The Australian Dollar finished Friday’s session with gains of over 0.22% and the week up by more than 1.20%, with the pair reclaiming the 0.7000 figure and poised to test a confluence of key resistance levels within the 0.7000-0.7100 range. At the … [Continue reading]
Akedo jumps 25% as Pepe, Pearl lead this week’s crypto gainers
Akedo (AKE), Pepe (PEPE) and Pearl (PEARL) lead the crypto market this week, rising 25%, 21% and 12%, respectively. The gains come as Bitcoin (BTC), Ethereum (ETH), and XRP head into the weekend under pressure from macro developments.Best-performing … [Continue reading]
Mexican Peso recovers but faces weekly loss on Iran risk
The Mexican Peso (MXN) appreciates about 0.30% on Friday against the US Dollar (USD), but it remains poised to end the week with losses of more than 1% even as risk appetite soured amid a potential escalation of the Middle East conflict. The USD/MXN … [Continue reading]
South Korean Won: Recovery favoured on dips – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong describe South Korean Won's (KRW) initial strength and subsequent retracement as broader risk aversion resurfaced. The Bank of Korea’s decision to hold rates at 3% while retaining a tightening bias … [Continue reading]
Philippine Peso: Bearish but constrained by Oil – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflation concerns. Higher rates may … [Continue reading]
EUR/USD Weekly Forecast: Next bounce could be a trap
The single currency alternated gains and losses against the US Dollar (USD) this week, prompting EUR/USD to stabilise around the 1.1200 neighbourhood on Friday, while remaining unable to sustain its earlier bull run toward the 1.1260 zone. On the … [Continue reading]
Silver Price Forecast: Fresh yearly low puts $50 in bears’ sight
Silver (XAG/USD) price downtrend extended on Friday, losing over 1% after hitting a new yearly low of $53.03, paving the way for sellers to challenge the $50.00 level in the foreseeable future. At the time of writing, XAG/USD trades near … [Continue reading]
Gold falls below $4,000 as Oil surge deepens weekly rout ahead of Fed
Gold (XAU/USD) price prolongs its agony, tumbling by nearly 0.60% on Friday and poised to finish the week with losses as higher energy prices increase the chances that major central banks could tighten monetary policy to control inflation. At the … [Continue reading]
Bitcoin vs Gold: BTC ticks up near $82K, XAU tests $4,000 as US S&P Services PMI eases
Cryptocurrency prices are broadly rising on Friday, led by Bitcoin (BTC) as it approaches the immediate resistance at $82,000. The path of least resistance appears upward, supported by solid structural support levels.A daily close above $82,000 would … [Continue reading]
Bitcoin Weekly Forecast: BTC extends pullback as ETF inflows clash with risk-off sentiment
Bitcoin (BTC) remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds (ETFs) recording $442.67 … [Continue reading]