Share: Dogecoin price has swept below the range low at $0.0705 and recovered above it, denoting a recovery rally could be brewing. Investors can expect DOGE to trigger a 23% upswing to retest the range high at $0.0946. Invalidation of the bullish … [Continue reading]
Assessing chances of Ethereum price rally to $2,400
Share: Ethereum price action between September 2022 and mid-March 2023 reveals an inverse head-and-shoulders pattern. The forecast for this setup reveals a 37% move is incoming for ETH. Invalidation of the bullish theiss will occur on the … [Continue reading]
Silicon Valley Bank and Signature Bank hearing to be held on March 29, FDIC Chairman set to witness
Share: The Federal Reserve Vice Chair for Supervision, Michael Barr, will also attend the bearing as a witness. The House Financial Services Committee intends to get to the depths of the failure of Silicon Valley Bank and Signature Bank. Crypto is … [Continue reading]
Analyst: This is what can be expected from Bitcoin price before the next halving in April 2023
Share: Bitcoin price has historically breached the macro downtrend between 365 to 397 days before a halving. The next Bitcoin halving is scheduled for April 2023, which stands to be within the expected range of the breakout. On the micro-scale, BTC … [Continue reading]
Gold Price Forecast: XAU/USD gains more than 3%, approaches $2,000
Share: Gold price surged on Friday, extending weekly gains to over $100. New context of lower yields and banking jitters boost gold’s demand. XAU/USD eye best week in years. Gold price moved further to the upside during the … [Continue reading]
CAD likely to find it difficult to hold its ground against the USD – Commerzbank
Share: In a risk-averse environment, the Canadian Dollar is likely to find it difficult to hold its ground against the US Dollar, in the opinion of economists at Commerzbank. Limited CAD recovery potential against the USD “The jitters on the … [Continue reading]
Dollar to remain on a weaker footing if Fed pursues continued rate hikes – MUFG
Share: US Dollar struggles to find demand. Economists at MUFG Bank expect the greenback to remain under pressure if the Federal Reserve hikes by 25 basis points next week. A 25 bps hike next week is priced at about an 80% probability “Essentially, … [Continue reading]
EUR/USD Price Analysis: Northward road looks bumpy despite bulls holding above 1.0600
Share: EUR/USD refresh intraday high during two-day uptrend, consolidates Wednesday’s big losses. Sustained break of 200-HMA, two-day-old bullish channel keeps buyers hopeful. Nearly overbought RSI conditions, sluggish MACD signals prod … [Continue reading]
EUR/GBP steadies around 0.8760 level amid uncertainECB’s rate hike trajectory
Share: EUR/GBP trades listlessly on ECB’s blurred rate hike path amid global banking turmoil. Liquidity crisis and policy uncertainty left Euro with mixed reactions. Market awaits UK CPI and BoE Interest Rate decision next week. EUR/GBP is … [Continue reading]
Forex Today: Unexpected consolidation, DXY drops as risk sentiment improves
Share: Here is what you need to know on Friday, March 17: The stock market stole volatility on Thursday. Wall Street indexes opened in the red to finish in the green with a gain of more than 1%. The Nasdaq led with a rally of 2.48%. Systemic risk … [Continue reading]