Bitcoin hovers around the $62,000 support level; a firm close below would suggest a decline ahead. Ethereum faces rejection from its daily resistance level of $2,461, indicating a bearish momentum. Ripple price is nearing its crucial resistance … [Continue reading]
Ethereum could rally above $7,000, leads overvalued Solana on key valuation metrics: Standard Chartered
Ethereum leads ‘overvalued’ Solana in several key metrics, according to Standard Chartered analysts. The bank noted that Ethereum could rally to $7,000 under a Harris administration and $10,000 under Trump. Ethereum bounced off the support level near … [Continue reading]
Dow Jones Industrial Average trims losses on Tuesday
The Dow Jones held steady on Tuesday, treading water near 42,000. Geopolitical market tensions eased after the US discouraged an Israeli escalation against Iran. Investors are now grappling with lower rate cut expectations after last week’s labor … [Continue reading]
EUR/USD Price Prediction: Chart of bad omens with break below trendline, Double Top
EUR/USD has broken below a key trendline and might have formed a bearish pattern. A Double Top reversal pattern could potentially be a bad omen for the pair. EUR/USD breaks below the trendline for the rally since June. On Tuesday … [Continue reading]
Gold edges lower within range as China outlook weighs
Gold is edging lower within its range as markets revise down their outlook for China, the world’s largest consumer of Gold. The precious metal is supported by ETF flows and haven demand amid raised geopolitical tensions. … [Continue reading]
Japanese Yen remains on the front foot against USD; lacks bullish conviction
The Japanese Yen recovers further from a two-month trough touched against the USD on Monday. Geopolitical tensions benefit the safe-haven JPY and exert downward pressure on the USD/JPY pair. The BoJ rate hike uncertainty caps gains for the JPY … [Continue reading]
Australian Dollar gathers strength after RBA Minutes
The Australian Dollar recovers some lost ground in Tuesday’s Asian session. The hawkish remarks of the RBA lift the Aussie, but the fear of geopolitical risks might cap its upside. Investors will keep an eye on the Fedspeak later on … [Continue reading]
Gold on the backfoot amid rising US yields, Middle East hostilities
Gold trades at $2,645, down 0.30%, as US 10-year Treasury yields rise to 4.026%, capping further upside. Middle East conflict escalation involving Israel, Hamas, and other groups like Houthis supports Gold amid risk-off sentiment. Market expectations … [Continue reading]
Dow Jones Industrial Average eases back on cautious Monday
The Dow Jones shed 250 points to kick off the new trading week. Equities are pulling back in the face of lower rate cut expectations. Middle East geopolitical tensions are driving risk appetite even lower. The Dow Jones Industrial Average (DJIA) … [Continue reading]
US Dollar has calm Monday with markets looking for Fed speakers
The US Dollar in calm regime on Monday, though still at elevated levels near last week’s high. Tensions in the Middle East keep lingering while traders gear up for the Fed Minutes and US CPI release later this week. The US Dollar Index … [Continue reading]