Previewing the upcoming jobs report from Canada, analysts at TD Securities said that they expect employment to rise by 8,000 in December with the labour market starting to cool down. Wages to push higher to 5.5% y/y "This should push the unemployment … [Continue reading]
Forex Today: Quiet start to 2023 as major markets remain closed
Here is what you need to know on Monday, January 2: Major currency pairs remain stuck near Friday's closing levels on Monday amid thin trading conditions. Bond and stock markets will be closed in Europe and in the US in observance of the New Year … [Continue reading]
NZD/USD Price Analysis: Justifies Friday’s bearish Doji below 0.6350
NZD/USD prints mild losses around a two-week high, justifies the previous day’s bearish candlestick formation. Previous support line from October, bearish MACD signals also keeps sellers hopeful. 200-day EMA holds the key to Kiwi bear’s … [Continue reading]
German FinMin Linder sees 2023 inflation at 7.0%
Germany's Finance Minister (FinMin) Christian Lindner expects inflation in Europe's biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but believes high energy prices will become the new normal, reported Reuters. "The … [Continue reading]
Ethereum whales scoop up Shiba Inu tokens, here’s what to expect
Ethereum network’s large wallet investors continue to accumulate the second largest meme coin, Shiba Inu. Rising demand for the dog-themed cryptocurrency failed to influence SHIB price, the meme coin is 90% away from its all-time … [Continue reading]
Robert Kiyosaki scoops up Bitcoin before crypto regulations crush innovation
Robert Kiyosaki revealed that he is scooping up Bitcoin before most crypto tokens are classified as securities and innovation is crushed. The Rich Dad Poor Dad author and entrepreneur recommends that traders accumulate gold, silver and Bitcoin … [Continue reading]
Bitcoin and Ethereum to battle rising liquidity pressures in 2023, here’s what to expect
Bitcoin and Ethereum prices wiped out all gains from the euphoric highs of 2022 under rising selling pressure in the bear market. The November-December economic data shows signs of recession in the US and Europe are becoming apparent, Fed could … [Continue reading]
Cardano development activity could help the Ethereum killer navigate crypto winter
Cardano ranks first among top blockchain protocols in 2022 in terms of development activity. The Ethereum killer outperformed Polkadot, Cosmos, Elrond, Optimism and others to top the development activity chart. Total value locked on the … [Continue reading]
Bitcoin on track to be undervalued as stablecoin reserves drop to pre-2021 bull run levels
Bitcoin is not undervalued as on-chain profit and loss indicators predict BTC bottom is approaching. Unspent transaction output in profit and loss provides clear BTC buy signals when a cross is generated, the indicator is yet to show a cross in … [Continue reading]
Dogecoin developer announces no plan to move to proof-of-stake, DOGE slips 12% in a week
Dogecoin core developer Michi Lumin reveals the meme coin has no plans to move to the proof-of-stake consensus mechanism. The plan is to share a proposal with the DOGE community, to move to a chain different from a traditional … [Continue reading]