Share: The JPY is back as the “safe haven” of choice, as recent “risk off” periods have been associated with falling US yields. If banking-related anxiety does not intensify, this would point to a weaker JPY over the near term, but economists at … [Continue reading]
USD/MXN Price Analysis: Licks its wounds around 18.00 within falling wedge
Share: USD/MXN remains pressured near three-week low, stays within fortnight-old bullish chart pattern. Oversold RSI, mildly upbeat MACD signals suggest that Mexican Peso pair bears are running out of steam. Multi-month low marked in March puts a … [Continue reading]
AUD/USD stays depressed below 0.6700 on downbeat China Caixin Manufacturing PMI
Share: AUD/USD remains pressured around one week low, fades bounce off intraday low of late. China Caixin Manufacturing PMI for March ease to 50.0 versus 51.7 expected and 51.6 prior. Australia Building Permits for February prod AUD/USD … [Continue reading]
USD/CAD bears lurking on OPEC news
Share: USD/CAD bears lurking for the open on OPEC news. OPEC producers announce voluntary oil output cuts. USD/CAD ended Friday near flat but the Canadian Dollar edged lower against its US counterpart although it held near its strongest … [Continue reading]
Will Bitcoin hit its $35,000 target in April: BTC deep dive
Share: Bitcoin analysts have identified the formation of a “cup and handle” in BTC’s daily price chart, with a minimum target of $35,000. Experts have identified April as the month when Bitcoin tests resistance at the $30,000 level, and … [Continue reading]
Dogecoin whales are buying the dip: Will DOGE lead a meme coin price rally?
Share: Dogecoin price yielded 9% gains overnight, as large wallet investors continued accumulating the meme coin. The largest meme coin in the crypto ecosystem showed mild decoupling signs from the broader crypto market over the … [Continue reading]
Arbitrum Foundation plans to steal $750 million via AIP-1?
Share: Arbitrum Foundation’s first governance proposal stirred a controversy as it recommended the transfer of 750 million tokens to Special Grants. While Arbitrum Foundation’s documents state 4.278 billion ARB tokens were meant to be … [Continue reading]
Will MATIC price conquer the bullish target of $2 again?
Share: MATIC recovered from its recent pullback and made a comeback to stable support at $1.11. The Ethereum scaling solution token needs to overcome the supply wall between $1.15 to $1.31 to begin a new uptrend in its rally. Nearly … [Continue reading]
Why exchange tokens Uniswap, Synthetic and Thor are rallying despite regulatory hurdles
Share: US regulatory crackdown on crypto intensified over the past week, several altcoins with large market capitalization nosedived. Despite the regulatory hurdles, exchange tokens have emerged as the category that yielded gains for … [Continue reading]
XRP holders jittery over SEC v. Ripple lawsuit outcome: Will XRP price recover?
Share: XRP price noted a sharp decline earlier today, the altcoin is changing hands at crucial support level $0.51. XRP proponent John Deaton outlined the best and worst outcomes for the US financial regulator’s lawsuit against payment giant … [Continue reading]