USD/JPY marches firmly at around the 145.70s area as threats of Japanese intervention loom. Last week’s US employment report justifies the Fed’s case to go 75 bps in the November meeting. Fed’s Evans is optimistic that the Fed might slow down … [Continue reading]
AUD/USD to fall towards 0.60 after RBA’s dovish decision – MUFG
The Reserve Bank of Australia’s (RBA) surprise decision to slow the pace of tightening by delivering a smaller 25 bps hike weighed on the aussie. Economists at MUFG Bank expect the AUD/USD pair to challenge the 0.6000 level. RBA policy update … [Continue reading]
EUR/USD: Threat of energy crisis to continue putting pressure on the euro – Commerzbank
Today, an expert commission is expected to publish details about measures to ease the impact of high gas prices proposed by the German government. Nonetheless, the euro is set to remain under pressure as common action across Europe is what matters, … [Continue reading]
Taiwan’s Pres. Tsai: Peace and stability in the Taiwan Sstrait has been threatened by China
Taiwanese President Tsai Ing-Wen said on Monday that “the status quo of peace and stability in the Taiwan Strait has been threatened by China's expansion of its military intimidations, diplomatic pressure, trade restrictions, and attempts to … [Continue reading]
Gold Price Forecast: XAU/USD rebounds to $1,700 with eyes on US inflation, Fed Minutes
Gold price struggles to keep pullback from the monthly high, rebounds from short-term key supports. Hawkish Fed bets, geopolitical concerns underpinned the US dollar’s demand. Firmer US jobs report, mixed concerns in the EU add strength to the USD … [Continue reading]
Solana launches the Mesh program for DAOs as SOL price foreshadows a 12% climb
Solana price needs to close the distance to $33.34 ahead of a potential rising triangle breakout. Solana announces Mesh; a new program specifically built for DAOs and institutions. Solana price is assessing the possibility of a bullish breakout to … [Continue reading]
Ethereum price could validate a 12% selloff before relief rally
Ethereum price is grinding toward a potential symmetrical triangle breakout. Hope for a bullish breakout from the triangle may be snuffed out by intense seller congestion at $1,334. Ethereum price relief rally is at the mercy of investors holding … [Continue reading]
Polkadot’s new roadmap is the lifeline of a potential DOT price rally
DOT price is ready for a 180 degrees turnaround to $6.50 and $8.00. Polkadot's founder, asynchronous rob, releases a new roadmap for the ecosystem's fourth quarter in 2022. Scalability tops Polkadot's priority list, especially from the developers' … [Continue reading]
Binance to spend $1 billion on acquisitions in 2022 as BNB price bleeds
Binance Coin price slides further below $300 after a $570 million hack attack. Changpeng Zhao, the Binance exchange CEO, says that the firm may spend $1 billion on new acquisitions and investments. BNB price breaks out of a rising wedge pattern; … [Continue reading]
Why the XRP price rally is unstoppable – forecasting a 40% bullish move
XRP price rallies 53.40% in 30 days as Ripple inches closer to winning the lawsuit against the SEC. A cup and handle pattern on the daily chart could propel XRP price to $0.70 if confirmed. Failure to close the day above $0.50 might invalidate the … [Continue reading]