Share: GBP/USD moves in an upward direction as BoE is expected to maintain its current restrictive policy stance. Economists in a Reuters poll anticipated the BoE to maintain the policy rate at 5.25% in February’s meeting. The escalated … [Continue reading]
Australian Dollar retraces its recent losses after improved Aussie Business Confidence
Share: Australian Dollar gains ground on improved National Australia Bank's Business Confidence. Australian share market rise has the potential to provide support for the AUD. National Australia Bank's Business Confidence improved to -1 in … [Continue reading]
EUR/JPY Price Analysis: Looms around 7-week high as buyers cling to 161.00
Share: EUR/JPY slightly down at 161.15, hovering near 7-week high of 161.86, buoyed by positive sentiment. Technical view: Break above 161.87 could lift EUR/JPY to 162.00, eyeing November peaks at 163.72, 164.31. Downside risk: Falling below … [Continue reading]
EUR/GBP edges lower ahead of ECB decision
Share: The EUR/GBP records 0.20% losses standing at 0.8562. The ECB meets on Thursday, no policy change expected. Daily chart indicators present bearish sentiment: RSI indicates a negative slope in unfavorable territory with MACD's rising red bars … [Continue reading]
EUR/USD can push back above 1.1000 on any upside in European PMIs – SocGen
Share: The highlight this week will be central bank meetings in many parts of the world, including Japan and the Eurozone. US Gross Domestic Product (GDP) will also be in focus. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes … [Continue reading]
Gold Price Forecast: Recovering Dollar is likely to weigh on XAU/USD – ANZ
Share: Gold (XAU/USD) has risen along with geopolitical risks and expectations of US rate cuts. Strategists at ANZ bank analyze the yellow metal’s outlook. Central bank Gold purchases rose Heightened geopolitical risks should support haven … [Continue reading]
WTI trades with modest losses around $73.00 mark, downside potential seems limited
Share: WTI Oil prices remain under some selling pressure for the second straight day on Monday. Concerns over a near-term slowdown in demand continue to undermine the black liquid. Fears of supply disruptions in the Middle East could lend support … [Continue reading]
Grayscale’s Bitcoin sale unlikely to have driven BTC price lower, profit taking is likely driver
Share: Grayscale sold above 60,000 BTC while other Bitcoin ETF issuers have purchased over 72,000 BTC. Grayscale’s Bitcoin sale is unlikely to have driven the BTC price lower. Profit-taking by large wallet investors and traders is … [Continue reading]
Dogecoin volume and social dominance hits 2024 peak as X launches dedicated payments account
Share: Dogecoin on-chain metrics volume and social dominance have hit the highest level in 2024. DOGE price declined by nearly 2% in the past 24 hours after offering nearly 7% gains to holders. DOGE price plummeted to $0.0870 on January 21 on … [Continue reading]
Justin Sun withdraws $60 million in Ethereum, AAVE, SHIB, LINK among other assets from Binance
Share: Justin Sun withdrew $60 million from Binance in Ethereum, AAVE, SHIB, LINK, FLOKI, MANA and BAND. Sun’s massive crypto withdrawals have fueled anticipation among traders amidst the decline in Bitcoin and Ethereum. Altcoin season … [Continue reading]