Share: Bitcoin price remains under the $36,500 level as the absence of momentum leaves BTC susceptible to a slump. Ethereum price risks at least 5% slump to the $1,864 level if it loses critical support at $1,935. Ripple price risks a 10% drop to … [Continue reading]
AUD/JPY Price Analysis: Friday’s bullish close looking for a rebound into 98.00
Share: The AUD/JPY saw a late break higher in Friday's broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds … [Continue reading]
US Dollar closes its worst week since July as investors bet on a dovish Fed
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not … [Continue reading]
New Zealand Dollar continues climbing against US Dollar
Share: The New Zealand Dollar trades higher against the US Dollar but lower versus the Yen on Friday. The Kiwi is supported by a relatively benign outlook for inflation amongst most counterparts. NZD/USD establishes a floor and rebounds, … [Continue reading]
Oil: Saudi Arabia will extend its production cuts into 2024 if they want prices to remain above $80 – ANZ
Share: Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. … [Continue reading]
SushiSwap partnership for native Bitcoin swaps fails to trigger SUSHI rally
Share: Sushi has partnered with ZetaChain to explore native Bitcoin swaps for users across 30 blockchain networks. Experts believe Bitcoin users could gain exposure to DeFi in a native manner through the integration. SUSHI price yielded … [Continue reading]
EUR/USD could still advance to 1.0945 – UOB
Share: The continuation of the upside momentum could lift EUR/USD to the 1.0945 level in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We noted yesterday that “the … [Continue reading]
Kaspa price jumps 15% as Binance listing makes KAS too big to ignore
Share: Kaspa price has jumped 15% in the last 24 hours, nearly 70% on the week to test the $0.1400 psychological level. The pump comes on news that Binance exchange is listing KAS, making the altcoin available for perpetual trading. After the … [Continue reading]
Here’s why Litecoin price remains unchanged despite recording 1 million transactions in one day
Share: Litecoin price on November 14 noted no change, and neither did the volume, even though 1 million transactions were recorded on-chain. Nearly 88% of the transactions were worth less than $1 and were mainly comprised of first-time active … [Continue reading]
GBP/USD edges higher amid US economic slowdown, expectations for Fed cuts
Share: GBP/USD rises more than 0.20% due to a deteriorating economic outlook in the US. US jobless claims exceeding forecasts portray the labor market is easing. Federal Reserve officials pushed back against rate cuts next year, with investors … [Continue reading]