Share: The EUR/USD pair is consolidating below key SMAs (Simple Moving Averages). The US Dollar remains firm in the market, with the DXY posting its highest close in a month. The Euro also dropped against the Swiss Franc and Pound. The EUR/USD … [Continue reading]
Silver Price Analysis: XAG/USD clears daily losses, limited by rising US yields
Share: XAG/USD dropped to a daily low of $22.35 but then settled at around $22.60. Risk aversion dominates the markets, strengthening the USD. Eyes on Wednesday’s FOMC minutes from July’s meeting. At the start of the week, risk-off flows … [Continue reading]
Altcoin mania and Bitcoin ETF approval remain hot topics; here’s what to expect this week
Share: There are no major crypto or macroeconomic events scheduled for this week, so we are going to focus on three aspects. Bitcoin ETFs Bitcoin price action Altcoins Bitcoin ETF disappoints again The United States Securities and Exchange … [Continue reading]
EUR/USD can fall as low as 1.0830/1.0845 – ING
Share: EUR/USD softens. Economists at ING analyze the pair’s outlook. Equity markets will not be helping Unless there is some surprise turnaround in the Chinese story, it looks as though EUR/USD can break below support at 1.0925/1.0930 – … [Continue reading]
USD/CAD Price Analysis: Pierces 200-DMA, key resistance line as Canada Inflation, Fed Minutes loom
Share: USD/CAD takes the bids to refresh intraday high, jostles with crucial resistances. Bullish MACD signals, sustained upside break of four-month-old rising trend line favor Loonie pair buyers. Sellers need validation from April’s low to retake … [Continue reading]
NZIER Shadow Board recommends RBNZ to keep OCR unchanged at 5.5% in August
Share: The latest recommendations from the most Shadow Board members of the New Zealand Institute of Economic Research (NZIER), published early Monday in Auckland, state that the Reserve Bank of New Zealand (RBNZ) should leave the Official Cash Rate … [Continue reading]
Ex-SEC staff thinks a Republican president would be good for spot BTC ETF applications, cites partisan issues
Share: Former SEC official John Reed Stark says the current SEC team will not approve a Bitcoin Spot ETF application. He believes the crypto-regulatory tides could shift exponentially after Election Day, with better tidings for crypto if a … [Continue reading]
Binance to close off all positions for ADA and MATIC perpetual contracts this week following SEC clampdown
Share: Binance Exchange is set to delist all Cardano and Polygon perpetual contracts on August 17. The move follows recent labeling by the US SEC, branding ADA and MATIC as securities in its clampdown on the industry. The change could have … [Continue reading]
THORChain price rises 20% to beat Shiba Inu in weekend gains. Why RUNE may be due for a 25% crash
Share: RUNE price s up 20% in weekend gains, 50% from the monthly low of $0.906 to auction for $1.328. Notably, while THORChain price is on an uptrend, open interest is falling, suggesting a weakening market. Unless bulls can sustain the rally, … [Continue reading]
Hedera price eyes 5% gains as short traders’ take profit levels trigger new buys orders
Share: Hedera price is up 2% in the last two days, with prospects for more gains as buying pressure increases. The surge comes after short traders take profit orders were triggered around the $.0560 level, marked by the 100-day EMA. The ensuing … [Continue reading]