Wall Street trims losses, DXY approaches daily lows. Bond yields off highs, after reaching weekly highs. EUR/USD remains sideways with bullish bias. The EUR/USD has recovered 1.0611, reaching the lowest level since last Thursday and then bounced … [Continue reading]
USD/CAD keeps heading south and approaches important support at 1.3520
The USD dives for the third consecutive day. Hopes of Fed easing are weighing on the Greenback. The Lonie appreciates with oil prices rising steadily. The US Dollar has extended losses against its Canadian counterpart on Tuesday reaching to hit … [Continue reading]
USD/JPY remains depressed below 133.00 amid quiet trading
USD/JPY is treading listlessly amid a quiet start to the holiday-shortened week. US Dollar drops with Treasury bond yields amid China-led risk-on mood. USD/JPY bulls need acceptance above 133.00 to resume the recovery. USD/JPY is trading … [Continue reading]
USD/CAD Price Analysis: 50-DMA probes immediate downside above 1.3500
USD/CAD takes offers after breaking six-week-old ascending trend line support, now resistance. The first bearish MACD signal in a month, RSI retreat suggests further downside. 50-DMA challenges bears targeting ascending support line from … [Continue reading]
South Korea Consumer Sentiment Index registered at 89.9 above expectations (87.4) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Nexo pushes to “save” bankrupt crypto lender Vauld despite acquisition fallout
Nexo intends to help the creditors of Vauld to recover as much of their funds as possible. Vauld called off the acquisition by Nexo merely five months after signing the deal. Nexo recently announced its departure from the United States by phasing out … [Continue reading]
Bitcoin price volatility alarmingly low, $16,500 is key liquidation level for BTC
Bitcoin long and short positions see parity after BTC price volatility hits an all-time low. Experts believe institutional traders could hunt liquidity at the $16,500 level, based on the liquidation levels heatmap. BTC could gather … [Continue reading]
Binance France hit by lawsuit €2.4 million by investors accusing the exchange of violating French law
Binance France and Binance Holdings Ltd. is hit by a lawsuit for violation of the French law. The lawsuit alleges that the exchange platform violated the law by advertising and distributing crypto services before receiving … [Continue reading]
Solana Price Prediction: SOL to trade under $10
Solana price is at a 20% loss in market value for December SOL has not traded sub-$10 since February 2021 during the Crypto bullrun. A hurdle above $13 is needed to invalidate the bearish outlook and consider aiming for range-bound targets. Solana … [Continue reading]
Polkadot Price Prediction: $4 DOT soon but $2.50 is the discount
Polkadot price is down by 22% since the start of the month. DOT trades at the upper end of a range established in 2020. Invalidation of the bearish thesis is a breach above $4.65. Polkadot price could be setting up for a devastating downswing … [Continue reading]