The RBNZ is expected to keep the rate on hold on Wednesday, … [Continue reading]
EUR/USD Forecast: Extra gains need to leave behind 1.0830
Share: EUR/USD resumed its uptrend north of 1.0800. ECB’s Stournaras favoured a rate cut in June. Markets’ attention will be on US PCE, EMU CPI. Following Friday’s knee-jerk, EUR/USD managed to resume its multi-session recovery and revisited the … [Continue reading]
EUR/USD: Downtrend can extend on a break under last week’s low of 1.0760 – SocGen
Share: EUR/USD on front foot. Economists at Société Générale analyze the pair’s technical outlook. Upside limited EUR/USD recently carved out an interim trough at 1.0695. An initial bounce is under way, but the pair is struggling to establish … [Continue reading]
USD/CAD sticks to intraday gains around 1.3525 amid weaker Crude Oil prices
Share: USD/CAD scales higher for the second successive day on Monday amid sliding Oil prices. Retreating US bond yields undermines the USD, though does little to hinder the uptick. The US housing market data could produce short-term trading … [Continue reading]
Singapore Industrial Production (YoY) came in at 1.1%, below expectations (4.5%) 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]
Japan Corporate Service Price Index (YoY) fell from previous 2.4% to 2.1% 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]
Near Protocol Price Prediction: NEAR pumps 10% as investors envision another buy opportunity here
Share: Near Protocol price is up almost 10% as sidelined and late traders join investors in looking for the next entry. NEAR could provide another buying opportunity at the 50% Fibonacci retracement level of $3.34. A break and close below the … [Continue reading]
UNI price drops over 10% as Uniswap DEX switches on their fee distribution incentive
Share: Uniswap Foundation proposed to switch on the fee distribution incentive in the summer of 2022 and has since followed through. UNI token holders who have delegated and staked their tokens will be rewarded/incentivized. UNI price … [Continue reading]
Ethereum price teases with a breakout, eyes $3,200 milestone as ETH bulls show resolve
Share: Ethereum price is confronting the upper boundary of the ascending parallel channel after multiple attempted breakouts. ETH could make a 6% climb to $32,000 as bulls continue to show up The bullish thesis will be invalidated if the PoS’s … [Continue reading]