Share: Market rate expectations remains de-coupled from Fed language. US Services PMI and service provider inflation remain elevated. Markets left to chew on rate-cut potential with little high-impact data remaining. .US equity markets saw red on … [Continue reading]
US Dollar gains additional ground on strong US Services PMI
Share: The DXY rose by more than 0.50% to 104.50 on Monday. The US service sector continues to show robustness, making markets disregard an interest rate cut in March. US Treasury yields continue to rise, boosting the Greenback. The US Dollar … [Continue reading]
EUR/USD: Losses through recent support around 1.0785/1.0795 to extend – Scotiabank
Share: EUR/USD’s break under support in the upper 1.0700s means more losses are likely, economists at Scotiabank say. Resistance is 1.0795/1.0800 Spot losses through recent support around 1.0785/1.0795 (100-Day Moving Average and 50% retracement … [Continue reading]
Eurozone HCOB Services PMI in line with forecasts (48.4) in January
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]
USD/CAD advances to over one-week high on bullish USD, remains below 1.3500 mark
Share: USD/CAD rises to over a one-week high on Monday, though lacks follow-through buying. Friday’s upbeat US jobs report tempered hopes for an early interest rate cut by the Fed. Mixed fundamental cues fail to influence Oil prices, which drives … [Continue reading]
Australia TD Securities Inflation (YoY) declined to 4.6% in January from previous 5.2%
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]
Fetch.ai price faces tough decision, 23% rally or crash for FET holders?
Share: Fetch.ai price has flipped below the $0.465 to $0.750 range’s midpoint at $0.608. This development could trigger a 23% crash to $0.465 if FET does not quickly recover above $0.608. A successful flip of the $0.608 barrier into a support … [Continue reading]
Render Price Prediction: RNDR bulls prepare to revisit $5.27
Share: Render price is planning to escape its $3.36 to $5.27 range after the recent uptick. RNDR is likely to revisit the range’s midpoint at $4.32 or the imbalance, extending from $4.24 to $4.19. NVIDIA Corp’s earnings on February 21 could … [Continue reading]
Dogecoin’s recent network activity spike might not trigger DOGE price do the same, here’s why
Share: Dogecoin price continues to trade between the $0.0749 to $0.0943 range for roughly a month. The BBW indicator indicator is in a squeeze position, hinting at a volatile move ahead for DOGE. If history repeats, there might be a sweep of … [Continue reading]
Pyth Network could enter price discovery mode if PYTH bulls defend $0.427
Share: Pyth Network price could slide another 8% before it stabilizes around the $0.427 support level. Deviation below $0.427 is likely, but a quick recovery could open the path for an 80% upswing to $0.759. A breakdown of the $0.370 support … [Continue reading]