The Euro is falling against the US Dollar after hitting a six-month high nearby 1.0600. US ISM Non-Manufacturing activity surprisingly jumped in the United States. Eurozone data was mixed, though tilted negative as Retail Sales dropped. EUR/USD Price … [Continue reading]
Recent TRY stability to be followed by further weakness – MUFG
The Turkish Lira has continued to display remarkable stability against the US Dollar in November. Nonetheless, risks remain heavily tilted to the downside for the TRY, in the view of economists at MUFG Bank. Intervention is helping to support … [Continue reading]
Austria Gross Domestic Product (QoQ): 0.2% (3Q) vs -0.1%
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]
Kuwait’s Oil Minister: OPEC+’s decisions based on oil market data and to ensure market stability
Following a meeting where the OPEC and its allies (OPEC+) decided to continue its existing policy, Kuwait's Oil Minister Bader al Mulla said late Sunday that OPEC+'s decisions are based on oil market data and ensure the market's stability. He added … [Continue reading]
Gold Price Forecast: XAU/USD struggles around $1,800 ahead of ISM Services PMI data
Gold price is hovering around $1,800.00 as investors await US ISM Services PMI data. The upbeat US NFP data has failed to fade the odds of the Fed’s rate hike slowdown. Solid United States Services New Orders could drive inflation expectations … [Continue reading]
AVAX Price Prediction: Traders bet should be on Avalanche bulls triggering a 15% rally
AVAX price has breached an inverse head-and-shoulders setup, hinting at a 13% upswing. The recent developments suggest that this move could propel Avalanche market value to $16. Invalidation of the bullish outlook will occur, on the breakdown of … [Continue reading]
XRP Price Prediction: Ripple bulls delay an inevitable retest of $0.60
XRP price has flipped a crucial hurdle at $0.40, hinting at a bullish development. Due to the lack of momentum the upswing to $0.448, $0.506 and $0.609 is delayed. A daily candlestick close below $0.316 will invalidate the bullish thesis for … [Continue reading]
Ethereum Price Prediction: ETH bulls come to the rescue with a plan to revisit $1,500
Ethereum price retraces 5.24% allowing sidelined buyers another opportunity to accumulate. A resurgence of buying pressure could propel ETH to $1,500 psychological level. Invalidation of the bullish thesis will occur below $1,195 support … [Continue reading]
Assessing the chances of Bitcoin price revisiting $20,000 before 2022 ends
Bitcoin price consolidates on the four-hour timeframe, hinting at a volatile move soon. A minor retracement to $16,536 is likely before BTC kickstarts its explosive rally to 2022’s highest traded level at $19,235. Invalidation of the bullish outlook … [Continue reading]
Shiba Inu Price Forecast: Can the new dog compete with Dogecoin’s 160% rally?
Shiba Inu price shows a bullish monthly chart, indicating that a big move is cued up. A bullish divergence is under development on the monthly with a potential for a reset of the RSI at the 50 level. Invalidation of the bullish outlook will occur if … [Continue reading]