Ethereum price today: $3,310The decline in Ethereum's estimated leverage ratio, alongside a drop in open interest, indicates ETH's recent rise has been spot-driven.US investors are leading buying activity again following a recovery in the Coinbase … [Continue reading]
WTI Price Forecast: Oil struggles below $60 as bullish momentum fades
West Texas Intermediate (WTI) edges lower on Thursday, giving back this week’s gains as geopolitical risk premiums fade after US President Donald Trump softened his rhetoric on Iran, easing fears of imminent military action. At the time of writing, … [Continue reading]
EUR/USD Price Forecast: Bears gain ground, lower lows ahead
EUR/USD Current price: 1.1607Increased uncertainty pushes the US Dollar marginally higher.EU and US upbeat macroeconomic data not enough to lift the market’s mood.EUR/USD gains downward traction, critical support at 1.1590The EUR/USD pair eases … [Continue reading]
EU: Mercosur trade deal a strategic geopolitical win – Standard Chartered
EU to sign a free trade agreement with the Mercosur bloc 25 years after first entering talks. The deal, still pending ratification, will reduce import duties on over 90% of exports over 15 years. Mercosur likely to see greater economic benefit; for … [Continue reading]
US Dollar Index strengthens above 99.00 on robust US Retail Sales
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.15 during the early European session on Thursday. The weekly US Initial … [Continue reading]
Gold Price Forecast: XAU/USD climbs above $4,600 as geopolitical tensions escalate
Gold price (XAU/USD) climbs to near $4,615 and is set to retest a record high during the early Asian session on Thursday. The precious metal extends its upside as traders flock to safe havens amid geopolitical and economic uncertainties. Traders … [Continue reading]
GBP/USD rallies as Fed independence threats hammer Dollar
The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by Japanese officials, boosted the Yen. The GBP/USD trades at 1.3461 up by … [Continue reading]
United States EIA Crude Oil Stocks Change came in at 3.391M, above expectations (-2.2M) in January 9
Gold resumes its ongoing recovery, quickly leaving behind Tuesday’s hiccup and hitting all-time highs around $4,640 per troy ounce on Wednesday. The move higher in the yellow metal comes in response to tepid losses in the Greenback, declining US … [Continue reading]
Pi Network Price Forecast: PI holds rebound amid improving market sentiment
Pi Network (PI) trades around $0.2100 at press time on Wednesday, steadying after a 1% bounce back from a crucial support trendline on the previous day. The rebound aligns with improving sentiment across the broader cryptocurrency market as Bitcoin … [Continue reading]
USD/JPY Price Forecast: Approaches 160.00 on Yen’s continued underperformance
The USD/JPY pair posts a fresh one-and-a-half-year high near 159.45 during the early European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) continues to underperform across the board amid political uncertainty in Japan. … [Continue reading]