Share: Bitcoin price tagged the $70K milestone on Coinbase, among other exchanges before a quick retraction. Coinbase exchange crashed for the third time as BTC skyrocketed to new highs. Community members call out the trading platform, citing … [Continue reading]
EUR/USD waffles after Friday surge, mixed US NFP drags on markets sentiment
Share: EUR/USD spiked after the US NFP print, but mixed numbers confounded markets. US NFP showed more jobs added, but steep revisions crimp risk appetite. Next week: US and EU CPI inflation on Tuesday. EUR/USD found some room on the top end on … [Continue reading]
Brent Oil to hover within a $80.00 to $90.00 range this year– MUFG
Share: After a lacklustre start to the year, Oil prices are starting to come to life. Economists at MUFG Bank analyze Brent’s outlook. Oil bulls are quietly winning the narrative Oil bulls are quietly winning the narrative as prices are working … [Continue reading]
Injective Price Forecast: Nearing a breakout towards $55
Share: Injective price edges closer to a breakout as it trades around $43. The short-term target for INJ bulls would be $51, but $55 could be reached soon. A twelve-hour candlestick close below $34.15 would invalidate the bullish thesis. Injective … [Continue reading]
Australian Dollar appreciates on higher ASX 200, US Dollar remains flat ahead of US NFP
Share: Australian Dollar consolidates with a positive bias ahead of US Nonfarm Payrolls. Australia’s S&P/ASX 200 Index rose to new record highs, following a tech-led rally on Wall Street overnight. Fed Chair Powell reiterated that the central … [Continue reading]
ANKR price soars 40% over reports of Ankr execs to attend NVIDIA GTC 2024 Conference, AI narrative still on
Share: ANKR price recorded an intra-day high of $0.0569 on Thursday amid AI conference-related news. Ankr CEO and CTO will attend the NVIDIA GTC 2024 conference in Silicon Valley in March. With the Conference still ten days out, AI wave is not yet … [Continue reading]
Dow Jones Industrial Average Forecast: DJIA gains further ground as Fed’s Powell hits familiar beats
Share: Dow Jones gains, but thinly in easy Thursday trading. Fed’s Powell repeat appearance delivers little of note to investors. Market focus pivots to Friday’s US NFP jobs report. The Dow Jones Industrial Average (DJIA) rose a little over a … [Continue reading]
Canadian Dollar extends higher against weakening Greenback on Thursday
Share: Canadian Dollar mixed on the day but climbs over US Dollar. Canada brings its own labor figures to US NFP Friday. USD/CAD breaks down below 1.3500 on weaker Greenback flows. The Canadian Dollar (CAD) found some room on the high end above … [Continue reading]
EUR/USD holds up ahead of ECB policy announcement
Share: The European Central Bank is set to announce its policy decision and projections on Thursday. ECB’s Lagarde will hold a press conference and volatility for EUR/USD is expected. The short-term uptrend continues to struggle higher … [Continue reading]
USD/JPY Forecast: Seems vulnerable amid hawkish BoJ talks, break below 100-day SMA awaited
Share: USD/JPY prolongs its downtrend for the third straight day and dives to a multi-week low. Bets for an imminent shift in the BoJ’s policy stance lift the JPY and exert heavy pressure. The uncertainty over the Fed’s rate-cut bets weighs on the … [Continue reading]