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]
Dogecoin price offers multiple sell signals as crypto pullback dims optimism for altcoin season
Dogecoin extends its decline by 22% from its recent high as meme coins aggressively claw back gains.The RSI reversal indicates a decline in speculative demand ahead of a potential MACD sell signal.A neutral Spot Volume Bubble Map suggests that the … [Continue reading]
US Durable Goods Orders decline by 9.3% in June vs. -10.8 expected
Durable Goods Orders in the US fell at a softer pace than expected in June.The US Dollar Index edges higher toward 98.00.Durable Goods Orders in the United States (US) declined by 9.3%, or $32.1 billion, in June to $311.8 billion, the US Census … [Continue reading]
Gold price selling bias remains unabated; looks to US data for a fresh impetus
Gold price attracts sellers for the third straight day amid some follow-through USD strength.Trade optimism remains supportive of the upbeat mood and undermines the precious metal.The Fed uncertainty could cap the USD and help limit losses for the … [Continue reading]
US President Donald Trump is shifting to dealmaking mode on China – WSJ
According to the Wall Street Journal (WSJ) on Friday, US President Donald Trump is now pursuing dealmaking with China. As the United States (US) prepares for a new round of trade talks with Chinese officials next week, Trump's strategy is shifting … [Continue reading]
USD/CAD gathers strength to near 1.3650 as Canada’s Retail Sales shrink
USD/CAD strengthens to near 1.3645 in Friday’s early Asian session. Canadian Retail Sales fell by 1.1% MoM in May, weighing on the Canadian Dollar. Renewed concerns about the Trump administration and the Fed might cap the upside for the … [Continue reading]
Forex Today: UK Retail Sales take centre stage alongside German business morale
The US Dollar managed to regain some balance and print decent gains on Thursday, always amid mixed results from the US docket, advancing US yields across the board, and recent progress on the trade front.Here's what to watch on Friday, July 25:The US … [Continue reading]
Pi Network Price Forecast: PI hit a crucial crossroads as bullish momentum fades
Pi Network edges lower to retest crucial support floor, erasing Tuesday's gains.CEXs’ token balances surge, signaling increased selling ahead of the 10.8 million PI token unlock on Monday.The technical outlook suggests a surge in bearish momentum, … [Continue reading]
GBP/USD: Likely to test 1.3610 before leveling off – UOB Group
Pound Sterling (GBP) could test 1.3610 before leveling off; the next resistance at 1.3650 is unlikely to be threatened. In the longer run, outlook for GBP remains positive, but the next resistance at 1.3650 is unlikely to come into view so soon, UOB … [Continue reading]
Japanese Yen stands firm as US-Japan trade deal revives BoJ rate hike bets
The Japanese Yen outperforms the USD as a deal with the US eases economic worries.The JPY bulls largely shrug off domestic political uncertainty and disappointing PMIs.The USD hangs near multi-week low and further exerts pressure on the USD/JPY pair. … [Continue reading]