Uniswap price is down by 25% on the month. On-chain metrics show the largest amount of withdrawals from all exchanges this year occurred on November 13 Invalidation of the bullish thesis remains a breach below $4.60 Uniswap price shows optimistic … [Continue reading]
Here’s how Russia’s bill to legalize crypto mining could influence Bitcoin price
New Russian bill seeks to legalize crypto mining, sales under a new “experimental legal regime.” A bill was introduced into the Russian State Duma on November 17, seeking to legalize mining and the sale of mined cryptocurrency. Anatoly Aksakov, … [Continue reading]
NZDUSD registered weekly gains as traders focused on next week RBNZ’s decision
Federal Reserve officials’ hawkish commentary bolstered the US Dollar, except against the New Zealand Dollar. US Existing Home Sales tanked, flashing an upcoming recession in the United States. Reserve Bank of New Zealand’s upcoming monetary policy … [Continue reading]
Cardano based regulated stablecoin USDA goes live in 2023, here’s what to expect from ADA price
Cardano based stablecoin USDA will go live in 2023, according to an announcement by Emurgo, one of the developers of ADA. The new stablecoin USDA will be backed by fiat assets to merge the benefits of Cardano ecosystem with the stability of the … [Continue reading]
AUDUSD supported around 0.6640s below the 100-DMA, to record minimal weekly losses
The Australian Dollar would finish the week with losses of 0.50%. Existing Home Sales in the United States tanked sharply, though they were ignored as the US Dollar remained strong. AUDUSD Price Analysis: The inverted head-and-shoulders is still in … [Continue reading]
Gold Price Forecast: Another leg of short covering in XAUUSD is expected – TDS
Gold seems poised to end in the red for the first time in three weeks. Strategists at TD Securities expect another leg of short covering in the yellow metal. Next major buying program rests just north of $1,815 “Another leg of short covering in gold … [Continue reading]
EURUSD Forecast: Euro could extend correction toward 1.0250
EURUSD has been fluctuating in a tight range since the beginning of the week. Near-term technical outlook points to a loss of bullish momentum. ECB President Christine Lagarde's comments failed to help the Euro. EURUSD has been struggling to make a … [Continue reading]
USDCAD defends 1.3300 to snap four-week downtrend, even as oil rebounds
USDCAD prints mild losses on a day but stays on the way to first weekly gain in five. US Dollar’s pullback amid sluggish session triggered recovery in oil prices despite looming fears over China’s demand. Hawkish Fedspeak keeps buyers hopeful ahead … [Continue reading]
USDJPY stays firmer past 140.00 despite strong Japan inflation as US Treasury yields bounce off six-week low
USDJPY prints three-day uptrend, braces for the first weekly gain in five. Japan’s National CPI ex-Food rose the fastest since 1982. US 10-year Treasury yields rebound from six-week low on hawkish Fedspeak. Dicey markets, the light calendar can … [Continue reading]
Forex Today: Dollar still on the backfoot despite a tepid mood
What you need to take care of on Friday, November 18: The market mood remained sour, which help the US Dollar to recover some of the ground lost earlier in the week. Nevertheless, the greenback posted uneven and modest advances across the FX board, … [Continue reading]