Share: Dogecoin price could trigger a massive upswing on April 20 due to the 420 hype. Investors can expect DOGE to rally 22% - 45% targeting crucial hurdles. On-chain data agrees with the technical aspects and forecasts a move to $0.1270. A daily … [Continue reading]
Gold Futures: Extra rebound on the cards
Share: Open interest in gold futures markets rose by just 300 contracts on Tuesday after two daily drops in a row according to preliminary readings from CME Group. Volume, instead, shrank for the second straight session, now by more than 105K … [Continue reading]
S&P 500 Futures retreat amid geopolitical fears, sluggish yields, Fedspeak, China eyed
Share: S&P 500 Futures ease from 11-week high, snaps two-day winning streak. US 10-year, two-year Treasury bond yields remain sluggish after the first daily loss in four. Fears of Taiwan invasion, hawkish Fed talks and anxiety surrounding US … [Continue reading]
AUD/USD defies hawkish Fed officials, surges on soft USD and falling bond yields
Share: Hawkish comments by Fed policymakers capped the Australian Dollar rally. China’s economic data foreseeing solid growth is a tailwind for the AUD/USD. RBA minutes showed that their latest meeting decision was a hawkish hold. AUD/USD caps its … [Continue reading]
Gold Price Forecast: XAU/USD rebounds from the 20-day SMA to $2,010
Share: Gold rises after a sharp correction on a quiet day. XAU/USD found support above the 20-day SMA. US Dollar falls across the board ending a two-day rally. Gold price rose $2,011/oz after the beginning of the American session, reaching a fresh … [Continue reading]
EUR/USD Price Analysis: Recovery targets 1.1000 and above
Share: EUR/USD leaves behind two sessions in a row with losses on Tuesday. Extra gains are expected to retarget the key 1.1000 mark in the near term. EUR/USD manages to regain upside traction and approaches the key 1.1000 region on turnaround … [Continue reading]
Natural Gas Futures: Further upside not favoured
Share: Considering advanced prints from CME Group for natural gas futures markets, open interest shrank by around 11.9K contracts after two consecutive daily pullbacks on Monday. In the same line, volume set aside the previous daily build and … [Continue reading]
WTI Price Analysis: 50-SMA prods China data-led recovery around $81.00
Share: WTI crude oil clings to mild gains while paring the biggest daily loss in a month. China data adds strength to the corrective bounce in Oil price. Bearish MACD signals, 50-SMA challenges buyers but further downside needs validation from … [Continue reading]
EUR/USD sees more downside to near 1.0900 as ECB to slow down policy-tightening pace
Share: EUR/USD is expected to witness more downside to near 1.0900 as the Fed to remain hawkish in May. Eurozone is prone to a credit crunch after the collapse of several US regional banks and takeover of Credit Suisse. The ECB is highly … [Continue reading]
USD/JPY Price Analysis: Gains momentum on rising US Treasury bond yields
Share: USD/JPY reached fresh five-week highs at 134.57, with bulls eyeing 135.00. Oscillators at bullish areas favor further upside in the USD/JPY. Downside risks lie below 134.00, which could drive the USD/JPY towards 133.00. The USD/JPY moved … [Continue reading]