Sui’s price closes below its ascending trendline, indicating a correction ahead. The technical outlook suggests a pullback as momentum indicators show signs of weakness. Coinglass data shows that SUI’s long-to-short ratio reached the lowest level in … [Continue reading]
GBP/USD eases back as markets tiptoe through the midweek
GBP/USD gave back a fifth of a percent on Wednesday. It’s a slim schedule on the data docket for Thursday. Investors are awaiting Friday’s PMI double-header from both the UK and the US. GBP/USD softened on Wednesday, easing back around one-fifth of … [Continue reading]
Forex Today: US data and Trump dictate the sentiment in the FX galaxy
The US Dollar regained some balance and managed to set aside part of the weekly pullback as market participants continued to assess headlines around Trump 2.0. Here is what you need to know on Thursday, January 23: The US Dollar Index (DXY) clawed … [Continue reading]
US Dollar flat with selling pressure persisting after more tariff talks
The US Dollar consolidates on Wednesday after two days of losses as the correction aims to continue. Traders mull over the 10% levy over Chinese goods President Trump announced on Tuesday. The US Dollar Index (DXY) tests the 108.00 mark … [Continue reading]
DXY: 2-way trades on a daily chart – OCBC
US Dollar (USD) bounced slightly on headlines that President Trump is considering a 10% tariff on China in retaliation for the flow of fentanyl on 1 February. Trump also said that ‘we are talking about a tariff of 10% on China based on the fact that … [Continue reading]
USD/INR edges higher as Trump threatens China with tariffs
The Indian Rupee trades flat in Wednesday’s early European session. Renewed USD demand and Trump’s tariff announcements might weigh on the INR. The routine RBI intervention and lower crude oil prices might cap the downside for local … [Continue reading]
Will Bitcoin price reach $200K after Trump’s inauguration? BitDCA CTO weighs MicroStrategy, El-Salvador impact
Bitcoin price hit a new all-time high $109,000 after Trump’s inauguration on Monday. BTC on-chain transaction volumes dropped by 37% in the last two weeks, signaling that institutional investors are leading the current rally. In an exclusive … [Continue reading]
Mexican Peso remains heavy following Trump’s tariffs rhetoric
Mexican Peso trims gains post-Trump inauguration amid tariff threats against Mexico and Canada. President Sheinbaum commits to defend Mexico's sovereignty, seeks dialogue with heightened US tensions. Mexico's Retail Sales show resilience in November; … [Continue reading]
EUR/USD Price Analysis: Seller takes a toll on recent gains
EUR/USD drops to a low 1.0355 on Tuesday, shedding part of its weekly gains. RSI stands at 52 in positive territory, yet its rapid decline raises concern over near-term resilience. MACD histogram features rising green bars, hinting at … [Continue reading]
EUR/CAD gives up significant intraday gains ahead of Canadian inflation data
EUR/CAD gives up a majority of intraday gains and falls back below 1.0500. Trump mentioned that he planning to announce 25% tariffs on Canada and Mexico. The ECB is expected to cut its Deposit Facility rate gradually in each of its next four policy … [Continue reading]