The US Dollar Index (DXY) has moved back above the 105.00 level for the first time since the middle of November. Economists at MUFG Bank analyze USD outlook. The Fed could lag behind European central banks when starting to cut rates Market attention … [Continue reading]
USD/INR drifts higher following Indian Manufacturing PMI data
Indian Rupee struggles to gain ground on Monday amid a stronger USD. India’s HSBC Manufacturing PMI came in at 59.1 against 56.9 prior, worse than expected. Several polls showed the RBI would maintain the repo rate steady at 6.50% in the … [Continue reading]
PBoC sets USD/CNY reference rate at 7.0957 vs. 7.0938 previous
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/JPY Price Analysis: Hold steady below 152.00 amid intervention threats
USD/JPY is modestly up, reflecting a cautious market amidst higher US Treasury yields and potential for Japanese intervention. Technical indicators suggest resistance at 152.00, with further targets at 153.00 and 155.00 should the major break higher. … [Continue reading]
Gold Price Forecast: XAU/USD corrects near-term extreme overbought conditions
XAU/USD Current price: $2,239.91 Upbeat United States data confirmed Federal Reserve’s conservative approach to rate cuts. Stock markets returned from the long weekend with a soft tone, Wall Street dips. XAU/USD retreats from record highs, retains … [Continue reading]
Ten tokens to watch as Bitcoin halving looms
Bitcoin halving will occur on April 22 at 2:55 UTC, in around 20 days. BRC 20 tokens, assets that use Bitcoin as a sidechain, and ecosystem tokens could benefit from BTC gains. Stacks, Core, RSK Infrastructure Framework, and Syscoin – which use … [Continue reading]
USD/INR loses traction ahead of US Manufacturing PMI data
Indian Rupee recovers some lost ground on Monday, despite the firmer US Dollar. India's growth and inflation dynamics might convince the RBI to hold rates higher for longer. The US ISM Manufacturing PMI will be due on Monday. Indian … [Continue reading]
Australian Dollar stays calm due to thin trading on Easter Monday
Australian Dollar gains ground on encouraging Chinese PMI data. RBA Meeting Minutes will be awaited to be released on Tuesday. Chinese Manufacturing PMI came in at 51.1, against the expected 51.0 and 50.9 prior. US Dollar faces challenges after … [Continue reading]
Ethereum’s short-term range forecasts $4,000 but with a warning for eager ETH bulls
Ethereum price trades inside the $3,054 to $4,095 range on the four-hour chart. A sweep of the sell-side liquidity seems likely before ETH attempts to move $4,000. In some cases, ETH could sweep the rang high at $4,095. Ethereum (ETH) price looks … [Continue reading]
Decentraland price consolidation could lead to a breakout rally beyond $1
Decentraland price has formed an Adam and Eve setup on the weekly chart. A decisive breakout from the neckline at $0.788 forecasts a 64% upswing to $1.292. A weekly candlestick close below $0.542 will invalidate the bullish thesis for MANA. … [Continue reading]