Share: A strong test of the trendline resistance in EUR/USD could be on the cards. US Dollar is pressured and gives EUR bulls an advantage from daily support. EUR/USD bull's eye a strong continuation on the correction to the 38.2% … [Continue reading]
Gold Price Forecast: Appetite for XAU/USD is whetting – ANZ
Share: Macroeconomic developments continue to present a bullish backdrop for the Gold market, strategists at ANZ Bank report. Gold to ride on safe-haven demand “US banking sector issues, elevated interest rates and uncertainty around the debt … [Continue reading]
EUR/USD: Break below 1.0800/1.00730 to hasten a retracement toward 1.05 – SocGen
Share: The Euro retreated to the bottom spot in the G10 table after the marked selling on Friday. Economists at Société Générale expect EUR/USD to plummet toward 1.05 on a break under 1.0800/1.0730. Profit-taking looks tactical “The … [Continue reading]
Japan Machine Tool Orders (YoY) rose from previous -15.2% to -14.4% in April
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]
PBOC keeps one-year MLF rate unchanged at 2.75%
Share: After announcing the USD/CNY fix, the Chinese central bank, namely the People's Bank of China (PBOC) also performed its monthly duty of announcing the Medium-term Lending Facility (MLF) rates. That said, the PBOC's MLF for one-year … [Continue reading]
Gold Price Forecast: XAU/USD bulls committed on the front side of the bull trend
Share: Gold price is in a bullish phase and bulls eye all-time highs while on the front side of the bull trend. A break of $1,970 opens risk of a deterioration of the bull trend. In the prior week´s analysis, we talked about the weekly … [Continue reading]
Ripple Chief Legal Officer slams US SEC’s argument against the payment giant
Share: Stuart Alderoty, the Chief Legal Officer of Ripple criticizes the US financial regulator’s argument against the payment giant. Alderoty drew a parallel between the 1946 Howey Test case at the Supreme Court and the SEC v. Ripple … [Continue reading]
Cardano price gears up for recovery after massive spike in social engagements
Share: Cardano, Ethereum’s largest competitor, is on track to begin its recovery with 457.99 million social engagements in the last seven days. Cardano network released its node v.8.0.0 earlier this week, fueling a bullish thesis for the … [Continue reading]
Litecoin network activity climbs less than 100 days away from LTC halving
Share: Litecoin network has witnessed a massive spike in active addresses and network activity. With LTC halving less than three months away, Litecoin price is recovering and nearly 50% of wallet addresses are profitable. The … [Continue reading]
Stablecoin outflows are diminishing, here’s how capital is returning to crypto markets
Share: Stablecoin outflows have consistently declined following the Terra LUNA collapse of 2022 according to data from Glassnode. Diminishing stablecoin outflows are indicative of returning capital and demand into the crypto ecosystem. … [Continue reading]