Share: Litecoin halving is 11 days away, analysts observe renewed enthusiasm among LTC traders. In the past six months, 1,185 new addresses have added more than 100 LTC to their holdings. LTC halving event is likely to catalyze a … [Continue reading]
Compound price rally comes to a halt as COMP holders sell year-old supply for profits
Share: Compound price over the past month and a half posted a 171% rally which came to a stop after the altcoin corrected by 8% this week. In the span of two weeks, over $35 million worth of COMP has been sold by long-term holders. Some of this was … [Continue reading]
FTX token price drops as lawyers call out SBF for another crime
Share: FTX token, FTT extends the downswing as the court finds Sam Bankman-Fried guilty of another crime. Reportedly, the FTX founder has been sponsoring his defense using stolen funds. The allegation has been added to the list of offenses he has … [Continue reading]
Canada: Retail sales data point to sluggishness in consumer spending – CIBC
Share: Retail Sales rose in Canada by 0.2% in May, below the 0.5% increase expected. Analysts at CIBC point out that retail sales seeing little growth in May, and the advance estimate suggests that the sideways trend continued into June, the report … [Continue reading]
GBP/USD Weekly Forecast: Down but not out, awaiting the Fed
Share: GBP/USD corrects from 15-month highs as US Dollar sellers take a breather. All eyes remain on the US Federal Reserve policy announcements in the week ahead. GBP/USD bulls could re-emerge at lower levels while the key 1.2835 support … [Continue reading]
USD: A “healthy” correction, risks are more evenly spread once again – Commerzbank
Share: After the USD weakness had ended towards the end of last week, Thursday brought a notable correction of what had happened in the first half of the month. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes … [Continue reading]
GBP/JPY marches towards 181.00 on upbeat UK Retail Sales, dovish BoJ concerns
Share: GBP/JPY cheers upbeat UK data, chatters about BoJ inaction to snap four-day downtrend. UK Retail Sales improves to -1.0% YoY in June versus -1.5% expected, -2.1% prior. Disappointment from UK GfK sentiment gauge, British by-elections prod … [Continue reading]
EUR/JPY Price Analysis: Advances above the 156.00 area following Japanese CPI
Share: EUR/JPY gains momentum above the 156.00 area following the Japanese CPI data. EUR/JPY holds above the 100- and 200-hour EMAs. The cross will meet the immediate resistance at 156.90; 155.00 is a critical support level. EUR/JPY gains traction … [Continue reading]
AUD/USD Price Analysis: Bears eye a break below key 0.6750
Share: AUD/USD bears are ready to pounce on rallies and eye a break of 0.6750. Bulls need to get above 0.6850 to break the bearish bias. Ahead of next week’s FOMC meeting, US stocks retreated, and this took the Aussie for a ride to the … [Continue reading]
USD/JPY rises back above 140.00 following US data
Share: USD/JPY tallied a fifth consecutive day of gains rising to a high near 140.40. Jobless Claims decelerated in the second week of July and fueled a rise in US yields. Philly’s Fed Survey and Existing Home Sales showed poor results. The USD … [Continue reading]