Australian Dollar moves back to the positive zone amid tepid US Dollar. Australian equity market experiences gains; supporting the Aussie Dollar. Bloomberg survey of economists finds the consensus expectation is for the PBoC to … [Continue reading]
GBP/USD edges higher amid softer USD, upside potential seems limited
GBP/USD attracts some buyers for the second straight day, albeit lacks bullish conviction. Rising bets for an imminent interest rate cut by the BoE continue to cap gains for the GBP. The Fed’s projected three rate cuts in 2024 keep the USD on the … [Continue reading]
Bitcoin Price Outlook: Will there be another buying opportunity for BTC before halving?
Bitcoin price briefly tagged $70,000 on Monday before a quick retraction but still holds above $69,000. BTC halving is around 26 days away, likely to happen on April 20 based on Nice Hash countdown. Grayscale outflows against inflows from BlackRock … [Continue reading]
Canadian Dollar advances against the Greenback in quiet start to the week
Firmer crude oil prices provide support to the Canadian Dollar. The US Dollar sheds some ground after posting solid gains at the end of the previous week. USD/CAD is technically neutral according to the daily chart, needs to break through 1.3610/20 … [Continue reading]
USD has peaked for now, but scope for weakness may not be significant in the near term – Scotiabank
The US Dollar (USD) is tracking a little lower on the session. Economists at Scotiabank analyze Greenback’s outlook. Easter week may be a little quiet for markets USD losses are relatively limited within the core major currencies and while … [Continue reading]
EUR/GBP to extend its race higher on a break above 0.8610 – SocGen
EUR/GBP nears the 0.8600 level. Economists at Société Générale analyze the pair’s technical outlook. Last week low of 0.8530 is near-term support EUR/GBP recently defended the low of last August near 0.8490 and evolved within a small base. It has … [Continue reading]
Australian Dollar strengthens amid weaker US Dollar, awaits Aussie Consumer Confidence
Australian Dollar rises on stronger Chinese Yuan and higher ASX 200 on Monday. Australia's government has committed to backing a minimum wage increase aligned with inflation in 2024. CNY experienced a significant upward movement due to FX … [Continue reading]
China’s Li: Low inflation, low central government debt mean more room for further macro policy
China's Premier Li Qiang spoke on Sunday at the China Development Forum in Beijing. He said that the nation’s inflation rate and the central government's debt burden are relatively low, leaving more room for further macro policy steps, per … [Continue reading]
Litecoin price could kickstart a 32% ascent if LTC bulls overcome this crucial level
Litecoin price hovers below the $100 psychological level and a declining resistance level. Due to the bullish market structure, LTC could kickstart an ascent to $119.84. A breakdown of the $76.78 support level will invalidate the bullish … [Continue reading]
Celestia Price Prediction: TIA at crossroads as it forms rounded top
Celestia price set up an ATH on February 10 at $21.16 and has been descending since. The recent 37% crash betwene March 13 and 19, has put the bullish trend in question. A breakdown of $11.74 could lead to a steep 22% correction to 9.14. Celestia … [Continue reading]