Share: Fantom price observed a relatively quicker recovery in comparison to other altcoins trading at $0.27. FTM investors are facing a demand wall at $0.43 breaching, which would turn 1.08 billion FTM profitable again. This would reinvigorate … [Continue reading]
LINK whales activity jumps by 1000% as selling plagues network after Chainlink price hit two-year lows
Share: Chainlink price is currently trading at $5.2, last visited by the altcoin in July 2020. LINK whale transaction volume rose to $300 million, far higher than the average of $24 million. Most of the large wallet holders moved to sell along with … [Continue reading]
BlackRock Bitcoin ETF application, making a case for SEC approval
Share: BlackRock has revealed a new strategy that could bolster its Bitcoin ETF application. The move involves collaborating with Nasdaq for a surveillance-sharing agreement with an operator of a spot trading platform for Bitcoin. The asset manager … [Continue reading]
Gold, the Chart of the Week: XAU/USD is coiled and breakout eyed
Share: Gold is under pressure while below the daily trendline but bulls eye a break higher. Bears eye $1,930s to open risks of a bearish extension. Gold prices rose for a third-straight session posting a minor gain on Friday although we are at a … [Continue reading]
USD/JPY Price Analysis: Breaks to new YTD highs on USD strength, rising wedge in focus
Share: USD/JPY surges to a YTD high of 141.91, though failure to surpass 142.00 could trigger a sell-off. The rising wedge pattern sparks uncertainty as USD/JPY nears key resistance. Japanese FX intervention may influence future USD/JPY direction. … [Continue reading]
NZD/USD flat on Friday, clinging weekly gains
Share: NZD/USD traded neutral at the 0.6230 area on Friday but set a 1.70% weekly gain. Hawkish Fed speakers and upbeat UoM data gave the USD momentum. Rising US bond yields limited the Greenback's traction. The NZD/USD traded stable at the 0.6210 … [Continue reading]
EUR/USD Price Analysis: Bulls run into resistance, bears eye trendline resistance
Share: EUR/USD bulls eye higher highs but a correction could be on the cards. Bears eye a correction to test trendline support. The euro surged into the 1.0970 mark vs. the US Dollar on Friday, reaching its strongest level since May, … [Continue reading]
Fed: Outlook for funds rate subject to considerable uncertainty
Share: Inflation in the US is well above target and the labor market remains very tight, the US Federal Reserve's recently published monetary policy report to Congress read, ahead of Chairman Jerome Powell's Capitol Hill testimony next week, … [Continue reading]
USD/CHF looks set for a bumpy ride below 0.8900 as SNB policy comes into picture
Share: USD/CHF is expected to resume its downside journey below 0.8900 amid an upbeat market mood. The USD Index is facing the heat as investors are expecting that the Fed might raise interest rates for once only. SNB Jordan believes that this is … [Continue reading]
USD/MXN rebounds from 17.10 follows footprints of USD Index
Share: USD/MXN has displayed a recovery move from 17.10 following positive cues from the USD Index. S&P500 futures have increased losses as investors are hoping that recession fears in the US have not receded. The US economy is operating in a … [Continue reading]