AVAX's price is currently right at the cusp of breaching its immediate resistance at $21.47. If the altcoin flips $22.95 into a support floor, it could be able to rally on toward $25.94 and chart a 21% rally. Should the market lose its strength, AVAX … [Continue reading]
FTX founder Sam Bankman-Fried’s Emergent Fidelity files for bankruptcy, Robinhood shares fall into limbo
FTX bankruptcy proceedings will not include the $550 million worth of Robinhood shares, which remain seized by the Department of Justice. Emergent Fidelity only has about $20.7 million in cash at the moment, with no other assets. FTT price has been … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: A conservative take on a bullish market
Bitcoin price remains in an uptrend but faces shorter resistance near $25,000. Ethereum price shows promise after tagging $1,700 earlier in the week. Xrp price still shows potential for a spike tour 0.44 in the short term. The crypto market has seen … [Continue reading]
Cardano Price Prediction: ADA bulls prep for a monsoon upswing
Cardano price reaches a new high within the uptrend at $0.4125 . ADA shows a 1-2-1-2 pattern which could prompt a much larger rally. Invalidation of the bullish idea could occur from a breach below $0.36. Cardano price continues to display bullish … [Continue reading]
US: Despite the rebound, the breadth of services expansion has still slowed – Wells Fargo
The ISM Service PMI released on Friday showed the index rose back above 50, into expansion territory. Analysts at Wells Fargo, point out that after just a single month under 50, the services ISM shot back up into expansion. However, they warn the … [Continue reading]
US Dollar to weaken this year, with periods of volatility and bouts of strength – MUFG
The US Dollar Index (DXY) weakened further in January after a sharp sell-off in Q4 last year. Economists at MUFG Bank see a weaker USD but do not expect a linear straight-line weakening trend. Weaker USD as Fed hiking work nearly complete “The … [Continue reading]
Forex Today: US January jobs report to wrap up volatile week
Here is what you need to know on Friday, February 3: Following the highly volatile action witnessed on Wednesday and Thursday, markets seem to have turned cautious on the last trading day of the week. As investors await the January jobs report from … [Continue reading]
USD/JPY prints day low at 128.50 USD Index loses momentum, US NFP buzz
USD/JPY has dropped to near 128.50 as the USD Index is struggling to extend gains above 101.55. Subdued US corporate earnings have strengthened the risk-off market mood. US Secretary of State Antony Blinken to meet with Chinese President Xi Jinping … [Continue reading]
Gold Price Forecast: XAU/USD stares $1,900 as Fed rate pause rumors might offset post-US NFP
Gold price is eyeing more weakness to near $1,900.00 after an inventory distribution breakdown. Higher US labor cost data could shrug off Fed’s policy tightening pause rumors ahead. S&P500 has displayed a three-day winning streak despite further … [Continue reading]
SNB Jordan: Can’t exclude more interest-rate increases, ready to be active in FX markets
Swiss National Bank Chairman Thomas Jordan is crossing the wires and has stated the following: Key comments Price stability does not happen automatically. We are seeing no wage-price spiral in Switzerland. Inflationary pressure … [Continue reading]