EUR/USD now faces further selling pressure, slipping back toward the 1.1500 neighbourhood, or four-day lows. In the meantime, the US Dollar continues to push harder, advancing to new multi-day highs amid lingering uncertainty over the Middle East … [Continue reading]
XRP extends decline amid muted ETF activity
Ripple (XRP) is trading in a largely bearish environment, extending its correction to $1.34, notably below its weekly open at $1.38. Sellers have remained in control since the failed attempt at $1.61, aligning with the March peak.The potential retest … [Continue reading]
Ireland Retail Sales (YoY) declined to 0.8% in February from previous 3%
Bitcoin trades below $69,000 after losing over 3% the previous day amid fears of an escalation in the US-Iran war, which is gripping global financial markets. Kite, Ethena, and Worldcoin are leading the losses, with double-digit corrections over … [Continue reading]
Asian stocks steady as market caution prevails on Middle East uncertainty
Asian equities trade sideways as uncertainty over the United States (US)–Iran peace talks limits risk appetite. At the time of writing, Japan’s Nikkei 225 is 0.03% higher to near 53,623, while Hong Kong’s Hang Seng Index is up 0.88 to 25,074, and the … [Continue reading]
Silver Price Forecast: XAG/USD consolidates above $68.00; 100-SMA breakdown remains in play
Silver (XAG/USD) struggles to gain any meaningful traction on Friday and oscillates in a narrow trading band just above the $68.00 mark during the Asian session. Meanwhile, the technical setup suggests that the path of least resistance for the white … [Continue reading]
New Zealand ANZ – Roy Morgan Consumer Confidence dipped from previous 100.1 to 91.3 in March
Gold comes under renewed selling pressure on Thursday, slipping back below the $4,400 mark per troy ounce, setting aside at the same time two consecutive days of gains. Concerns that higher energy prices linked to the Middle East crisis could fuel … [Continue reading]
USD/CHF Price Forecast: Bullish momentum builds as the pair challenges the 200-day SMA
USD/CHF extends gains on Thursday as broad-based US Dollar (USD) strength persists amid rising Middle East tensions, while the Swiss Franc (CHF) struggles to gain traction as traders remain cautious about potential intervention from the Swiss … [Continue reading]
United States Continuing Jobless Claims below forecasts (1.86M) in March 13: Actual (1.819M)
The US is fast-tracking boots on the ground, with nearly 8,000 additional Marines and sailors moving into the theatre. The USS Boxer Amphibious Ready Group has already arrived ahead of schedule with roughly 4,000 personnel, set to link up with the … [Continue reading]
Spain Gross Domestic Product (YoY) registered at 2.7% above expectations (2.6%) in 4Q
The US is fast-tracking boots on the ground, with nearly 8,000 additional Marines and sailors moving into the theatre. The USS Boxer Amphibious Ready Group has already arrived ahead of schedule with roughly 4,000 personnel, set to link up with the … [Continue reading]
USD/CAD extends rally to near 1.3830 amid uncertainty over Middle East conflicts
The USD/CAD pair extends its winning streak for the fourth trading day on Thursday and jumps to near 1.3830 during the Asian trading session, the highest level seen in two months.The Loonie pair trades firmly as the US Dollar (USD) rises amid … [Continue reading]