Share: Here is what you need to know on Monday, May 1: Financial markets stay relatively quiet to start the new week after month-end flows ramped up volatility ahead of the weekend. Nevertheless, the US Dollar manages to stay resilient against its … [Continue reading]
S&P500 Futures, yields remain pressured as traders await First Republic updates
Share: Market sentiment remains fragile the key week comprising multiple top-tier data/events begins with holidays at many bourses. S&P 500 Futures grind near two-week high after Wall Street’s upbeat close, mildly offered of late. US Treasury … [Continue reading]
Sources: PNC, JPM putting in final bids for First Republic in FDIC auction
Share: Reuters quotes anonymous sources familiar with the matter while saying, “PNC Financial Services Group and JPMorgan Chase & Co were among banks set to submit final bids for First Republic Bank by midday Sunday in an auction being run by US … [Continue reading]
Where the Ethereum price will close on Sunday night will be vital to avoid a 25% price correction in ETH
Share: Ethereum price is eking out small gains near closing out this week. ETH needs to keep its price action above $1,930. If by Sunday night, ETH closes below $1,930, expect to see a selloff in May that could bring Ethereum price to … [Continue reading]
Dogecoin price rejection means trouble for next week where DOGE could tank 30%
Share: Dogecoin price tries to hold its slim gains over the weekend. DOGE, though, has broken below substantial support, which now has turned into resistance. Expect DOGE to see a violent decline for May, bearing nearly 30%. Dogecoin (DOGE) price … [Continue reading]
Unbearable selling pressure could see Binance Coin tank between 10% and 20% next week
Share: Binance Coin's price to close this week is in the red, making it the second week in a row with a loss. BNB sees consolidation unfolding with a lower high and higher low. Expect to see a slide between 10% and 20% once support breaks down next … [Continue reading]
China NBS Manufacturing PMI came in at 49.2 below forecasts (51.4) in April
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]
Do not be fooled by Bitcoin price as the weekly chart shows signs of descent with still 25% to go
Share: Bitcoin price to close out the week in the green. BTC however saw bulls unable to hold $30,000 and is fading further into the weekend. With a declining pattern on the chart, next week will be vital as a sharp drop of 25% could be in the … [Continue reading]
Solana price to add 25% value as bulls are buying every dip in sight
Share: Solana price paints a bullish picture after this week’s performance. SOL rallies 25% as bulls are overshadowing bears in the price action. Expect to see a test and possible break higher in May above $27. Solana (SOL) price is bound to head … [Continue reading]
Shiba Inu price likely to trap investors with false breakouts, 20% plummet on the horizon
Share: Shiba Inu price is torn up between bears and bulls. SHIB triggered a false break lower and a false break higher with nearly a firm topside rejection. Expect to see another leg lower once bulls start to vacate the premises, as SHIB is not … [Continue reading]