EUR/USD Price Forecast: A tough barrier remains around 1.0600
The EUR/USD pair remains constrained below the critical 1.0600 resistance level, as traders digest a mix of economic data and market sentiment. Despite intermittent attempts to breach this barrier, the pair has faced persistent selling pressure, keeping gains limited. This key zone has acted as a psychological and technical hurdle, reflecting hesitation among investors amid […]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH, XRP rallies
Bitcoin (BTC) continued to trade sideways, consolidating near the $44,000 mark as market participants weighed its next directional move amid muted volatility. Despite BTC’s sluggish performance, Ethereum and Ripple emerged as the week’s standout performers, both rallying significantly as altcoin market optimism returned. Ethereum climbed over 8% in the last 24 hours, surging past $3,200 […]
EUR/USD weekly forecast: EU encouraging inflation not enough to save the EUR
The euro continued to face pressure against the U.S. dollar this week, with the EUR/USD pair slipping below the 1.05 mark, as the European Central Bank’s efforts to tackle persistently low inflation failed to boost investor confidence. Despite signs of encouraging inflation data, market sentiment remained tilted toward the dollar, driven by the Federal Reserve’s […]
Elliott Wave: Can Bitcoin break above 100k, despite bullish USD?
Bitcoin is approaching a critical juncture as investors speculate whether the cryptocurrency can surpass the $100,000 mark despite a bullish US dollar. The flagship digital asset has shown resilience, bouncing back from market downturns, yet faces mounting pressure from macroeconomic factors, including a strengthening dollar and higher bond yields. Analysts point to Elliott Wave theory, […]
Bajaj Auto Indian stocks Elliott Wave technical analysis
Bajaj Auto has recently drawn attention in the Indian stock market, with analysts observing potential signals aligned with Elliott Wave theory, a popular method in technical analysis. The stock has displayed a consistent uptrend, hinting at a possible wave formation that could indicate continued bullish momentum. Technical analysts suggest Bajaj Auto may currently be in […]
EUR/USD tumbles below 1.0550 as traders await ECB’s Lagarde speech, US PMI data
The EUR/USD currency pair extended its decline, falling below the 1.0550 level as markets braced for critical economic cues. Traders anticipate European Central Bank President Christine Lagarde’s speech, expected to provide insights into the ECB’s monetary policy stance amid economic challenges. Meanwhile, upcoming US PMI data could offer a fresh perspective on economic activity stateside, […]
China’s Caixin Manufacturing PMI jumps to 51.5 in November vs. 50.5 expected
China’s manufacturing sector showed unexpected resilience in November, as the Caixin Manufacturing PMI climbed to 51.5, exceeding forecasts of 50.5. This marks a significant improvement from October’s reading of 49.9, signaling a return to expansion and boosting optimism for the world’s second-largest economy. The stronger-than-expected data reflect recovering demand and enhanced production output, suggesting stabilization […]
US Bitcoin, Ether ETFs Log Record Inflows on Trump’s Embrace of Crypto
Exchange-traded funds (ETFs) linked to Bitcoin and Ether have seen a surge in inflows following former President Donald Trump’s unexpected embrace of cryptocurrencies. The record-breaking capital influx marks a turning point for digital assets, reinforcing optimism about broader adoption in the financial landscape. Analysts attribute the increase to Trump’s recent remarks, which highlighted the potential […]
Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire
Oil prices rose slightly on signs of economic strength in China, the world’s largest oil importer, but gains were tempered by uncertainty surrounding the fragile ceasefire between Israel and Lebanon. Optimism emerged as recent data revealed stronger-than-expected Chinese factory activity, fueling hopes of sustained energy demand despite global economic concerns. The geopolitical tension in the […]
GBP/USD retreats from multi-week top, slides below 1.2700 on stronger USD
The GBP/USD pair reversed its upward trajectory on Friday, retreating from a multi-week high as the US Dollar strengthened. The pair slid below the critical 1.2700 level during the European session, weighed down by robust US economic data and rising Treasury yields, which bolstered the greenback’s appeal. Market sentiment shifted as investors digested recent data […]