Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Here’s what Cardano’s biggest sell signal in seven months means for ADA holders
Share: Cardano price tugs the $0.402 resistance level after its 72% rally. Investors should expect a steep correction to $0.321 due to the ongoing bearish divergence. A daily candlestick close that flips the $0.402 hurdle into the support floor … [Continue reading]
EUR/JPY Price Analysis: Downside looks favored on Inverted Flag formation
Share: A downside break of the Inverted Flag pattern will drag EUR/JPY firmly. The 50-and 200-EMAs have delivered a death cross, which adds to the downside filters. High volatility is expected from the cross as investors await German inflation … [Continue reading]
USD/JPY Price Analysis: Bears eye a bearish close for the bear below 131.00
Share: USD/JPY bears are testing structure support that guards yesterday's closing price. Bears will remain in control while below the micro-trendline resistance. USD/JPY is starting to break down the bullish structure and the bears are … [Continue reading]
EUR/USD Price Analysis: Remains under pressure below 1.0780
Share: EUR/USD fails to extend the bounce past the 1.0780 level. The 3-month line near 1.0780 keeps capping the upside. EUR/USD bounces off Tuesday’s lows near 1.0670, although the bullish attempt runs out of steam near 1.0760. As long as the … [Continue reading]
Riksbank Preview: Forecasts from seven major banks, 50 bps, but the peak is not far off
Share: The Riksbank is set to announce its Interest Rate Decision on Thursday, February 9 at 08:30 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of seven major banks for the … [Continue reading]
Japan Eco Watchers Survey: Outlook came in at 49.3, above expectations (46.2) in January
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/JPY traces softer yields to slid beneath 131.00, US President Biden’s SOTU eyed
Share: USD/JPY extends the previous day’s bearish momentum with a slower pace. US Treasury bond yields ease amid mixed news, unimpressive Fed talks and Japan trade numbers. Market sentiment remains sluggish as traders await US President Biden’s … [Continue reading]
United States Consumer Credit Change registered at $11.56B, below expectations ($24B) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Could Aptos price buckle under pressure and crash 55%?
Share: Aptos price is pushing up over 6% intraday near the US opening bell. APT traders are trying to break above the red descending trend line. US Dollar strength is the omen for APT traders as US Fed Chair Powell is set to speak later this … [Continue reading]