Share: USD/CAD remains sidelined around one-week low, pauses two-day losing streak. US Dollar stays depressed while tracking a pullback in the Treasury bond yields. WTI defends previous day’s U-turn from 12-day top amid hopes of more US SPR … [Continue reading]
Gold Price Forecast: XAU/USD bears comply with symmetrical triangle
Share: Gold price bulls eye the 50% mean reversion as a resistance area that could hold. Gold price bears seek a break of $1,850 for the continuation to the $1,825 1000 pip target. US CPI is a critical event for the Gold price this … [Continue reading]
NY Fed: One-year consumer inflation expectation stays unchanged at 5% in January
Share: The Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation stayed unchanged at 5% in January. Further details of the publication showed that the … [Continue reading]
EUR/USD: Downside risks remain – OCBC
Share: EUR/USD lost over 100 pips last week and stays in a consolidation phase below 1.0700 on Monday. Economists at OCBC Bank note that the pair remains under bearish pressure. Initial support aligns at 1.0660 “Bearish momentum on daily chart … [Continue reading]
EUR/USD to rise to 1.10 by Q2 – Deutsche Bank
Share: Economists at Deutsche Bank expect the EUR/USD and GBP/USD pairs to climb towards 1.10 and 1.25 by Q2, respectively. USD to be on a sustained downward trend from here onwards “The USD has further weakened since the start of 2023, and we … [Continue reading]
EUR/USD renews monthly low below 1.0700 amid ECB, Fed chatters, focus on EU GDP, US inflation
Share: EUR/USD seesaws around five-week low as bears take a breather. ECB’s Visco downplays rate hike bias, Fed’s Harker appears confused. Challenges to sentiment amid “unidentified objects” joins cautious mood ahead of key data to weigh on … [Continue reading]
EUR/USD sees more weakness below 1.0660 as investors expect a surprise upside in US CPI
Share: EUR/USD is expected to display a downside below 1.0660 as the street fears a surprise rise in US inflation. Fed policymakers see interest rates higher for a more extended period as inflation is still elevated. ECB policymakers have been … [Continue reading]
MATIC explodes as Polygon price sees whale-size inflow with 4.56bio $MATIC in demand
Share: Polygon price is on a tear with no signs of slowing down. MATIC, however, is starting to look like a house of cards and could see headwinds blow it away soon. Traders need to be aware of what is driving price action to grasp the risks that … [Continue reading]
Solana price nears crossroad as bulls need to choice on their next move
Share: Solana price tanks over 10% for the week as a negative close looks inevitable. SOL nears a crucial point that could, once broken, see a 55% nosedive move. With many headwinds, it will only take one negative catalyst to enter the danger … [Continue reading]
Assessing fair value for Hedera Hashgraph price amid growing tail risks
Share: Hedera Hashgraph is pushing for $0.08538374 to the upside on a stream of positive headlines. HBAR added Dell to the governance council after Ubisoft, IBM, Google, Boeing, and Deutsche Telekom had already confirmed. Outside tail risks could … [Continue reading]