Share: GBP/JPY struggles to break the 184.00 mark amid potential Japanese FX intervention, ending Tuesday with near flatline movement. Negative divergence in RSI suggests a potential for a pullback, with the Tenkan-Sen line inching closer to price … [Continue reading]
Trading on centralized exchanges like Binance, Coinbase grows in Q2 despite regulatory crackdown
Share: Centralized exchanges have noted an increase in trading volume despite SEC suing Binance and Coinbase. Decentralized exchanges, on the other hand, have been losing investors' interest as the volume traded on their platforms has also declined … [Continue reading]
Pound Sterling extends upside as risk appetite solidifies
Share: Pound Sterling has jumped to near 1.2740 as consumer inflation expecations have soared. Inflation in the United Kingdom is sticky due to the tight labor market and 45-year high food inflation. After a slightly higher Manufacturing PMI, … [Continue reading]
The SEK still looks very vulnerable – SocGen
Share: EUR/SEK is flying higher to 11.80. Economists at Société Générale analyze Krona's outlook. Riksbank’s room for manoeuvre is limited The Swedish CPI is finally coming back from double-digit territory, but is still the highest in G10 and very … [Continue reading]
AUD/USD nosedives 40 pips to 0.6650 on RBA inaction
Share: AUD/USD takes offers to reverse early-day gains, prod three-day uptrend, after RBA’s dovish surprise. RBA stays away from rate hike after two consecutive hawkish surprises, keeps benchmark rate unchanged at 4.10%. Yield curve inversion … [Continue reading]
The Graph price shoots up 30% in 24 hours, but the AI-token rally might be short-lived
Share: The Graph price rallied by more than 30% in a day, trading at a two-month high of $0.138. GRT leading the increase in the crypto market also led to realized profits hitting a monthly high. The MVRV ratio, along with price indicators, is … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC makes modest leap above $31,000
Share: Bitcoin price remains promising into the new week, toned by a modest foray above $31,000. Ethereum price eyes the zone above $2,000 as correlation with the flagship crypto continues. Ripple price eyes a deepening correction unless buyer … [Continue reading]
Gold Price Forecast: XAU/USD to have little reason to move significantly higher anytime soon – TDS
Share: Gold fell last week as investors bet on further rate hikes by the Fed. Economists at TD Securities analyze XAU/USD outlook. High probability of another 25 bps in late-July Investors are worried that a lack of economic weakness in the US and … [Continue reading]
Dollar can find some support this week – ING
Share: The month of June saw the dollar weaken against all G10 currencies except for the Japanese Yen, but the greenback has been quite supported in the past few days. Economists at ING analyze USD outlook. Data in focus amid thin holiday volumes … [Continue reading]
Will Bitcoin price face negative effects from Federal Reserve’s two rate hikes?
Share: Bitcoin price is still stuck in a rangebound movement for the eleventh day with no directional bias in sight. Altcoins have seized the opportunity, rallying massively over the past few days. The US Federal Reserve's upcoming rate hikes could … [Continue reading]