Dogecoin and Shiba Inu hold key support levels, signaling potential for short-term recovery.
On-chain metrics point to bullish momentum, with positive funding rates and increased dormant activity.
Technical...
Dogecoin and Shiba Inu hold key support levels, signaling potential for short-term recovery.
On-chain metrics point to bullish momentum, with positive funding rates and increased dormant activity.
Technical indicators suggest potential double-digit upside for both meme coins if support holds.
Dogecoin (DOGE) and Shiba Inu (SHIB) are starting to show early signs of recovery as prices consolidate above critical support zones. A mix of favorable on-chain data and technical strength is boosting the case for a potential upward breakout, with both assets possibly set for notable gains if momentum...
The Bank of England may be inching closer to its first rate cut since the tightening cycle began, as economists forecast a further slowdown in UK inflation for March. The latest CPI report, due this week,...
The Australian dollar held steady on Tuesday, maintaining its footing near recent highs as investors welcomed stronger-than-expected economic growth figures out of China. The upbeat data helped shore up...
The Australian dollar struggled to gain traction against the yen on Tuesday, with AUD/JPY lingering below the mid-90.00s range despite stronger-than-expected economic data out of China. The pair’s...
The Japanese yen traded near its strongest levels in months on Tuesday, buoyed by a broad decline in the U.S. dollar as investors reassessed the interest rate outlook in the wake of softer U.S. economic...
The New Zealand dollar surged to a fresh 2025 high against the greenback on Tuesday, with NZD/USD rising toward the 0.5930 level, buoyed by broad-based U.S. dollar weakness and growing market appetite...
Gold prices remained elevated above the $3,200 mark on Monday, as renewed friction between the United States and China sparked safe-haven demand and added fresh uncertainty to global markets. Investors...
A senior official at the Bank of Japan signaled a cautious stance on Monday, stating the central bank will continue to closely monitor market developments and assess their impact on the domestic economy....
The British pound climbed to its highest level since October, with GBP/USD breaking above the 1.3200 mark in Monday trading, as investors positioned ahead of key UK labor market data due later this week....
The euro slipped against the U.S. dollar on Monday, as investors turned cautious ahead of this week’s European Central Bank policy meeting. The pause in momentum comes after a modest rally in EUR/USD last...
The Australian dollar remained under pressure against the New Zealand dollar on Monday, as the pair struggled to regain traction amid persistent technical weakness and diverging monetary outlooks between...
The New Zealand dollar (NZD) is gaining ground against the U.S. dollar (USD), breaking the 0.5800 mark, as the country officially exits its recession. New Zealand’s economy showed signs of recovery...
The EUR/USD currency pair has remained steady following the Federal Reserve’s decision to hold rates steady, as market participants digest the central bank’s cautious stance. The Fed’s move to pause its...
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1697, a small decrease from the previous day’s rate of 7.1733, signaling a continued effort to maintain stability in the...
The US dollar remains under pressure, with the Dollar Index (DXY) hovering around 103.50 as market sentiment leans bearish. Weak economic data and shifting Federal Reserve expectations have weighed on...
The Japanese yen continues to lose ground, with the USD/JPY pair approaching the key 150.00 level, as persistent selling pressure keeps the currency under pressure. A combination of dovish Bank of Japan...
European Central Bank (ECB) policymaker François Villeroy de Galhau is advocating for a greater international role for the euro, emphasizing the need to reduce reliance on the U.S. dollar in global trade...
The euro remains under pressure against the dollar, holding below the 1.0900 mark as investors await key U.S. retail sales data. Market sentiment remains cautious, with traders looking for signs of consumer...
The British pound is consolidating against the U.S. dollar, trading just below the mid-1.2900s as market sentiment remains cautious. While the pair has struggled to break higher, downside risks appear...
The Australian dollar (AUD/USD) remains stable, but downside risks are emerging as concerns over economic growth and global market conditions weigh on sentiment. Despite maintaining a steady position,...
The New Zealand dollar (NZD/USD) extended its gains above 0.5700, benefiting from renewed pressure on the U.S. dollar as concerns over economic growth weighed on investor sentiment. The shift comes amid...
Ripple’s XRP has captured market attention following a 40% surge in open interest, sparking speculation of a new all-time high for the cryptocurrency. The spike reflects heightened trading activity...
