Economists at ANZ Bank have downgraded their Australian GDP forecast to 1.5% year-on-year by end-2023. Notwithstanding the slower forecast growth trajectory, the the extent of RBA tightening is unchanged. Growth downgrade doesn’t change the policy … [Continue reading]
FX option expiries for Dec 19 NY cut
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]
USD/CHF Price Analysis: Pullback remains elusive beyond 0.9280
USD/CHF remains pressured near intraday low, prints the first daily loss in three. Multiple supports stand tall to challenge sellers even as looming bear cross on MACD signal further downside. 200-HMA, two-week-old descending trend line guard … [Continue reading]
BoJ to water down price target
Reuters reported that Japan's government is set to revise a decade-old joint statement with the Bank of Japan (BOJ) that commits the central bank to achieve its 2% inflation "at the earliest date possible," Kyodo news agency reported on Saturday, … [Continue reading]
Bitcoin Price Prediction: Is this the bull trap that will bring BTC below $14,000?
Bitcoin price slips as all gains get erased during the week. BTC could slide further as the global outlook turns negative. With more negative headlines from several corners, it looks rather likely that $16,020 is up for another test. Bitcoin (BTC) … [Continue reading]
Cardano Price Prediction: ADA hopes for a White Christmas trashed by the Fed and ECB
Cardano price slides lower after firm rejection against the trend line on a weekly chart. ADA is set to continue its bearish path. Expect to see the risk of a selloff in the last two weeks of 2022, bearing a 35% decline. From a purely technical … [Continue reading]
Apecoin Price Prediction: APE returns to base with 28% slide as central banks crush hopes
Apecoin price drops after rejection against the bearish trend line. APE saw headwinds turning up at its most crucial moment. With investor sentiment crushed by central banks, expect to see further declines. Apecoin (APE) price was on the cusp of … [Continue reading]
Shiba Inu Price Prediction: SHIB no match for Central Banks as a 20% selloff continues
Shiba Inu price slid lower again this week as global markets rolled over after hawkish comments from the FED and ECB. SHIB received a firm rejection last week at the top side and is continuing its fade. Expect to see $0.00000712 to be tested at the … [Continue reading]
Ripple price prediction: XRP traders not buying the message from the Fed with a 15% penalty
Ripple price consolidates as price action goes nowhere. XRP flatlines as the most eventful week of 2022 cannot trigger a rally or a selloff. Expect pressure to build further with a possible leg lower as the underpinned area at $0.3616 gets … [Continue reading]
Ethereum price prediction: ETH risks materialising rejection with fade towards $1,075
Ethereum price tried breaking above the 55-day SMA this week. ETH fades and could break down from this rally since the end of November. The importance of the weekly close will be key, with any close below the 55-day SMA opening up the risk for an 18% … [Continue reading]