Share: The oil price is on the backside of the trend and this leaves the outlook meanwhile bullish. WTI bulls are lurking within the Fibonacci scale. Crude prices jumped today after Saudi Arabia said it would cut its crude production by -1.0 … [Continue reading]
Gold Price Forecast: XAU/USD attempts recovery from $1,940 ahead of US Services PMI
Share: Gold price is making efforts for recovery from $1,940.00 as the focus shifts to US Services PMI. After the release of downbeat Manufacturing PMI, weak service sector performance could propel volatility in the USD Index. The yields … [Continue reading]
GBP/USD Forecast: Sellers could hesitate if Pound Sterling stabilizes above 1.2400
Share: GBP/USD has edged lower toward 1.2400 in the European morning on Monday. The pair could stage a rebound in case risk mood continues to improve. Investors will pay close attention to the inflation component of the ISM Services PMI. GBP/USD … [Continue reading]
Indonesia Core Inflation (YoY) registered at 2.66%, below expectations (2.8%) in May
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]
GBP/USD Price Analysis: Cable bears cheer 50-DMA break to approach 1.2400
Share: GBP/USD takes offers to refresh intraday low, extends previous day’s pullback from three-week high. Steady RSI, downside break of 50-DMA join U-turn from key horizontal resistance zone to keep Cable bears hopeful. Sluggish MACD, 11-week-old … [Continue reading]
Ethereum layer 2 token Optimism rallies on the back of latest announcement
Share: Ethereum layer 2 tokem Optimism has reacted to the announcmnent of the Bedrock upgrade. Once launched, it will implement a novel consensus algorithm, "Genesis Protocol," to improve OP's transaction speed and throughput. Skeptics remain … [Continue reading]
Cardano price coils up for a 15% rally as 6.61 million ADA net flow value comes in
Share: Cardano price shows signs of a breakout, forecasting a 15% rally to an area that holds a strong selling interest. The momentum comes amid 6.61 million ADA coming in, a net flow value attributed to 34,350 large transactions in two days. The … [Continue reading]
Shiba Inu tests 50-MA despite whales accumulating billions of SHIB tokens
Share: Shiba Inu price is testing the 50-day MA despite large wallets acquiring up to 100 billion tokens. This Moving Average has capped the meme coin, preventing SHIB from moving higher. Bulls must flip this hurdle into support to avoid … [Continue reading]
Ethereum price at catch-22, pressed between this bullish outlook and a waning of momentum
Share: Amid increasing volatility, Ethereum price has filled up the pennant making a breakout imminent. While the outlook is bullish, less-than-sufficient buying momentum may delay the $2,000 dream for ETH bulls. Large transaction volume has … [Continue reading]
Bitcoin price could finally have a shot at the much anticipated $30,000
Share: Bitcoin price gained momentum on June 1, increasing the odds for the crypto king to rally north. BTC could make a 10% leap to tag the $30,000 level enticed by the liquidity cluster above that level. The bullish outlook will be invalidated … [Continue reading]