Share: Cardano price filmy dipped in the red after the second attack from Russia started on Friday. ADA traders will need to do a lot of reading as plenty of Fed comments have hit the wire this week. Expect a continuing decline as the tail risks … [Continue reading]
COIN price declines by 15% as Coinbase declares “staking is not security”
Share: Coinbase Chief Legal Officer Paul Grewal decried regulation by enforcement, calling staking "a safe and critical aspect of blockchain". Grewal stated that staking does not fall under the category of security either by the rules of the US … [Continue reading]
TRX Price Prediction: TRON is expected to fall lower, but the uptrend looks healthy
Share: TRX price declined by 3% on January 9. A 10% decline targeting $0.055 is likely to occur. The downtrend thesis would be invalidated from a breach above $0.071. TRX price saw a 46% rally throughout the winter but has recently declined by 3% … [Continue reading]
Hedera Hashgraph Price Prediction: HBAR rises while all other Cryptos decline
Share: Hedera Hashgraph price rose by 9% on January 9th. HBAR is poised to rally toward the $0.10 liquidity zone. Invalidation of the bullish thesis lies beneath the $0.076 level of support. Hedera Hashgraph price has been deemed this … [Continue reading]
AUD/USD reverses its course, edges towards 0.6910s
Share: AUD/USD finished the week above 0.6900, up 0.04%. Consumer Sentiment in the United States improved while inflation expectations rose. AUD/USD traders are eyeing RBA’s Governor speech alongside the Aussie employment situation. Next week’s US … [Continue reading]
USD/CHF Price Analysis: Reclaims the 20-DMA, as bull’s eye the 50-DMA around 0.9300
Share: USD/CHF jumped from weekly lows after forming a hammer at around the 0.9200 area. Near-term, the USD/CHF is upward biased and might test the 0.9300 figure. The USD/CHF forged a base and climbed back to the 0.9200 area on Friday, following … [Continue reading]
GBP/USD to see further dips below 1.20 in the coming months– Rabobank
Share: GBP/USD briefly dropped below the 1.20 level earlier this week. Economists at Rabobank expect the pair to see further dips below 1.20 in the coming months. EUR/GBP seen at 0.90 around the middle of the year “We expect to see further … [Continue reading]
NZD may lag, saddled by the fallout of high rates in the housing sector – ING
Share: Economists at ING think there are more downside risks to NZD compared to AUD over the course of 2023. NZD less attractive than AUD “An ultra-hawkish Reserve Bank of New Zealand is good from a carry perspective, but has already generated … [Continue reading]
Gold Futures: Extra losses appear not favoured
Share: CME Group’s flash data for gold futures markets noted traders reduced their open interest positions for yet another session on Thursday, this time by nearly 3K contracts. On the other hand, volume kept the choppiness intact and increased by … [Continue reading]
USD/CNH fails to test 6.8000 on lower-than-projected China inflation report
Share: USD/CNH has sensed selling pressure and dropped from around 6.8000 as China’s monthly CPI shows deflation. Deflation in China’s monthly CPI and PPI might compel authorities to keep the policy expansionary. The USD Index is aiming to reclaim … [Continue reading]