Bitcoin’s price hovers near a crucial resistance level, sparking speculation over its next major move. Currently consolidating around the $30,000 mark, the cryptocurrency faces a pivotal moment that...
Markets saw a whirlwind of speculation and volatility as cryptic social media posts from industry insiders stirred investor sentiment. The posts, ranging from vague predictions to ambiguous charts, led...
The People’s Bank of China (PBOC) has reaffirmed its commitment to bolstering economic recovery by rolling out additional stimulus measures aimed at boosting consumption. In its latest statement,...
The meme coin market delivered an unprecedented surge in 2024, with its market cap climbing by 500%, signaling renewed investor interest in speculative digital assets. Key players like Dogecoin and Shiba...
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...
Floki DAO is making strides toward the European market by proposing liquidity provisioning for a Floki Exchange Traded Product (ETP). The move is part of an ongoing effort to strengthen the presence of...
Israel is set to debut six Bitcoin mutual funds next week, signaling growing institutional interest in cryptocurrency investments. These funds, approved by the Israeli Securities Authority, aim to provide...
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...
Cryptocurrencies are experiencing a notable rally, with Bitcoin and Ethereum leading gains as market sentiment shifts positively ahead of year-end. Bitcoin climbed past $28,000, up nearly 4% in 24 hours,...
Asian markets extended their losses as Japan’s Nikkei 225 dropped sharply, reflecting a broader sell-off driven by continued weakness in the AI sector. The Nikkei fell 1.8%, erasing earlier gains,...
Oil prices extended their decline as markets reacted to escalating trade tensions following renewed tariff threats from former U.S. President Donald Trump. The prospect of heightened tariffs raised concerns...
Japan’s tech sector faced renewed pressure as DeepSeek, a major player in AI technology, issued a profit warning citing weakening demand in the artificial intelligence market. The warning sent ripples...
Asian stocks opened higher despite lingering uncertainties around trade tariffs. Investors balanced optimism from regional gains with caution as the potential for further tariff announcements looms. Key...
Oil prices dipped as former President Donald Trump reiterated demands for the Organization of the Petroleum Exporting Countries (OPEC) to reduce energy costs. The remarks, delivered during a recent public...
The Bank of Japan (BOJ) is reportedly preparing to raise interest rates to levels not seen since 2008, signaling a major shift in its longstanding ultra-loose monetary policy. The anticipated hike comes...
West Texas Intermediate (WTI) crude prices dropped to nearly $74 per barrel as former President Donald Trump ramped up pressure on OPEC to reduce oil costs. The decline reflects growing concerns over the...
Oil prices extended their losses for a sixth consecutive session, pressured by growing U.S. crude stockpiles and heightened uncertainty over geopolitical developments. Data from the Energy Information...
Oil prices continued their downward trend as concerns mounted over the potential impact of U.S. tariffs on global economic growth. Brent crude fell 1.2% to $83.67 per barrel, while West Texas Intermediate...
WTI crude oil prices extended their losses, trading near $75.00 as market sentiment remained cautious. The dip reflects ongoing uncertainties in global demand and supply dynamics, with investors bracing...
Analysis
Market Sentiment and Strategy: EUR/USD, USD/CAD, Dow Jones
In trading, the allure of following prevailing trends—buying in bullish and selling in bearish phases—is strong. However, seasoned traders often find that unconventional strategies, like contrarian trading, which opposes dominant market sentiments, can unlock significant opportunities. This approach...
Euro FX Analysis: EUR/USD, EUR/CHF, EUR/GBP, EUR/JPY & Weekly Levels
Market Outlook and Sentiment Analysis
In the dynamic realm of currency trading, adopting contrarian strategies can unveil hidden possibilities by deviating from conventional thinking.
IG client sentiment provides valuable insights into the market’s sentiment, especially when analyzing the Euro...
US Dollar Market Analysis: Insights on EUR/USD and GBP/USD Recovery, USD/JPY Stability
The US dollar experienced a minor decline on Monday, though the drop was minimal, likely restrained by a rise in U.S. Treasury yields. Investors took profits following the dollar’s robust performance the previous week. Additionally, many chose not to take significant positions ahead of anticipated...
