Share: A meanwhile correction in NZD/USD is playing out. However, a break of structure can be noted as a bearish bias for the days ahead. NZD/USD was significantly lower after Friday’s outsized US Nonfarm Payrolls print, but the … [Continue reading]
GBP/USD Price Analysis: Drops below the 100-DMA as bears eye 1.2000
Share: Since last Thursday, the GBP/USD has lost more than 3% as the US Dollar strengthened. GBP/USD Price Analysis: Daily close below the 100-DMA would exacerbate a test of 1.2000. The Pound Sterling (GBP) capped its fall against the US Dollar … [Continue reading]
Gold Price Forecast: XAU/USD poised to challenge $1,860 support
Share: XAU/USD Current price: $1,868.85 Political tensions between the United States and China undermine the market mood. US Treasury yields soared as stocks fell, backing demand for the US Dollar. XAU/USD is technically bearish in the near term, … [Continue reading]
AUD/USD hovers around 0.6900, over two-week low as focus shifts to RBA on Tuesday
Share: AUD/USD turns lower for the third straight day and is pressured by a combination of factors. Strong follow-through USD buying and the risk-off mood act weigh on the risk-sensitive Aussie. The downside seems limited in the absence of US macro … [Continue reading]
EUR/USD Forecast: Euro could extend slide with a drop below 1.0760
EUR/USD has gone into a consolidation phase below 1.0800. US Dollar preserves its strength following the NFP-inspired rally. 1.0760 aligns as key near-term technical support for the pair. Following the sharp decline witnessed in the second … [Continue reading]
Gold Price Forecast: XAU/USD bounces off $1,860 support amid Fed, China concerns
Gold price snaps two-day downtrend at the lowest levels in a month. US Dollar bulls struggle ahead of Fed Chair Powell’s speech. Sino-American tussles renew as Washington shot down Chinese balloon. Gold price (XAU/USD) consolidates the recent losses … [Continue reading]
USD/CHF Price Analysis: Pullback looks favored before an upside break around 0.9280
USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near … [Continue reading]
Is there more upside to Dogecoin-killer Shiba Inu’s rally after 100% gain in 90 days?
Shiba Inu gained 100% against Dogecoin, hitting 0.00001638, up 100% within three months of hitting bottom at 0.00000993 in November. The sharp recovery of the Dogecoin pair came into focus with the impending launch of Shibarium, a Shiba-Inu … [Continue reading]
Justin Sun announces listing of FTX exchange’s debt asset FUD on Huobi Global
Justin Sun revealed that Samuel Bankman-Fried’s FTX exchange’s user debt has been tokenized to provide liquidity through FUD. The debt is in tens of millions of dollars and the early bird issuance on Huobi is at a discount, capped at 20 … [Continue reading]
Why Bitcoin is still in a bear market and what this means for BTC price?
Bitcoin performance suggests that the bottom might already be in, however analysts are waiting for a full year to pass since the 2022 bear market rally. Bitcoin on-chain flows show the amount of Bitcoin transferred from miner addresses to … [Continue reading]