Share: Gold price oscillates in a narrow band and is influenced by a combination of diverging factors. The emergence of fresh US Dollar selling is seen as a key factor lending support to the XAU/USD. Bets for another 25 bps rate hike by the Federal … [Continue reading]
USD Index appears slightly bid near 101.80 ahead of data
Share: The index gives away some gains following Tuesday’s strong uptick. The risk aversion looks somewhat mitigated early on Wednesday. Durable Goods Orders, Trade Balance next of note in the docket. The greenback trades with marginal losses near … [Continue reading]
USD/CNY fix: 6.9237 against the last close of 6.9323
Share: In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.9237 against the last close of 6.9323. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) … [Continue reading]
NZD/USD bears take back control on banking sector concerns
Share: NZD/USD drops back towards Monday´s open as risk-off sentiment weighs. Banking sector worries have sunk equities and high beta currencies. NZD/USD is down some 0.45% into the closing of the US session and Tuesday´s trade after … [Continue reading]
The bane of Uniswap price – not the market but UNI holders
Share: Uniswap price is among the highest losers this week as the altcoin has declined by nearly 17% in the last five days. UNI holders' loss-to-profit ratio is among the highest in the crypto market, with over 77% of holders losing money on their … [Continue reading]
EUR/JPY Price Analysis: Room for extra gains
Share: EUR/JPY clinches fresh tops near 148.60 on Tuesday. Next of note on the upside comes the 150.00 yardstick. EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014. The … [Continue reading]
AUD/USD Price Analysis: Portrays bearish consolidation below 0.6700
Share: AUD/USD remains pressured within 40-pip rectangle, justifies clear break of short-term ascending trend line, 200-HMA. Downbeat oscillators suggest further grinding towards the south. Aussie pair buyers need validation from 0.6780; bears have … [Continue reading]
Bitcoin price eyes retest of $30,000 as BTC bulls reveal their hands
Share: Bitcoin price reveals an exaggerated bullish divergence on the four-hour chart. This setup forecasts a bullish move for BTC that could propel it to $29,726. A four-hour candlestick close below $26,555 will create a lower low and … [Continue reading]
Avalanche Cortina upgrade might be the Hail Mary AVAX needs
Share: Avalanche price is holding strong at $17 despite crashing by nearly 20% in five days. Ahead of the Cortina upgrade, the network has noted a massive upsurge in investor presence, registering over 600,000 active addresses this week. This … [Continue reading]
USD/MXN falls below 18.0000 as Mexican inflation cools amid a soft US Dollar
Share: USD/MXN reached a daily high above 18.0000 before tumbling toward the 17.90s area. Fed’s Cook expects inflation to slow down as measured by headline inflation, but core PCE is foreseen to stay sticky. USD/MXN Price AnalysisL Downward … [Continue reading]