Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
EUR/USD treads water around mid-0.9900s as traders await Euro zone GDP, inflation and Fed
EUR/USD seesaws above a three-week-old previous resistance line after two-week uptrend. Market’s anxiety ahead of the top-tier EU data, FOMC keeps traders on the edge. Risk-negative headlines, firmer yields challenge buyers as DXY grinds … [Continue reading]
GBP/USD sees upside above 1.1600 as market mood soars, Fed/BOE policy remains a key
GBP/USD is eyeing more gains after a break above 1.1600 amid improved risk appetite. The odds of a 75 bps rate hike by the Fed helped yields to rebound. Tightening fiscal and monetary policy would give a strong fight double-digit inflation … [Continue reading]
Gold, Chart of the Week: XAU/USD its make or break time
Gold is at a crossroads as we head into the Fed this week. The bears are lurking below a critical technical structure with price below trendline resistance. Gold closed within last week's range on Friday, firmly back into the hands of the … [Continue reading]
Stablecoin arms race: Everything you need to know about blockchain central banks
Stablecoin GHO by Aave is yet to be released and it is the first overcollateralized stablecoin similar to MakerDAO’s DAI. Researchers at Jarvis Labs believe stablecoins with sizable liquidity, automated market makers and lending markets make up the … [Continue reading]
Ethereum dominance over Bitcoin draws to close, no more flippening?
Ethereum price dominance over Bitcoin and the rest of the crypto industry continued throughout the month of October. Analysts at crypto intelligence platform Santiment believe Ethereum’s dominance is coming to a close as ETH address activity … [Continue reading]
Ripple price: Will crypto lobbyist group’s support for Ripple push XRP price higher?
Ripple has received support from crypto lobbyist group Blockchain Association that asked the court for permission to support the giant in its legal battle. Amicus briefs were filed by interested parties and supporters of Ripple, The Internet Choice … [Continue reading]
NFT traders alert: Post Elon Musk takeover, Twitter quietly rolls out NFT trading feature
Elon Musk’s takeover of Twitter has ushered in a new era of crypto and NFT integration on the social media platform. Twitter announced the beta test of NFT tweet tiles alongside Musk’s $41.39 billion takeover. Select users are testing the … [Continue reading]
Cardano price: Key ADA dynamics to watch out as Ethereum-killer climbs higher
Cardano developers announced a new release for Hydra, ADA’s layer-2 scalability solution. Ethereum-killer Cardano recovered from its decline on October 26 and yielded 16% gains for ADA holders over the past week. Analysts believe Cardano … [Continue reading]
Dogecoin price: Why DOGE price nearly doubled in thirty days, what next?
Dogecoin whale profit-taking climbs, 400 million DOGE tokens moved to Binance, the largest cryptocurrency exchange by volume. Self-proclaimed Dogefather and Tesla’s billionaire CEO Elon Musk completed his takeover of Twitter, fueling the … [Continue reading]