Share: Shiba Inu price is observing a potential hidden bearish divergence forming on the charts. SHIB investors have accumulated over 475.5 million worth of tokens in the span of a week, awaiting profits. If the bearish pattern plays out, the meme … [Continue reading]
Great news for Bitcoin adoption and access in Germany as dwpbank offers crypto trading to 1,200 affiliates
Share: German Deutsche bank has committed to offering Bitcoin trading to 1,200 affiliate banks. The bank is creating a new platform for this particular offering. More cryptocurrencies, digital assets, and tokenized securities will be added in the … [Continue reading]
EUR/USD edges lower, and tests 1.0750 support as a triple bottom stays in play
Share: EUR/USD is set to finish the week with decent gains of 0.89%. US economic data was mixed, though it portrays a deceleration of the economy. ECB policymakers remain focused on tackling high inflation levels in the Eurozone. As the New York … [Continue reading]
Bitcoin price could crash to $23,000 if this pattern repeats
Share: Bitcoin price formed a bearish divergence over the last week akin to mid-February this year. With the immediate support standing at $27,000, a decline below this level could push BTC to $23,000. If the cryptocurrency manages to breach the … [Continue reading]
Dollar might benefit more from the easing of the stress than the Euro – Commerzbank
Share: Financial market stress, central bank decisions. Economists at Commerzbank expect the US Dollar to benefit more than the Euro from the easing of global financial market stress. What will happen to the Dollar now? “The more the financial … [Continue reading]
EUR/USD comes under heavy pressure and breaches 1.0800
Share: EUR/USD adds to Thursday’s losses below the 1.0800 mark. Flash Manufacturing PMIs in Germany and EMU disappoint in March. US Durable Goods Orders, advanced PMIs next on tap across the pond. Further selling pressure now drags EUR/USD back … [Continue reading]
USD/INR Price News: 82.30 acts as a barricade, focus in on US Durable Goods Orders
Share: USD/INR is oscillating in a 10-pip range as investors await US Durable Goods Orders and preliminary PMI data. Lack of follow-up buying in the S&P500 futures after a confident recovery move has stemmed clouds of uncertainty. The Indian … [Continue reading]
Gold Price Forecast: XAU/USD prods key hurdle as yields and US Dollar stabilize
Share: Gold price struggles to extend two-day rebound as ascending resistance line from August 2022 prods bulls. Fresh concerns about banking crisis, Federal Reserve moves allow United States Treasury bond yields, US Dollar to lick their wounds. US … [Continue reading]
EUR/USD Forecast: Failure at 1.0900 triggers correction
Share: US Dollar resurfaces as optimism fades in Wall Street. Eurozone PMIs on Friday could be critical for ECB hawkish expectations. EUR/USD ends five-day positive streak, retreating a hundred pips from the recent top. The EUR/USD … [Continue reading]
The FOMC will not pivot this year – Rabobank
Share: The FOMC unanimously decided to raise the target range for the federal funds rate by 25 bps to 4.75-5.00% from 4.50-4.75%. Economists at Rabobank remove the June rate hike of 25 bps from their forecasts. However, they still believe that the … [Continue reading]