EURUSD sees its recent strong upside temporarily trimmed on Tuesday. Gains could accelerate beyond the 100-day SMA at 1.0040. EURUSD meets robust resistance in the 1.0030/40 band for the time being, an area coincident with the 100-day SMA. If the … [Continue reading]
Market reaction to US midterm elections should be quite muted – Danske Bank
Today, the focus is on the US midterm elections. Economists at Danske Bank do not expect the election result to be a major market mover in the near-term. US midterm elections today “Republicans are favoured to win control of both House and Senate, … [Continue reading]
USDJPY extends gains above 146.80 amid anxiety ahead of US mid-term elections outcome
USDJPY climbs above 146.80 as the traction is returning in the risk-off profile. US yields are advancing after hawkish commentary from Fed policymaker Barkin. Japanese administration is set to approve more stimulus and hike taxes for ultra-wealthy … [Continue reading]
EURGBP fails to capture 0.8700 ahead of Eurozone Retail Sales
EURGBP has sensed selling pressure while attempting a break above 0.8700. The ECB is expected to paddle up its policy tightening measures to bring the inflation rate to 2%. Eurozone Retail Sales data is seen at 1.3% vs. the prior release of … [Continue reading]
FTT price drops by 7.5% as FTX’s CEO attempts to reconcile with Binance head CZ
FTT price noted a major downtick in 24 hours as speculation surrounding the token intensified. Binance’s head CZ attacked the company on Sunday, claiming the exchange would liquidate all remaining FTT in its holdings. Sam Bankman Fried reassured … [Continue reading]
USDCHF falls to weekly lows under 0.9900
US dollar remains weak after NFP, ahead of CPI. USDCHF extends its slide after finding resistance again at 1.0150. Next critical support is seen around 0.9850. The USDCHF is falling on Monday for the second day in a row and it dropped to 0.9874, … [Continue reading]
USD Index Price Analysis: Next on the downside comes 109.50
DXY extends the pessimism at the beginning of the week. The next support of note comes at the 109.50 region. DXY drops to multi-day lows and revisits the 110.30 zone amidst further improvement in the sentiment around the risk complex on … [Continue reading]
German Industrial Production rebounds 0.6% MoM in September vs. -0.8% expected
Industrial Production in Germany unexpectedly increased in September, the official data showed on Monday, suggesting that the manufacturing sector is moving out of the woods. Eurozone’s economic powerhouse’s Industrial Output jumped by 0.6% MoM, the … [Continue reading]
Bitcoin Price Prediction: BTC’s next stop is $22,000 if…
Bitcoin price retests the $20,970 support level, hinting at a reset before the next leg. If the existing support structure holds, investors can expect BTC to trigger a run-up beyond $22,000. A daily candlestick close below $20,742 will invalidate … [Continue reading]
Terra’s LUNA price back on the drawing board after snapping out of a 13% bullish breakout
LUNA price seeks support at a confluence level created by the 50-day EMA and the 100-day EMA. Terra’s LUNA price is in grave danger of dropping to retest $2.30. Bulls could resume the 13% double-bottom breakout to $2.88 if LUNA reclaims the neckline … [Continue reading]