British Pound Trading Analysis: GBP/USD, EUR/GBP, GBP/JPY
Trading often resembles a game of follow-the-leader, with participants reacting to market movements by following established trends. However, experienced traders leverage contrarian strategies, which can uncover significant opportunities by opposing mainstream market sentiment.
IG client sentiment...
EUR/CHF Sentiment Analysis
EUR/CHF Trader Positions
Source: DailyFX
Retail Sentiment Overview
Currently, 49.76% of traders hold a net-long position in EUR/CHF, resulting in a nearly balanced short to long ratio of 1.01 to 1. Since April 11, 2024, when EUR/CHF was near 0.98, traders have shifted to a net-short stance. Despite...
EUR/USD remains range-bound as markets brace for key U.S. jobs data
The EUR/USD pair traded in a narrow range, with investors staying cautious ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report due on Friday. The muted price action reflects market uncertainty, as traders assess how the jobs data could influence Federal Reserve policy and broader currency...
Australian dollar holds firm as trade surplus meets expectations
The Australian dollar remained stable after the country’s latest trade balance data showed a stronger-than-expected surplus of 5.62 billion AUD in January, slightly above market forecasts. The currency’s muted reaction suggests that traders had already priced in steady export performance, with little...
Euro surges against dollar as investors anticipate trade policy shift
The euro made significant gains against the U.S. dollar, driven by growing expectations that trade policies could see a shift in the coming months. Investors reacted to signals that tariff adjustments may be on the horizon, fueling optimism in currency markets and prompting a surge in EUR/USD trading...
Oil Markets: Prepare for Higher Volatility in 2025
The oil markets are set for increased volatility in 2025, driven by fluctuating global demand, geopolitical tensions, and evolving energy policies. Analysts suggest that uncertainties surrounding economic...
Australian dollar struggles near multi-year lows as USD dominates
The Australian Dollar continues to face intense pressure, hovering near multi-year lows as the U.S. Dollar maintains its dominance in global markets. A combination of strong U.S. economic data and the...
Solana Price Outlook: SOL Network Update Suggests More Downside Risk
The Solana (SOL) network faces heightened scrutiny as a recent update has signaled potential downside risks for its price. Market analysts have pointed to the update’s mixed reception, highlighting...
Dogecoin Outlook: DOGE Open Interest Steady at $3.4B as Musk Targets Liverpool FC
Dogecoin’s market momentum shows signs of stability as open interest for DOGE futures settles at $3.4 billion, a signal of sustained trader engagement despite broader market volatility. The meme-based...
EUR/USD Outlook: Trade Remains Subdued Near 1.0300 with US Nonfarm Payrolls Ahead
The EUR/USD pair remains steady near the 1.0300 level, with traders cautious ahead of the pivotal US Nonfarm Payrolls (NFP) report. This widely-watched employment data is expected to set the tone for the...
Gold Market Outlook: XAU/USD Stabilizes Around $2.670, Eyes Further Gains
Gold prices are stabilizing around $2,670 per ounce, with market participants closely monitoring potential shifts in sentiment. The precious metal has maintained a tight trading range, driven by mixed...
EUR/USD Forecast: Drops as Fed Hints at Slower Rate Cuts
The EUR/USD exchange rate slid as the Federal Reserve reaffirmed a cautious approach to monetary easing, signaling a slower pace than markets anticipated. This hawkish tone from the Fed dampened investor...
AUD/USD Dips After Inflation Data and Strong US Job Report, Trump’s Warnings
The AUD/USD slipped in the wake of stronger-than-expected U.S. labor market data and subdued Australian inflation figures, which raised concerns over the divergence in monetary policy between the two economies....
Ethereum Price Outlook: ETH Might Drop to $3,110 Despite Whale Accumulation
Ethereum’s price is showing signs of potential decline despite increased accumulation by whale investors. Analysts suggest ETH could drop to $3,110 as bearish trends in the broader cryptocurrency...
Shiba Inu Price Outlook: SHIB Wallets Surge to Record 1.38M Amid ETH, BTC, XRP Decline
Shiba Inu (SHIB) is defying market trends as the number of wallets holding the token surged to an all-time high of 1.38 million, even as major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP...
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