Cardano head Charles Hoskinson stated decentralized identities (DIDs) are critical for the compliance of Travel Rules. Hoskinson said that the appeal of DeFi is pushing more centralized players into pursuing decentralized identities. Cardano price is … [Continue reading]
Chainlink Price Prediction: The uptrend rally depends on these factors
Chainlink price rallied by 27% this week after a strong monthly decline. LINK price shows bearish divergence on the Relative Strength Index and a lack of buyer’s interest from the Volume Indicator. A breach above $7.50 would Invalidate the bearish … [Continue reading]
Is the Dogecoin price rally a leading indicator to enter the market?
Dogecoin price has rallied 12% today while the rest of the market remains quiet. On-chain metrics suggest smart money may have already offloaded their positions. A breach above $0.096 would invalidate the bearish outlook. Dogecoin price has … [Continue reading]
WTI extends losses below $80.00 on buoyant US Dollar, China’s Covid woes
China’s coronavirus crisis weighs on WTI price, on speculations of lower demand. The Eurozone threatening to impose a cap on Rusian and a buoyant US Dollar keeps WTI defensive. WTI Price Analysis: A daily close below $80.00 could pave the way for a … [Continue reading]
EUR/USD: Weekly close above 200DMA at 1.0380 to reinforce bullish momentum – Scotiabank
EUR/USD consolidates above the 200-Day Moving Average (DMA) at 1.0380. A weekly close above here would add bullish potential, economists at Scotiabank report. EUR to remain well-supported on modest dips “Intraday trading patterns show the EUR edging … [Continue reading]
GBP/USD could see some further gains to the 1.22/23 area – ING
GBP/USD touched its highest level in three months at 1.2155 on Thursday. Cable could see further gains to the 1.22/23 region, economists at ING report. EUR/GBP has good support in the 0.8550/8600 area “We think positioning has played a major role in … [Continue reading]
USD/INR Price News: Declines below the 81.60 cushion as risk-on profile cripples US Dollar
USD/INR is expected to display sheer losses as it has surrendered the critical support of 81.60. The 10-year US Treasury yields have dropped to near 3.66% as investors see no 75 bps rate hike move ahead. Weaker oil prices and firmer Indian … [Continue reading]
Japan Corporate Service Price Index (YoY) meets forecasts (1.8%) in October
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]
Silver Price Forecast: XAG/USD retraces after hitting a new week high around $21.60s
US Dollar weakened across the board on dovish-tilted Federal Reserve minutes. Mixed economic data from the United States keeps the US Dollar pressured. XAG/USD Price Analysis: Remains upward after conquering the 200-DMA, eyeing $22.00. Silver price … [Continue reading]
Will crypto survive if Genesis goes bust, Binance CEO CZ chimes in
Genesis waits for bailout from potential investors following FTX contagion. Binance CEO CZ assures investors that crypto will survive even if Genesis doesn’t. Genesis is committed to solving the situation without filing for bankruptcy like the … [Continue reading]