AVAX price recovered its November 2022 crash losses following the 17% spike in value on Friday. Avalanche will need bullish support in order to sustain this rise and rally toward the next critical resistance level. If the rise in price is countered … [Continue reading]
FTX Bankruptcy: JPMorgan, Goldman Sachs, HSBC banks join the list of distressed creditors
Goldman Sachs has reportedly not filed a claim against FTX but has been included in the creditors' list. Google, Meta, Twitter, Apple and many more major companies are also among FTX's thousands of creditors. FTT price rallied by more than 20% during … [Continue reading]
EUR/USD holds at around 1.0860s as traders brace for the Fed and ECB’s decisions
The US core PCE, the Fed’s preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower. EUR/USD Price Analysis: Upward biased, but short-term neutral, ahead … [Continue reading]
GBP/USD retreats after facing a wall of resistance in 1.2400, slips to 1.2370s
GBP/USD is set to finish Friday with losses of at least 0.20%. United States inflation continues to wane but remains twice elevated of Fed’s target. GBP/USD Price Analysis: To remain sideways ahead of the Fed and BoE monetary policy … [Continue reading]
Singapore: Industrial Production expanded above estimates in December – UOB
Alvin Liew, Economist at UOB Group, reviews the latest Industrial Prodcution results in Singapore. Key Takeaways “Singapore’s industrial production (IP) ended 2022 with a surprise +3.2% m/m SA increase in Dec. Nevertheless, this still translated into … [Continue reading]
USD/CAD sticks to modest intraday gains, lacks follow-through amid bullish oil prices
USD/CAD regains some positive traction on Friday amid a modest pickup in the USD demand. Thursday’s upbeat US macro data fuels hawkish Fed expectations and benefits the greenback. Bullish crude oil prices continue to underpin the Loonie and keep a … [Continue reading]
Gold Price Forecast: XAU/USD confirms bearish wedge ahead of United States inflation data
Gold price looks to extend the correction toward weekly lows of $1,911. Eyes on Federal Reserve’s preferred inflation data after United States Gross Domestic Product beat. Gold price rally falters amid a rebound in the US Dollar and US Treasury bond … [Continue reading]
Japan Tokyo CPI ex Food, Energy (YoY) below forecasts (2.8%) in January: Actual (1.7%)
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]
Crypto.com Price Prediction: CRO poised for a 50% rally if these conditions are met
Crypto.com consolidates after rallying 50% in January. A 50% spike toward $0.12 is possible if bulls maintain support. The health of the uptrend depends on the $0.054 remaining untagged. Crypto.com price is worth keeping a close eye on. After an … [Continue reading]
ChainlinkPrice Forecast: LINK at risk of dropping 10% under inflated tail risk pressures
Chainlink price sees bulls unable to pop above the $7.20 level. LINK price shows signs of weakness with lower highs for a fourth consecutive day. The decline comes with the green light for deliveries of heavy tanks from the US and Germany to Ukraine, … [Continue reading]