Share: Bitcoin price is bearish, preparing for the next move below the channel's lower boundary at $21,746. Ethereum price repels a key confluence level at $1,508, but overhead pressure may overpower the bulls. Ripple price breaks above a … [Continue reading]
GBP/USD attempts to surpass 1.1850, downside looks favored as focus shifts to US NFP
Share: GBP/USD is struggling to cross the immediate resistance of 1.1850 as the dismal market mood is solidifying further. An increase in US taxes will deliver an expression of contracting fiscal policy that might contribute to restricting … [Continue reading]
GBP/JPY approaches 163.00 as street anticipates a dovish stance in BoJ Kuroda’s last policy
Share: GBP/JPY is marching towards 163.00 on expectations of a dovish BoJ policy. According to a Reuters poll, the BoJ will tweak its YCC in April-June. It is expected that UK’s Manufacturing sector has contracted in January. The GBP/JPY pair has … [Continue reading]
Argentina Industrial Output n.s.a (YoY) increased to 6.3% in January from previous -2.7%
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]
Vechain price could trigger a vicious 30% nosedive below this critical level
Share: Vechain price tanks 4% intraday on Wednesday as altcoins take a turn for the worse. VET bulls are betting on crucial support to come in and halt the bear push. Should price action break below, a 27% bear market could be activated. Vechain … [Continue reading]
Malaysia: BNM expected to keep rates unchanged – UOB
Share: Economist at UOB Group Lee Sue Ann suggests the Bank Negara Malaysia (BNM) could pause its tightening cycle at this week’s event. Key Quotes “Given a moderation in global commodity prices and softer domestic growth momentum amid lingering … [Continue reading]
Netherlands, The Consumer Spending Volume down to 6.2% in January from previous 9.9%
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]
GBP/USD steadies above 1.1800 at 3.5-month low amid Brexit, Fed chatters
Share: GBP/USD seesaws around multi-day low after falling the most in 11 weeks. Fed Chairman Jerome Powell’s hawkish Testimony, Brexit woes join BoE rate hike concerns to entertain Cable bears. The deepest US Treasury bond yield curve inversion in … [Continue reading]
AUD/USD Forecast: Aussie remains under pressure, not much support until 0.6535
Share: AUD/USD Current Price: 0.6584 AUD/USD receives two punches, one from the RBA and the other from Fed’s Powell. RBA raises rates again, says inflation has likely peaked; Governor Lowe to speak on Wednesday. US Dollar jumps as … [Continue reading]
Fed Chair Jerome Powell says interest rates may go higher, Bitcoin slips below $22,000
Share: Federal Reserve Chair Jerome Powell stated that the interest rates would be higher than anticipated. Powell also stated that, at the moment, there is little evidence of disinflation in core services. Crypto market immediate reaction to … [Continue reading]