EUR/USD ticks higher as traders brace for volatility ahead of French no-confidence vote
EUR/USD edges higher, holding support at 1.0500 during European trading hours on Wednesday, as investors focus on political turbulence in France. The no-confidence motion against Prime Minister Michel Barnier has heightened uncertainty in the Eurozone’s second-largest economy, potentially pressuring the Euro (EUR). Meanwhile, economic data from the United States could steer market sentiment. The November […]
Ethereum Price Forecast: Whales could push ETH to test its all-time high resistance of $4,868
Ethereum (ETH) is regaining momentum as significant market players, known as whales, exhibit increased buying activity. Analysts suggest this surge in accumulation could drive Ethereum closer to testing its all-time high resistance of $4,868, last achieved in November 2021. This renewed interest reflects broader optimism in the crypto market, spurred by easing regulatory concerns and […]
Forex Today: US Dollar stabilizes as focus shifts to key data releases, central bank speak
The US Dollar held firm on Tuesday, recovering slightly after recent losses as investors turned their attention to critical economic data and central bank commentary. With global market sentiment wavering, traders are bracing for upcoming US service sector data and labor market reports, which could influence the Federal Reserve’s monetary policy outlook. The Euro and […]
USD/CHF price forecast: Remains constructive above 0.8850, eyes on Powell speech
The USD/CHF pair traded steady near 0.8860 during early European hours on Wednesday as traders positioned cautiously ahead of major US events. Market attention is focused on Federal Reserve Chair Jerome Powell’s speech later today, while Friday’s Nonfarm Payrolls (NFP) and unemployment data are expected to provide additional direction. The pair retains a bullish outlook, […]
GBP/USD bearish bias holds below 1.2700 as dollar strength limits upside
The GBP/USD pair climbed to near 1.2690 in Wednesday’s early European session, trading in positive territory for the second consecutive day. However, the pair’s potential upside appears constrained, with the US Dollar (USD) remaining resilient due to expectations of a less aggressive rate cut by the Federal Reserve and concerns over President-elect Donald Trump’s tariff […]
Bitcoin whales employ ‘wait-and-see strategy’ as price hovers at $96K
Bitcoin whales, the key drivers of the cryptocurrency market, are adopting a cautious stance as the asset’s price consolidates around $96,000. On-chain data reveals a noticeable reduction in large-scale transactions, signaling a “wait-and-see strategy” amid an uncertain market outlook. The market’s pause comes after weeks of volatility fueled by macroeconomic concerns and regulatory developments. Despite […]
AUD/JPY price forecast: recovers after intraday slump to sub-96.00 levels, bearish bias remains
The AUD/JPY currency pair saw a brief recovery after falling below the 96.00 level earlier today, but the overall outlook remains bearish. The Australian Dollar’s retreat against the Japanese Yen has been fueled by ongoing concerns surrounding global growth and the relative strength of the Japanese Yen, which continues to benefit from its safe-haven appeal […]
Australian dollar pares heavy intraday losses; AUD/USD rebounds from 0.6400 neighborhood
The Australian dollar (AUD) pared significant intraday losses today, recovering sharply after dipping near the 0.6400 level against the US dollar. The rebound saw the AUD/USD pair climb back above 0.6450, as traders adjusted positions amidst shifting market sentiment. The initial dip in the AUD followed a bout of US dollar strength, driven by rising […]
Gold price edges higher in familiar range; upside seems limited ahead of Fed’s Powell
Gold prices edged slightly higher, maintaining a narrow trading range as markets await Federal Reserve Chair Jerome Powell’s comments later this week. Spot gold traded near $2,035 per ounce early Monday, supported by a softer U.S. dollar and subdued Treasury yields, while investors remain cautious about the Fed’s policy outlook. The yellow metal’s movement comes […]
Japanese yen weakens as traders brace for Fed’s Powell speech
The Japanese yen weakened on Tuesday as traders braced for key remarks from Federal Reserve Chairman Jerome Powell later this week. The currency fell to a seven-month low against the U.S. dollar, trading at ¥149.00, driven by expectations that Powell’s speech could signal further tightening measures from the central bank. This comes as U.S. Treasury […]