Share: GBP/JPY sees some gains at the 182.55 area. ECB’s Banking Forum in Sintra on Wednesday, the highlight of the week. Reuters poll reveals that the BoJ will intervene if USD/JPY reaches 145.00. At the start of the week, the GBP lost ground … [Continue reading]
GBP/USD: Still trading well short of levels that would imply more sustainable technical strength – Scotiabank
Share: GBP/USD is supported on dips but still consolidating, economists at Scotiabank report. Signs of demand below 1.26 are encouraging from a short-term support point of view Minor Cable gains today are running against the trend of a modestly … [Continue reading]
Japan’s Matsuno: Closely watching FX moves with a high sense of urgency
Share: Japanese Chief Cabinet Hirokazu Matsuno repeated on Monday, they are “closely watching FX moves with a high sense of urgency.” Additional quotes “Important for FX to move stably reflecting econ fundamentals.” “Sudden and one-sided moves seen … [Continue reading]
WTI struggles to cheer Russia, OPEC news below $70.00 as China woes prod Oil buyers
Share: WTI crude oil fades bounce off two-week low amid mixed catalysts. OPEC Secretary General, Aramco Official signal upbeat Oil demand. Mixed concerns about Russian fears to energy supplies put a floor under the black gold price. Fears about … [Continue reading]
Gold Price Forecast: XAU/USD portrays bearish consolidation on growth, geopolitical clues, US inflation eyed
Share: Gold Price licks its wounds at the lowest levels in 3.5 months as risk-aversion amplifies. Geopolitical fears join hawkish Fed bets, growth concerns to weigh on XAU/USD price. Gold Price drops as mixed United States data versus downbeat … [Continue reading]
Whales reveal their hand as they accumulate Optimism’s OP token in millions
Share: Optimism price has flashed a buy signal on the three-day chart. If Bitcoin’s bullish outlook sustains in the long term, OP could witness a 40% rally. A flip of the range low at $0.877 into a resistance level on the three-day timeframe will … [Continue reading]
Dogecoin Price Prediction: DOGE edges closer to 20% breakout
Share: Dogecoin price has been stuck under a declining trend line, failing to move higher. The recent development on the twelve-hour chart promises a 20% move should a breakout occur. A daily candlestick close below $0.0631 that flips it into … [Continue reading]
Arbitrum Price Forecast: ARB likely to crash 11% next week
Share: Arbitrum price eyes a pullback after a 30% rally. An 11% correction to sweep the liquidity resting below $0.981 seems likely for ARB. A four-hour candlestick close that flips the $1.14 hurdle into the support floor will invalidate the … [Continue reading]
Shiba Inu Price Prediction: This Po3 setup could propel SHIB by 20%
Share: Shiba Inu price edges close to triggering a rally after elaborate consolidation inside a Po3 setup. A successful breakout could send SHIB up from 20% to 27% to tag the $0.00000964 and $0.0000101 levels, respectively. A daily candlestick … [Continue reading]
Cardano Price Prediction: ADA bulls assure another 20% gain for patient holders
Share: Cardano price shows signs of exhaustion on the four-hour time frame, suggesting a potential retracement to $0.269 and $0.279 support levels. A bounce off these levels could yield a minimum gain of 19.52% as it retests the $0.334 … [Continue reading]