Share: WTI crude oil clings to mild gains while paring the biggest daily loss in a month. China data adds strength to the corrective bounce in Oil price. Bearish MACD signals, 50-SMA challenges buyers but further downside needs validation from … [Continue reading]
EUR/USD sees more downside to near 1.0900 as ECB to slow down policy-tightening pace
Share: EUR/USD is expected to witness more downside to near 1.0900 as the Fed to remain hawkish in May. Eurozone is prone to a credit crunch after the collapse of several US regional banks and takeover of Credit Suisse. The ECB is highly … [Continue reading]
USD/JPY Price Analysis: Gains momentum on rising US Treasury bond yields
Share: USD/JPY reached fresh five-week highs at 134.57, with bulls eyeing 135.00. Oscillators at bullish areas favor further upside in the USD/JPY. Downside risks lie below 134.00, which could drive the USD/JPY towards 133.00. The USD/JPY moved … [Continue reading]
Singapore: MAS ends its hiking cycle – UOB
Share: UOB Group’s Senior Economist Alvin Liew and Senior FX Strategist Peter Chia review the latest MAS decision on its monetary policy conditions. Key Takeaways “MAS Apr 2023 MPS – The Monetary Authority of Singapore (MAS), in its scheduled … [Continue reading]
US: Drivers for the week ahead – BBH
Share: Analysts at BBH offer a sneak peek at what will be the key drivers and market-moving events from the US that will be closely eyed in the week ahead. Drivers as in events that influence financial markets, not as in scannable drivers … [Continue reading]
Gold Price Forecast: XAU/USD hesitates below $2,010 despite USD retreat, hawkish Fed concerns linger
Share: Gold price remains indecisive after luring bears the previous day. US Dollar tracks Treasury bond yields amid mixed concerns about recession, US debt ceiling talks. China-linked headlines, light calendar adds strength to the XAU/USD … [Continue reading]
US inflation expectations join the forces to support US Dollar Index rebound
Share: US inflation expectations, as per the 10-year and 5-year breakeven inflation rates from the St. Louis Federal Reserve (FRED) data, justify the market’s latest reassessment of the Federal Reserve (Fed) concerns by grinding higher in the last … [Continue reading]
Ethereum holders lose risk appetite, here’s what it means for ETH price
Share: Ethereum holders’ risk appetite is declining alongside a shift in behavior of large wallet investors. Analysts identified divergences in the crypto market that have resulted in a temporary pause in the altcoin’s growth. Ethereum … [Continue reading]
Bitcoin price likely to witness an explosive move to $50,000 on this condition
Share: Bitcoin veteran trader who predicted the 2023 crypto bull run predicted a massive BTC price rally to $50,000 on one condition. Bitcoin miners are still under pressure with rising hashrate, raising concerns of rising selling pressure on … [Continue reading]
Here’s what dYdX whales know about the token’s bullish potential
Share: dYdX whales holding between 100,000 to 1 million tokens have consistently accumulated the token since March. The accumulation of dYdX by whales has reduced the reserves of the token across exchanges, resulting in a decline in selling … [Continue reading]