USD/CAD is seen consolidating its recent strong move up to the highest level since May 2020. An uptick in Oil prices underpins the Loonie and caps the pair amid a modest USD weakness. The fundamental backdrop supports prospects for a further … [Continue reading]
Australian Dollar continues to recover despite an improved US Dollar
The Australian Dollar recovers its recent losses due to the hawkish RBA. Australia's 10-year government bond yield eased to near 4.66%, pulling back from a one-year high. The US Dollar may appreciate following hawkish comments from Fed officials. … [Continue reading]
AUD/USD posts modest gains above 0.6450 despite stronger US Dollar, eyes on RBA Meeting Minutes
AUD/USD trades with mild gains near 0.6460 in Monday’s early Asian session. Fed Chair Powell downplayed the need for aggressive rate cuts, citing economic strength. The hawkish RBA might cap the downside for the pair. The AUD/USD pair … [Continue reading]
Could a Solana ETF debut in 2025? Expert weighs in
VanEck's Mathew Sigel suggests that the odds of a Solana ETF approval are very high. BlackRock's Robert Mitchnick stated that the firm is not interested in crypto products other than Bitcoin and Ethereum. The new SEC administration will play a key … [Continue reading]
Cardano Price Prediction: ADA soars 18%, eyes $0.8104 following increased buying pressure and recent rumors
Cardano price today: $0.6830 ADA's rally could be due to rumors of the federal government leveraging Cardano to build a blockchain-based election voting system. ADA's exchange flows, and open interest shows increased appetite among bullish … [Continue reading]
NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated
NZD/USD pair traded volatile during Friday's session, clearing all of its daily gains. Pair initially soared to a high around 0.5970 near the 20-day SMA before erasing all the gains towards 0.5850. The RSI signaled that buying pressure recovered as … [Continue reading]
Silver Price Forecast: XAG/USD remains bearish biased, dips below $30.30
Silver struggles to maintain momentum, hovering near the 100-day SMA at $30.34 with a downward bias. Potential further decline could see silver test key supports at $30.00 and the 200-day SMA at $28.63. A rebound above $31.00 could challenge higher … [Continue reading]
US Dollar retreats and consolidates after Retail Sales and Powell’s words
The USD retreated on Friday after hitting yearly highs near 106.60. The market has responded to Fed Chair Powell's comments with odds of a December cut falling to 60%. Retail Sales expanded by 0.4% in October vs. the previous month, surpassing … [Continue reading]
Ethereum Price Forecast: ETH could stage 60% rally despite recent decline
Ethereum price today: $3,090 Ethereum's rising exchange reserve and decreasing on-chain activity are potentially responsible for its recent price decline. Ethereum ETFs halted their inflow streak after recording outflows of $3.2 million. Ethereum … [Continue reading]
Dow Jones Industrial Average backslides 300 points on bearish Friday
The Dow Jones fell seven-tenths of a percent on Friday. Stocks are paring back recent election-fueled gains. US Retail Sales beat forecasts, but still grew by a smaller amount in October. The Dow Jones Industrial Average (DJIA) trimmed it’s recent … [Continue reading]