Share: Natural Gas prices could return to $3 as cold season kicks in for Europe. Natural Gas prices have fallen throughout November. The US Dollar starts to turn after three weeks of continued weakness. Natural Gas (XNG/USD) … [Continue reading]
Spain Unemployment Change: -24.6K (November) vs previous 36.936K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/INR loses ground, eyes on Indian Services PMI, RBI rate decision
Share: Indian Rupee gains ground on the softer USD, upbeat Indian growth number. The Reserve Bank of India (RBI) is likely to maintain the status quo on the rate in its policy meeting this week. Market players will monitor the S&P Global India … [Continue reading]
AUD/USD posts modest gain above 0.6670, RBA rate decision, US ISM Services PMI eyed
Share: AUD/USD extends its gain near 0.6672 in early Monday. Market players raise the speculation that the Fed could begin cutting interest rates as early as March 2024. The Reserve Bank of Australia (RBA) is likely to keep cash rates … [Continue reading]
Solana price eyes $70 as founder Anatoly Yakovenko bins narrative that SOL is an Ethereum killer
Share: Solana founder Anatoly Yakovenko has binned the narrative that SOL is an Ethereum killer. He says that while the theory became loud during the past cycle, it should not be used in the coming one. According to the Solana executives, it is … [Continue reading]
Bitcoin price could scrap $40,000 before a bigger dip, key levels to watch
Share: Bitcoin price remains bullish, up almost 60% since mid-September, confirming the “Q4 is the best month for BTC” narrative. BTC could extend to tag the $40,000 psychological level before a bigger dip to give late and sidelined investors buy … [Continue reading]
Cardano Price Prediction: ADA risks a 10% correction unless this happens
Share: Cardano price is testing a supply zone extending from $0.3998 to $0.4099 as part of a strong recovery rally. ADA could drop 10% to $0.3507 due to selling pressure from the aforementioned supply barrier. Invalidation of the bearish thesis … [Continue reading]
Singapore Purchasing Managers Index increased to 50.3 in November from previous 50.2
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
dYdX price jumps almost 10%, defies narrative after 150 million DYDX token hit the market
Share: The dYdX network unleashed 150 million DYDX tokens to the market on December 1. Traders rode the associated volatility and now DYDX boasts almost 10% in gains hitherto. The tokens were unlocked on the dYdX chain, which is not supported by … [Continue reading]
Render price trades within a supply zone, risks a 20% fall unless this happens
Share: Render price is confronting a formidable supply barrier that continues to threaten its upside potential after a 165% climb. RNDR could drop 20% to the $2.825 support level amid selling pressure from this zone. The bearish thesis will be … [Continue reading]