Share: Cardano founder Charles Hoskinson has reacted to Ledger’s controversy, warning them against breaking social contracts. It comes after Ledger’s recent controversial update that allowed the firm to extract user keys. The idea received backlash … [Continue reading]
Shiba Inu price to rhyme with a 10% drop before the next recovery rally
Share: Shiba Inu price is moving with a plan as bulls plan a 10% drop down before a bounce north. SHIB could revisit the $0.0000080 support floor before a trend reversal akin to the December move. The bullish thesis will be invalidated upon a … [Continue reading]
GBP/USD Price Analysis: Bulls target 1.2500 while front side of dynamic support
Share: GBP/USD bulls eye a continuation toward 1.2500. Meanwhile, a correction could be on the cards. As per the prior analysis, GBP/USD Price Analysis: Bulls are lurking in demand area, the price has moved into key resistance and this leaves … [Continue reading]
EUR/USD Price Analysis: Initial support turns up near 1.0760
Share: EUR/USD attempts a mild bounce after testing lows around 1.0760. There is a temporary hurdle at the 55-day SMA near 1.0870. EUR/USD rebounds from new 2-month lows in the 1.0760/55 band and manages to briefly surpass the 1.0800 hurdle at the … [Continue reading]
Lagarde speech: ECB will be courageous to take decisions needed to bring inflation back to 2%
Share: European Central Bank (ECB) President Christine Lagarde said on Friday, “ECB will be courageous to take the decisions needed to bring inflation back to 2%.” “We are heading towards more delicate decisions going forward,” she added. Source … [Continue reading]
Japan Tertiary Industry Index (MoM) came in at -1.7% below forecasts (-0.1%) in March
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]
US Dollar Index: Anxiety ahead of Fed Powell’s speech, US debt limit news prods DXY bulls at two-month high
Share: US Dollar Index bulls take a breather at multi-day top after three-day uptrend. Hawkish Fed bets, hopes of no US default underpin US Treasury bond yields and DXY run-up. Challenges to US debt ceiling deal, likely spat between the Washington … [Continue reading]
USD/MXN stays firm as Banxico halts rate hikes; buyers target 18.0000
Share: Banxico leaves interest rates unchanged at 11.25%, ending the hiking cycle initiated in June 2021, causing a muted reaction in the USD/MXN. Banxico’s statement indicates a disinflationary process underway, yet it acknowledges a complicated … [Continue reading]
Gold Price Forecast: XAU/USD to reach $2,120 by Q1 2024 – ANZ
Share: Economists at ANZ Bank retain a bullish view and forecast Gold at $2,120 by the first quarter of the next year. Risk could stem from divergence between Fed’s actions and market expectations “Prolonged geopolitical tensions, such as that … [Continue reading]
USD/MXN: Another hike would be a surprise, but would not be guaranteed to be welcomed by the Peso – SocGen
Share: Economists at Société Générale analyze the USD/MXN outlook ahead of the Banxico meeting. Break below 17.45 can lead USD/MXN towards next projections at 17.10/16.95 “Banxico is likely to pause monetary tightening today and leave the key rate … [Continue reading]