GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550
The GBP/USD pair is attempting to break past the nine-day exponential moving average (EMA) near 1.2550, drawing traders’ attention as it hovers around the upper boundary of its descending channel. This critical zone marks a potential inflection point for the pair, which has struggled to sustain upward momentum in recent sessions. Market participants are closely […]
EUR/USD Price Analysis: Immediate resistance appears at nine-day EMA above 1.0400
The EUR/USD pair has struggled to maintain momentum above the 1.0400 mark, encountering resistance near the nine-day exponential moving average (EMA). After a brief recovery attempt, the currency pair’s upward movement remains capped, reflecting broader market hesitancy amid economic uncertainty. Persistent concerns over Eurozone economic growth and a resilient US dollar have added to the […]
Ethereum Price Forecast: ETH could see new all-time high in 2025 as blobs top burn leaderboard
Ethereum’s price trajectory is showing promise, with analysts predicting a potential all-time high in 2025. Central to this optimism is the network’s increasing efficiency, driven by advancements like blobs, which have significantly impacted ETH’s burn leaderboard. Blobs, a pivotal upgrade improving data handling, have emerged as a key factor in reducing supply by burning ETH, […]
USD/JPY continues to fall toward 156.00 as traders expect BoJ to raise rates in January
The USD/JPY pair extended its decline, inching closer to the 156.00 level as speculation intensifies that the Bank of Japan (BoJ) will raise interest rates in early 2025. This sentiment reflects mounting expectations for a shift in monetary policy after years of ultra-low rates. Market participants are increasingly pricing in a possible rate adjustment in […]
Major market cycles aligning with key price targets
As January approaches, financial analysts are closely monitoring the convergence of long-term market cycles with critical price targets, signaling potential shifts in economic conditions. Since the 2009 conclusion of the global financial crisis, the bull market has persisted, with only brief interruptions, such as the early 2020 downturn. Notably, many investors under 35 have yet […]
Bitcoin rally fizzles as token’s record-breaking year winds down
Bitcoin’s remarkable 2024 rally appears to be faltering as December outflows from US Bitcoin ETFs signal investor caution. After a year marked by soaring prices and heightened institutional interest, the cryptocurrency is facing one of its largest ETF selloffs of the year, with daily net flows turning negative by over $500 million in early December. […]
Inflation in Japan’s capital accelerates, keeps rate hike prospects intact
Tokyo’s core consumer inflation accelerated in December, underscoring the ongoing pressure on household budgets and keeping the Bank of Japan’s policy normalization prospects alive. Core consumer prices in the capital, a key indicator of nationwide trends, rose 2.7% year-on-year, marking a sharp uptick from November’s 2.5% gain. This increase exceeded market forecasts, pointing to persistent […]
AI, Trump are keys for Korea stock picks amid political upheaval
South Korea’s stock market is grappling with heightened volatility, as global economic uncertainties converge with domestic political upheaval. Analysts are closely monitoring the impact of artificial intelligence (AI) investments and geopolitical developments tied to former U.S. President Donald Trump’s legal battles, which could shift investor sentiment. Amid these complexities, AI-related stocks and companies with solid […]
Bitcoin ETF outflows hit $1.5B as price retreats
Bitcoin-focused exchange-traded funds (ETFs) are experiencing significant outflows, with $1.5 billion withdrawn in December, as Bitcoin’s price continues to hover below $27,000. The sustained sell-off reflects investor uncertainty over the cryptocurrency’s future, fueled by regulatory concerns and diminishing optimism about potential U.S. approval for spot Bitcoin ETFs. This marks the second consecutive month of outflows, […]
Nio’s mass market push draws scorn as EV maker promises a profit
Nio, the Chinese electric vehicle (EV) startup, is ramping up its efforts to capture the mass market as it struggles to stem persistent losses. Despite a steady climb in vehicle deliveries, the company reported another dismal quarter, with losses surpassing expectations. Nio’s move to diversify its lineup, which includes a focus on affordability, is part […]