Share: Manta Network, dYdX, Avalanche, Space ID, and ImmutableX will unleash millions of dollars worth of tokens into their circulating supply next week. While IMX will be holding a linear unlock, MANTA, DYDX, AVAX, and ID will have cliff unlocks. … [Continue reading]
Bitcoin Price Forecast: Five possible drivers that could take BTC to an all-time high in six months
Share: Bitcoin price has made multiple attempts at a breakout above the ascending parallel channel. The intermediate trend remains bullish despite the risk of a correction in the wake of buyer exhaustion. BTC could give sidelined investors a buying … [Continue reading]
Polkadot Price Prediction: 15% gain in sight with DOT on track to complete a path to perfection
Share: Polkadot price broke out of a falling wedge pattern, rising 82% to a multi-month high. DOT could climb 15% to reclaim the $8.6090 level as part of a full-cycle healthy retest. The bullish thesis will be invalidated if the altcoin breaks and … [Continue reading]
EUR/USD gets hung up on 1.0780 as buyer momentum continues to run out of steam at key technical levels
Share: EUR/USD continues to test a near-term ceiling at 1.0780. European PMIs slated for next Thursday, thin data until then. US PPIs rose on Friday, pinning markets into the midrange. EUR/USD is spinning in place on Friday after a brief test into … [Continue reading]
EUR/USD dips as PPI signals extended Fed tightening
Share: EUR/USD dips to 1.0759 as US inflation data exceeds expectations, suggesting sustained Fed attentiveness. January's US PPI rise shows ongoing inflation pressures, with core PPI exceeding predictions. ECB's cautious approach to rate cuts … [Continue reading]
Platinum: A break of $1,000 will mark the beginning of a bullish trend – ANZ
Share: Platinum’s price is hovering near a key support level of $900. Economists at ANZ Bank analyze the metal’s technical outlook. Consolidation near $900 If the price holds above $900, a recovery looks possible towards $936. However, a sustained … [Continue reading]
USD/INR recovers its losses ahead of US PPI data
Share: Indian Rupee trades softer on the renewed USD demand on Friday. RBI's Das said persistent food price shocks and heightened geopolitical tensions are hindering policymakers' efforts to curb inflation. Investors will monitor the US … [Continue reading]
WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks
Share: WTI recovers to $77.50 on the weaker of the US Dollar. The International Energy Agency (IEA) said the crude market could be in surplus throughout 2024. The escalating Middle East geopolitical tension might lift WTI prices as it disrupts … [Continue reading]
US stock indexes see lopsided gains on Thursday, but end the day broadly in the green
Share: Major equity indexes in the US trade mixed after opening in positive territory. Retail Sales in the US declined by 0.8% in January. Technology stocks underperform and weigh on Nasdaq Composite. The S&P 500 (SPX) index rose 0.58% to … [Continue reading]
Canadian Dollar finds some room after US Retail Sales miss overshadows Canadian Home Sales decline
Share: Canadian Dollar recovers ground on US data print. Canada sees low-impact data for the back half of the trading week. Crude Oil markets are in recovery mode, bolstering Canadian Dollar. The Canadian Dollar (CAD) found itself on the high side … [Continue reading]