Share: GBP/USD holds steady, buoyed by positive US debt ceiling discussions but weighed down by hawkish Federal Reserve comments. The US Dollar Index remains flat, preventing further GBP/USD gains. Money market futures show a high probability of a … [Continue reading]
ECB’s Villeroy: We will be at the terminal rate not later than by summer
Share: "I expect today that we will be at the terminal rate not later than by summer," European Central Bank (ECB) policymaker Francois Villeroy de Galhau said while speaking at an event held at the Bank of France on Monday, per Reuters. Key … [Continue reading]
USD/CNY: Contrast between monetary easing stance and tightening bias to weigh on CNY – Commerzbank
Share: CNY weakened sharply last week. Economists at Commerzbank expect Yuan to remain under downside pressure. CNY weakness should remain in the near term “Last Friday, the PBoC issued a statement that vowed to curb speculation and called for more … [Continue reading]
GBP/USD: Downside alleviated above 1.2500 – UOB
Share: A breakout of 1.2500 should mitigate the downside pressure in GBP/USD, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Key Quotes 24-hour view: “We indicated last Friday that ‘as long as GBP stays … [Continue reading]
ECB’s Lagarde: We covered a large chunk of the journey toward taming inflation
Share: European Central Bank (ECB) President Christine Lagarde crossed wires via an interview on the Buitenhof TV show aired Sunday wherein she said, “I think we covered a large chunk of the journey toward taming inflation and bringing it back to … [Continue reading]
Gold Price Forecast: XAU/USD bears are in the market but bulls step up
Share: Gold price stalls on the offer and bulls are moving in. Trendline resistance could come under pressure. As per the prior week´s analysis, Gold Price Forecast: XAU/USD bulls committed on the front side of the bull trend, … [Continue reading]
Terra Luna Classic price needs consolidate for longer before LUNC triggers a quick rally
Share: Terra Luna Classic price has set up a falling wedge, forecasting a 36% upswing. Investors need to be cautious as the rally might prematurely stop after tagging the intermediate hurdle at $0.000105. A daily candlestick close below the … [Continue reading]
Dogecoin Price Forecast: DOGE shows promise of a bounce amid worsening market conditions
Share: Dogecoin price stabilizes after a retest of the $0.0713 support level. A bounce off this barrier could trigger a quick 7% rally to $0.0784, but it could extend all the way to $0.0916. A decisive breakdown of the $0.0688 support level will … [Continue reading]
Binance Coin price could plummet 25% if BNB shatters this critical level
Share: Binance Coin price has set up a rising wedge pattern on the daily chart, forecasting a 25% crash. A breakdown of the $300 psychological level will kickstart this nosedive to $236. Invalidation of this setup will occur if BNB manages to flip … [Continue reading]
Can PEPE price manifest a 25% rally amid bearish market conditions?
Share: PEPE price has developed a bullish divergence on the two-hour chart, forecasting bullish outlook. If successfully resolved, the buy signal could result in a 25% upswing A decisive flip of the $0.00000147 level will create a lower low … [Continue reading]