Share: Cardano price cleared two key weekly hurdles at $0.401 and $0.499 in early December 2023. It is likely ADA will trade within the $0.499 and $0.689 range until bulls build up enough momentum. A breakdown of the $0.401 will invalidate … [Continue reading]
IMX, LINK, PYTH: Three altcoins that are likely to experience volatility as social dominance peaks
Share: Immutable X, Chainlink and Pyth token prices and market capitalization surged over the week, inspiring a rise in social dominance. IMX, LINK and PYTH are likely to display heightened volatility, amid hype-inspired FOMO. The three altcoins … [Continue reading]
US Dollar closes a winning week as hawkish bets on the Fed on March rise
Share: The DXY rose by more than 0.80% to 103.90 on Friday US Nonfarm Payrolls came in higher than expected for January. US bond yields are sharply increasing as markets push to May the start of the easing cycle. The US Dollar (USD) rose to 103.90 … [Continue reading]
NZD/USD faces strong downward force amid surprising strong NFP figures
Share: The NZD/USD showed a strong downward swing, falling near the 0.6060 level. US Nonfarm Payrolls added 353K jobs in January surpassing by a wide margin the expectations. The bets of a rate cut in March sharply declined and markets pushed the … [Continue reading]
EUR/JPY Price Analysis: Reclaims 160.00 amid upbeat sentiment
Share: EUR/JPY rises to 160.07 amid risk-on mood, US equity gains, surpassing key 160.00 mark. Technical outlook hints at further rise, aiming for January 19 high at 161.81, with 162.00 as next goal. Falling below 160.00 may lead to support retest … [Continue reading]
Canadian Dollar gains, but Greenback gains more after NFP goes gangbusters
Share: Markets pile into the US Dollar after NFP posts biggest number in a year. Canada wrapped up econ data on Wednesday, Loonie traders await Ivey PMIs next Tuesday. US NFPs also saw huge revisions on the back end. The Canadian Dollar (CAD) is … [Continue reading]
Breaking: US Nonfarm Payrolls increase by 353,000 in January vs. 180,000 expected
Share: Nonfarm Payrolls (NFP) in the US rose by 353,000 in January, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 333,000 increase (revised from 216,000) recorded in December and surpassed the market … [Continue reading]
EUR/USD Forecast: Euro could extend recovery on a soft US jobs report
Share: EUR/USD continues to edge higher following Thursday's rally. Nonfarm Payrolls in the US are forecast to rise by 180,000. The pair could encounter stiff resistance at around 1.0900. After touching its lowest level since December 13 at 1.0780 … [Continue reading]
Gold price stands tall near one-month peak as spotlight shifts to US NFP report
Share: Gold price consolidates its recent gains to a one-month peak touched on Thursday. Traders opt to wait on the sidelines ahead of the release of the critical US jobs report. A combination of factors lends support to the XAU/USD and favours … [Continue reading]
Japan Monetary Base (YoY) fell from previous 7.8% to 4.8% in January
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]