Share: USD/CNH eases from a one-week high to pare the previous day’s gain. 100-DMA, support-turned-resistance from early February appears a tough nut to crack for bulls. Looming bear cross on MACD, steady RSI (14) hints at further grinding towards … [Continue reading]
USD/MXN conquers the 18.000 figure ahead of Fed’s Powell speech before US Congress
Share: USD/MXN reclaims 18.0000 post US factory data, ahead of Fed’s Powell speech. The US Dollar remained offered, though it was no excuse for the USD/MXN to register gains. USD/MXN Price Analysis: Downward biased, but it would need a daily close … [Continue reading]
Shiba Inu price could crash to December 2022 lows if it loses this level
Share: Shiba Inu price declined by nearly 12% in the last seven days to trade at the $0.00001100 area. SHIB is looking at another 12.5% crash if the selling continues. If the altcoin ends up being oversold, it could recover slightly before hitting … [Continue reading]
USD/IDR: No changes to the side-lined mood – UOB
Share: Market Strategist Quek Ser Leang at UOB Group favours the continuation of the current consolidation in USD/IDR. Key Quotes “Our narrative last week was ‘Further USD/IDR strength is likely but it remains to be seen if the next major resistance … [Continue reading]
EUR/SEK: Hawkish Riksbank to support the Krona – CIBC
Share: Over the last month, only the MXN has outperformed the SEK versus both the USD and EUR. Economists at CIBC Capital Markets expect the Krona to continue strengthening over the coming months. Riksbank to tighten by a further 50 bps in April “In … [Continue reading]
China’s NDRC: Economy steadily improving
Share: Vice Chair of China’s National Development and Reform Commission of the People's Republic of China (NDRC) said in a statement on Monday, the economy steadily improving. Additional comments “Will further release the potential for consumption. … [Continue reading]
GBP/USD Price Analysis: Cable retreats towards resistance-turned-support near 1.2000
Share: GBP/USD pares the first weekly gain in three as traders brace for the key data/events. Upside break of one-month-old descending trend line, bullish MACD signals favor buyers. Bulls need clear break of 50-DMA to retake control; 200-DMA puts a … [Continue reading]
Gold, the Chart of the Week: XAU/USD bulls ride H4 dynamic support on key week ahead
Share: Gold price is bid into a very important week. Federal Reserve Chairman Jerome Powell and Nonfarm Payrolls will be the key events. H4 dynamic support is key on the way up, but a break thereof opens downside risks to test $1,1825. Gold prices … [Continue reading]
Ethereum blockchain deploys feature to help ETH users recovery crypto if they lose private keys
Share: The Ethereum blockchain has deployed a feature known as account abstraction, that makes it easier for users to recover crypto if they lose private keys. Ethereum’s ERC-4337 has been deployed, tested and marks the beginning of smart ETH … [Continue reading]
What to expect from Shiba Inu after Shytoshi raises prize pool for monthly Shiba Eternity tournament?
Share: Shiba Inu lead developer Shytoshi Kusama raised the prize pool for the monthly Shiba Eternity tournament to be held on March 5, 10 AM PT. The team behind Dogpad Finance, the official launchpad ecosystem for Shibarium volunteered to … [Continue reading]