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 British pound strengthened for a fifth consecutive session on Monday, extending its rally against the U.S. dollar as softening U.S. data and improving risk sentiment fueled demand for sterling. The...
The New Zealand dollar advanced on Monday, approaching a key resistance level against the U.S. dollar as risk appetite improved and commodity-linked currencies found support. The move comes amid renewed...
The Australian dollar edged higher against the Japanese yen on Monday, extending a modest rebound despite lingering signs of technical weakness in the broader trend. The mild recovery reflects improving...
The Australian dollar traded steadily on Tuesday after the Reserve Bank of Australia (RBA) released its April meeting minutes, which indicated a continued focus on taming inflation despite signs of a cooling...
The euro advanced against the British pound on Monday, nearing the 0.8700 level as improving global risk sentiment and diverging economic signals from the eurozone and the UK influenced currency flows....
The Australian dollar held firm on Monday, trading near recent highs as improving global risk sentiment and steady commodity prices helped support the currency. Market optimism surrounding interest rate...
The Japanese yen traded near its strongest level in months on Monday, buoyed by continued weakness in the U.S. dollar and growing market expectations that the Bank of Japan may further tighten monetary...
The New Zealand dollar edged higher against the U.S. dollar on Monday, climbing toward the 0.5850 mark, as a stronger-than-expected Chinese trade report offered a boost to risk-linked currencies. The move...
Gold prices pulled back on Monday, stepping away from last week’s all-time highs as global investors shifted toward riskier assets amid improving sentiment in equity markets. Despite the short-term...
Gold prices in India edged lower on Monday, retreating from last week’s rally that saw the precious metal touch record highs amid geopolitical tensions and strong global demand. The slight dip comes...
China’s central bank set the yuan’s daily reference rate against the U.S. dollar at 7.1738, marking a slight increase from the previous 7.1728. The move comes as investors closely monitor Beijing’s currency...
The People’s Bank of China (PBOC) set the yuan’s daily reference rate at 7.1728 per dollar, slightly weaker than the previous 7.1696, as policymakers continue to manage currency stability amid shifting...
The New Zealand dollar extended its gains against the U.S. dollar, nearing the 0.5750 mark, as risk sentiment improved ahead of key U.S. inflation data. Investors are positioning cautiously before the...
The euro edged lower against the U.S. dollar after hitting recent highs, as traders eased up on bullish bets amid shifting market sentiment. The currency pair had rallied in previous sessions, supported...
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1696, a modest strengthening from the previous 7.1741, signaling a measured approach to currency management as the yuan remains under...
The Australian dollar weakened as investors turned cautious amid rising global uncertainty, driving demand for safe-haven assets. The risk-sensitive currency faced renewed pressure as concerns over slowing...
Decline in Net-Short Traders by 17.40% Over the Past Week
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The latest data on EUR/USD retail trading sentiment indicates a net-long position held by 51.50% of traders. The ratio of long to short traders...
The USD/INR pair edged higher on Monday as concerns over potential trade tariffs fueled demand for the U.S. dollar. Investors grew cautious amid rising tensions between major economies, leading to a shift...
The Japanese yen strengthened on Monday as investors raised their bets on a more hawkish stance from the Bank of Japan (BoJ), fueling speculation that the era of ultra-loose monetary policy could soon...
The Australian dollar held firm on Monday as the Reserve Bank of Australia (RBA) signaled a cautious approach to monetary easing, dampening expectations of imminent rate cuts. The central bank’s...
Ripple’s XRP demonstrated notable resilience during a sharp downturn in the cryptocurrency market, marking a standout performance amid widespread sell-offs. While major tokens like Bitcoin and Ethereum...
Bitcoin has plunged to its lowest value since the Trump administration, signaling continued struggles for the leading cryptocurrency. The drop underscores mounting pressure from regulatory scrutiny and...
Solana has surged ahead of Bitcoin and Ethereum in both price performance and trading volume, marking a notable shift in cryptocurrency market dynamics. Recent data from Glassnode reveals Solana’s trading...
