Ethereum ecosystem generated more revenue in Q1 than Etsy, Robinhood or Reddit. Issuers plan to market Ethereum as a 'producing tech stock' and the 'ultimate app store’. Ethereum could see a bullish reversal in the coming days. Ethereum's (ETH) … [Continue reading]
EUR/JPY Price Analysis: Support holds strong at 168.00 and clears losses
The daily RSI remains settled in the negative territory, with the daily MACD displaying flat red bars reflecting stable bearish momentum. The pair finds steady support near 168.00, stabilizing at 168.80 beyond the session's low at 168.15. The … [Continue reading]
GBP/USD Price Analysis: Consolidates around 1.2700 after hitting 7-day low
GBP/USD slightly down for the second session in a row. Technicals indicate losing buyer momentum as RSI approaches the 50-midline. A drop below 1.2700 could push GBP/USD towards key moving averages near 1.2686 and potentially lower. Upside seen above … [Continue reading]
Pound Sterling declines below 1.2700 as Fed rate-cut hopes wane, UK/US data in focus
The Pound Sterling drops to 1.2700 as delayed Fed interest rate-cut prospects dampen market sentiment. The strong US NFP report for May hit market speculation for Fed rate cuts. This week, investors will focus on UK Employment, US CPI, and the Fed’s … [Continue reading]
FX option expiries for June 10 NY cut
FX option expiries for June 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0685 1.1b 1.0760 570m 1.0775 1.1b 1.0800 961m 1.0850 834m 1.0875 580m 1.0900 1.7b - USD/JPY: USD … [Continue reading]
WTI rebounds to near $75.50 due to expectations of Fed rate cuts
WTI price gains ground due to speculation of a Fed rate cut in September. Crude Oil prices may struggle as a strong US jobs report would bolster a hawkish stance from the Fed. Concerns about a supply surplus have grown as OPEC+ decided to reverse … [Continue reading]
Cardano price consolidation likely to trigger bearish breakout
Cardano price is consolidating inside a descending triangle setup. A breakout from this pattern could trigger a 17% crash to $0.351. A decisive daily candlestick close above $0.492 will invalidate the bearish thesis. Cardano (ADA) price … [Continue reading]
Binance Coin price to give bullish breakout another go
Binance Coin price is likely to provide sidelined buyers another opportunity to accumulate. Investors need to be careful in buying BNB dips due to the uncertain market outlook. A breakdown of the $596.5 support level will invalidate the bullish … [Continue reading]
1inch price edges closer to 15% crash as 1INCH bears shatter key support level
1inch price shows signs of exhaustion in line with the bearish market outlook. Investors can expect a 15% crash as the $0.0.451 support level is breached. A flip of the $0.501 support level will invalidate the bearish thesis for 1INCH. 1inch … [Continue reading]
Bitcoin’s 2% crash wipes $4.21 billion in OI and handicaps altcoins, what’s next?
Bitcoin price triggered a quick 2.05% downtick on Friday. Despite being a small downturn, altcoins took a massive hit and are down by double digits. BTC’s uncertainty has created a dilemma on whether they should buy the dip or sell. The … [Continue reading]