Share: Ripple price is in an accumulation zone for long-term investors. XRP buyers could be in for a treat if the inverse head-and-shoulders pattern plays out. A successful completion and breakout from the said technical formation could … [Continue reading]
Cardano price needs to close above $0.26 to confirm resistance is broken
Share: Cardano price continues to lag, trading sideways and living below $0.26 for almost two weeks as altcoins move north. Although momentum is rising, ADA downside potential remains high with a 5% slump in sight toward the floor price of $0.2397. … [Continue reading]
United States CFTC Gold NC Net Positions: $112.7K vs $71.4K
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]
US Dollar DXY declines below the 20-day SMA, closes the week with losses
Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar … [Continue reading]
USD Index: Losses below 105.50 would suggest a bit more softness ahead – Scotiabank
Share: US Dollar trades mixed to lower on the day as US yields slip. Economists at Scotiabank analyze Greenback’s outlook. Weaker tone in the USD since the late September peak On the charts, the soft close for the US Dollar Index (DXY) on … [Continue reading]
Sterling is likely to remain beleaguered – Commerzbank
Share: Sterling came under depreciation pressure this week. Economists at Commerzbank analyze GBP outlook. The environment will remain tricky for Sterling Of course, things can change and inflation could fall more quickly over the coming … [Continue reading]
Indian Rupee gains momentum against US Dollar, ongoing Middle East conflict, higher oil prices eyed
Share: Indian Rupee gains ground amid global uncertainty and risk-off mood. The escalating geopolitical tension between Israel-Hamas, higher crude oil prices might cap the upside of the Indian Rupee. The Reserve Bank of India's October bulletin … [Continue reading]
AUD/JPY Price Analysis: dropping from 94.80 with further downside on the books
Share: The AUD/JPY wobbled on Thursday, dipping from the open before staging a relief rally into 95.15. The Aussie is falling back once more, settling Thursday's trading session close to where it started. A bearish lean is baked into the candles … [Continue reading]
USD/JPY retreats from weekly high as Fed Chair Powell adopts a neutral tone
Share: USD/JPY hits a new weekly high of 149.96 before retreating 0.13% to trade at 149.75. Fed Chair Jerome Powell's dovish remarks led to a decrease in expectations for additional tightening by the Fed. Chances for a rate hike in January 2024 … [Continue reading]
USD/JPY: Yen bulls will need additional patience in the months ahead – CIBC
Share: Intervention risks notwithstanding, JPY bulls will need additional patience in the months ahead, economists at CIBC Capital Markets report. The 31 October BoJ meeting remains far too soon for a shift The 31 October BoJ meeting remains far … [Continue reading]