Share: USD/CHF gains momentum and reclaims the 0.8700 area on Tuesday. US S&P Global PMI data revealed that Manufacturing activity for July increased from 46.3 to 49. The Federal Reserve (Fed) will announce the outcome of its monetary policy … [Continue reading]
USD/CHF Price Analysis: Gains on strong US Dollar, oscillators are mixed ahead of Fed’s decision
Share: The USD/CHF could shift to a neutral bias if it reclaims the May 4 daily low of 0.8819, which converges with the 61.8% Fibonacci (Fibo) retracement level. Resistance beyond this point lies at the confluence of the 50-day EMA and the 78.6% … [Continue reading]
US Dollar builds on last week’s gains after PMI data
Share: US Dollar stays strong against its major rivals to start the week. US Dollar Index clings to modest daily gains above 101.00. US data showed that private sector's economic activity continued to expand in July. The US Dollar started the new … [Continue reading]
USD/IDR: BI will only dial-up its concern over the Rupiah if it tracks above the 15,200 level – TDS
Share: USD/IDR appears to be consolidating around the 15,000 level. Economists at TD Securities analyze Rupiah outlook ahead of Bank Indonesia meeting. BI to keep its 7-day reverse repo rate at 5.75% We expect BI to keep its 7-day reverse repo rate … [Continue reading]
EUR/USD: Signs of US disinflation to lift the pair toward 1.15 – ING
Share: EUR/USD now has a clear bias towards 1.15 over the coming months and quarters, economists at ING report. US disinflation undermines the Dollar Strong signs of US disinflation and bullish steepening of the US yield curve should be a EUR/USD … [Continue reading]
Gold Price Forecast: XAU/USD consolidates around 100-day SMA as traders await Fed, ECB policy meetings
Share: Gold price oscillates in a narrow trading band through the Asian session on Monday. Traders prefer to move to the sidelines ahead of this week's central bank event risks. China's economic woes, US-China tensions and geopolitical risks to act … [Continue reading]
Litecoin likely to lead alt season rally counting down to the LTC halving event
Share: Litecoin whale transactions remain consistently high less than ten days away from the halving event. LTC is likely to kick off the alt season rally close to its halving slated to occur on August 2. Litecoin’s social dominance is on the … [Continue reading]
XRP whale wallets skyrocket as holders wait and watch SEC’s appeal
Share: XRP wallets holding upwards of 100 million tokens has climbed to 199, the highest level recorded since May 13. The altcoin has emerged as a trending topic among market participants since Judge Torres’ ruling and the SEC’s intention to … [Continue reading]
Celsius creditors likely to see their funds soon as bankrupt crypto lender reaches settlement
Share: Bankrupt crypto lender Celsius Network reached two settlements that are likely to allow creditors to see their assets back soon. The next bankruptcy proceeding is scheduled for August 10 when Judge Martin Glenn will address $78.2 … [Continue reading]
Ethereum, Tron and Bitcoin worth $23 million drained from Alphapo hot wallets
Share: A crypto payment service provider Alphapo’s hot wallet was hacked and $23 million in Ethereum, Tron and Bitcoin were stolen. Ether stolen by the attacker was bridged to Avalanche and Bitcoin. The payment processor caters to … [Continue reading]