Share: EUR/JPY gained ground ahead of the economic data from the Eurozone. BoJ maintained its interest rate at -0.1% as widely expected. Geopolitical tension, as Houthi attacks on ships, could support the safe-haven JPY. Traders … [Continue reading]
AUD/JPY Price Analysis: Jumps ahead of BoJ’s decision, remains below 96.00
Share: AUD/JPY reclaimed the bottom of the Kumo, opening the door for a bullish reversal. Further upside is seen above the 96.00 mark, with key resistance at a confluence around 96.14. A drop below the Kumo, to pave the way for testing 93.00. The … [Continue reading]
Canadian Dollar eases off the throttle with Canadian CPI in the barrel for Tuesday
Share: Canadian Dollar pares back some of last Friday’s gains ahead of Canadian CPI on Tuesday. Monday’s economic calendar has a thin docket, but key data to wrap up 2023 due this week. CAD and crude Oil diverge as WTI recovers some ground on … [Continue reading]
Euro fluctuates without a clear direction in a calm trading session
Share: The Euro is trading sideways between 1.0900 and 1.0930 after Friday’s rejection at 1.1010. The weak German Business climate data confirms the region’s grim economic outlook. Investors are growing skeptical about the ECB’s ability … [Continue reading]
ECB’s Vasle: Market pricing for rate cuts is excessive
Share: Boštjan Vasle, Governor of the Bank of Slovenia and member of the Governing Council of the European Central Bank (ECB), said on Monday, “market pricing for both start of rate cuts and totality of cuts in 2024 is excessive.” … [Continue reading]
EUR/USD Price Analysis: Rebounds ahead of German data, holds above 1.0900
Share: EUR/USD recovers its recent losses on prevailing upward movement. Technical indicators suggest positive sentiment to revisit the psychological resistance at the 1.1000 level and the two-month high at 1.1017. The break below 1.0900 could push … [Continue reading]
Fed’s Goolsbee: Too early to declare victory over inflation
Share: Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Sunday in an interview on CBS that it’s premature to declare victory in the central bank’s inflation fight, and the decisions on interest-rate cuts would be dependent on … [Continue reading]
Cosmos Price Prediction: ATOM breakout could catalyze 50% rally
Share: Cosmos price currently retests $10.08, a recently flipped hurdle into a support floor. A successful bounce here could kickstart a 50% rally to the next key weekly resistance level at $15.12. A weekly candlestick close below the $8.85 … [Continue reading]
Arbitrum price edges closer to 50% rally
Share: Arbitrum price shows a clear struggle around the $1.12 weekly hurdle. A successful flip of this level into a support floor could trigger $1.28, $1.14 and $1.68 levels. A daily candlestick close below the $0.94 barrier will invalidate … [Continue reading]
AVAX price could present another buying opportunity despite 424% gains in under two months
Share: AVAX price has registered a whopping 424% gain in just 56 days. This rally is likely to see a quick retracement to key support levels – $41.54, $37.79, $34.34 or $34.04. Invalidation of the bullish thesis will occur if Avalanche … [Continue reading]