Share: USD/CAD picks up bids to reverse the week-start losses but previous support line challenges the bulls. Geopolitical fears, return of full markets weigh on sentiment and underpin US Dollar rebound. Oil price bears the burden of firmer USD and … [Continue reading]
USD/JPY Price Analysis: W-formation’s support structure eyed near 132.80
Share: USD/JPY bears are lurking in territories above a critical structure in the 133.70s. The W-formation could hamstring further bullish advances. USD/JPY has been in the hands of the bulls which leaves a bias to the downside for a move into … [Continue reading]
SNB Vice Chairman: We are still willing to be active on the forex markets
Share: The Swiss National Bank is "still willing" to be active on the foreign currency markets in pursuing its goal of price stability, Vice Chairman Martin Schlegel said on Monday. "If the Swiss franc depreciates we are ready to sell foreign … [Continue reading]
European Monetary Union Consumer Confidence meets forecasts (-19) in February
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/INR: Short-term pullback on a break under 82.30 – SocGen
Share: USD/INR remains below the 83 mark. Economists at Société Générale highlight the key technical levels to watch. Overcoming resistance zone at 82.95/83.30 essential to affirm an extended uptrend “USD/INR has evolved within a large sideways … [Continue reading]
GBP/USD eyes 1.2050 as risk-off impulse cools down further ahead of US/UK PMIs
Share: GBP/USD is marching towards 1.2050 as the risk-off market mood has lost traction. The FOMC minutes will provide detailed guidance on the interest rate policy. Preliminary US/UK PMIs are expected to scale down due to higher interest … [Continue reading]
Japan’s PM Kishid is requesting a meeting of the United Nations Security Council on North Korean missiles
Share: Japan's Prime Minister Fumio Kishida has stated that he is requesting a meeting of the United Nations Security Council on North Korean missiles. This follows the earlier news of It was the first intercontinental ballistic missile … [Continue reading]
Chainlink Price Prediction: LINK poised for a 20% gain
Share: Chainlink price is up 16% on the week. LINK could rally toward $9.46 in the short term. Invalidation of the bullish thesis would come from a breach below 6,052. This week, chainlink price has been one of the top-performing crypto assets, … [Continue reading]
Bitcoin Price Prediction: The trend is your friend
Share: bitcoin price is in consolidation mode after rising 5% on January 17 The bulls could rally towards the $26,500 liquidity zone Invalidation of the bullish thesis is a breach below the crossing indicators at $22,985. Bitcoin price displays … [Continue reading]
Bitocoin Price Prediction: The trend is your friend
Share: bitcoin price is in consolidation mode after rising 5% on January 17 The bulls could rally towards the $26,500 liquidity zone Invalidation of the bullish thesis is a breach below the crossing indicators at $22,985. Bitcoin price displays … [Continue reading]