Share: Chainlink price rally is likely to be catalyzed by CCIP adoption by a Hong Kong based financial services institution. Sixteen firms participated in the phase one trial of the e-Hong Kong dollar CBDC by the Hong Kong Monetary Authority. … [Continue reading]
Ethereum whales scoop up the altcoin, likely to catalyze ETH price rally
Share: Ethereum network’s large wallet investors have been accumulating ETH tokens consistently for six months. ETH price recovery is likely to be catalyzed by declining exchange supply and rising whale accumulation. ETH yielded 3.15% … [Continue reading]
Cardano price suffers decline with rising whale activity, ADA holders remain optimistic
Share: Cardano price declined nearly 2% on the day, as whales engage in likely profit taking. Whale transactions valued at $1 million and higher increased between November 2 and 4. ADA holders remain optimistic on Cardano price … [Continue reading]
RUNE 120% surge could be exhausted as THORChain price faces crucial resistance level
Share: THORChain price is up 120% in a remarkable rally beginning October 20, testing levels last seen in May 2022. However, the uptrend could be exhausted for RUNE as the altcoin is massively overbought. A 20% slump is possibly on the cards. This … [Continue reading]
S&P 500 rallies as markets digest soft US jobs data, Fed rate hike pause
Share: S&P 500 ended the week up by 0.9%, with the Nasdaq and Dow Jones also posting significant gains, reflecting a positive shift in investor sentiment. U.S. labor market data showing a slowdown in job growth fueled speculation that the … [Continue reading]
GBP/JPY pierces 185.00 as Pound Sterling surges
Share: The GBP/JPY is climbing on Friday, tipping into 2-month highs. The Pound Sterling is lurching higher as market risk appetite returns. GBP set for its best weekly performance in five months. The GBP/JPY has pierced the 185.00 handle as the … [Continue reading]
USD/CAD plummets below 1.3700 after US/Canada Employment data
Share: USD/CAD falls vertically below 1.3700 after the release of the US/Canada labor market data. US/Canada job growth slowed in October more than expected. Slower job growth may allow Fed policymakers to advocate for concluding the … [Continue reading]
GBP/USD: Move above 1.2250 to open up 1.2335 – ING
Share: The Bank of England (BoE) pushed back on talk of rate cuts. Economists at ING analyze GBP outlook after the BoE’s meeting. Forward guidance returns. Is the market listening? What was a surprise was the re-introduction of forward guidance – … [Continue reading]
EUR/USD Price Analysis: Remains below 50-day SMA, bearish flag pattern in play ahead of NFP
Share: EUR/USD oscillates in a narrow trading band on Friday as investors keenly await the US NFP report. The formation of a bearish flag pattern warrants caution before positioning for any further upside. Weakness below the 1.0600 mark could … [Continue reading]
Breaking: FTX founder Sam Bankman-Fried found guilty on all counts, including stealing $8 billion from users
Share: Sam Bankman-Fried, the founder and disgraced CEO of the bankrupt cryptocurrency exchange FTX, has been found guilty on all seven counts. As reported by Reuters, a 12-member jury convicted the former billionaire following a month-long trial. … [Continue reading]