Share: Mexican Peso extends its gains for second straight day, as USD/MXN drops to 18.15 despite the sour market mood. Mexico's economic activity exceeded estimates in August, providing a positive backdrop for the Peso. US 10-year bond yield pulls … [Continue reading]
GBP/USD: Gains may be hard to come by for now – Scotiabank
Share: GBP/USD trades back to the mid-1.21 area. Economists at Scotiabank analyze the pair’s outlook. Choppy range trading may continue in the short run Cable slippage to the 1.21 area or just below found good support last week but gains to the … [Continue reading]
USD/MXN attempts to recover recent losses, trades higher around 18.2500
Share: USD/MXN faced a challenge due to risk-off sentiment. Israel-Hamas war could weigh on the Mexican Peso. Mexico's Retail Sales declined to 0.4% (MoM) in August, while the annual data grew at 3.2%. Greenback receives upward support on … [Continue reading]
Australian Dollar hovers above the major level, focus on US, Australia data
Share: Australian Dollar struggles as the US Dollar recovers recent losses. Australia’s central bank is expected to implement more interest rate hikes. Upbeat US Treasury yields contribute support for the Greenback. The Australian Dollar (AUD) … [Continue reading]
Polkadot Price Forecast: DOT likely to slide to $3.70 as weekend rally fizzles out
Share: Polkadot price trades below a declining trend line for the third consecutive month. A decisive flip of the $3.90 level will trigger an uptrend, but a rejection could knock DOT lower. A pullback to $3.70 is likely to come first before a … [Continue reading]
Solana has a good chance of being 2024’s best performer
Share: Solana price performance since the start of 2023 is 195%, beating Bitcoin’s 82% and Chainlink’s 70.52%. This performance could carry forward to the next year, keeping SOL relevant and rallying higher. Technicals suggest SOL could … [Continue reading]
Ethereum Classic Price Prediction: ETC edges closer to a 30% move
Share: Ethereum Classic price ranges between a high time frame range, extending from $14.70 to $27.73. The daily chart showcases a descending triangle setup, forecasting a near-30% move. Confirmation of an uptrend will arrive on the flip of the … [Continue reading]
Chainlink shatters multi-month hurdle after 21% rally, what can LINK holders expect next?
Share: Chainlink price has slipped past the 15-month resistance level, extending from $7.69 to $7.85. In the last four hours, $3.78 million worth of positions have been liquidated. A weekly candlestick close below $7.69 will invalidate the … [Continue reading]
Chainlink shatters shatters multi-month hurdle after 21% rally, what can LINK holders expect next?
Share: Chainlink price has slipped past the 15-month resistance level, extending from $7.69 to $7.85. In the last four hours, $3.78 million worth of positions have been liquidated. A weekly candlestick close below $7.69 will invalidate the … [Continue reading]
Breaking: Bitcoin price breaches $30,000 after Federal Reserve Chair Jerome Powell’s Friday speech
Share: Bitcoin price has breached the $30,000 psychological level, to trade at $30,150 at press time. Taking off like an arrow from the bow, the flagship cryptocurrency has recorded a steady streak of higher highs. Experts attribute to the … [Continue reading]