The IRS has clarified its stance on the taxation of crypto staking rewards, signaling a shift in regulatory oversight as digital assets gain prominence. In a response to a lawsuit, the agency declared...
Bitcoin ended its streak of weekly gains, posting its first decline in months as the broader cryptocurrency market experienced renewed selling pressure. The world’s largest cryptocurrency dropped...
The discussion around Ethereum ETF staking is taking a new turn as SEC Commissioner Hester Pierce highlights its evolving dynamics under the agency’s latest leadership. Pierce’s comments come amid growing...
Pro-Trump economic policies are fueling a wave of enthusiasm among young cryptocurrency users, creating a fertile environment for venture capital investment. Tax reforms and deregulation efforts under...
Long-term Bitcoin holders have realized $2.1 billion in profits, reflecting patterns seen in past market cycles. This wave of selling suggests confidence among seasoned investors in capitalizing on recent...
Bitcoin faced renewed pressure after Federal Reserve Chair Jerome Powell clarified that the central bank is “not allowed” to own cryptocurrencies. The statement, made during a congressional...
Bitcoin maintained its position above $104,000, signaling resilience in the face of mixed market sentiment. Traders capitalized on recent gains in XRP, Avalanche (AVAX), and Solana, driving profit-taking...
Asian stocks climbed as investors reacted positively to reports of former U.S. President Donald Trump’s proposed AI investment plans, signaling a potential surge in innovation and economic opportunities....
Oil prices remained under pressure as heightened trade war fears clouded global economic outlooks. President Donald Trump’s renewed tariff threats on China stoked uncertainty in the markets, sparking concerns...
Oil prices remained stable as market participants speculated on potential policy shifts under a possible second term for Donald Trump. Traders weighed the impact of a Trump 2.0 presidency, particularly...
West Texas Intermediate (WTI) crude prices dropped sharply to near $75.50 as markets reacted to former President Trump’s renewed focus on energy policy. Plans to boost U.S. oil production and potentially...
Former President Donald Trump has announced plans to reverse Biden-era restrictions on offshore oil drilling, opening vast stretches of US waters to exploration. The move, which underscores Trump’s energy-first...
Asian stocks fell sharply as Donald Trump’s comments on potential new tariffs reignited fears of a prolonged trade war with China. Major benchmarks across the region closed lower, with Japan’s Nikkei...
Japanese stocks declined sharply after former U.S. President Donald Trump revived discussions about potential tariffs on imported goods. Investors reacted with caution, as the proposed measures could strain...
West Texas Intermediate (WTI) crude continued its downward trend, trading below $76.50 as former U.S. President Donald Trump committed to increasing domestic oil production if reelected. The promise to...
Asian equities followed Wall Street’s strong finish, with major indices across the region posting gains ahead of Donald Trump’s inauguration. Investor optimism over potential fiscal stimulus and economic...
Asian markets saw broad gains as trade negotiations between U.S. President Donald Trump and Chinese President Xi Jinping sparked renewed optimism. Investors welcomed the positive tone from discussions...
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...
Gold Price Outlook: XAU/USD Tests Fresh Multi-Week Highs
Gold prices rose on Thursday, flirting with fresh multi-week highs as market sentiment turned cautious ahead of key economic data releases. XAU/USD gained traction as investors sought safe-haven assets,...
Risk assets face pressure amid global bond yield surge
Global markets faced turbulence as bond yields surged, pressuring equities and heightening fears of a prolonged period of higher interest rates. The sell-off in government bonds was fueled by concerns...
EUR/USD Price Outlook: Falls below 1.0400 due to strong US data and Trump’s remarks
The EUR/USD fell below the critical 1.0400 level on Wednesday, pressured by stronger-than-expected US economic data and comments from former President Donald Trump. A robust ISM Services PMI reading, signaling...
Ethereum Price Outlook: ETH drops over 6% amid rising staking withdrawals
Ethereum (ETH) experienced a sharp decline of over 6% in recent trading, marking one of its steepest single-day losses in recent weeks. The drop coincides with a surge in staking withdrawals, raising concerns...
AUD/USD Price Outlook: Bounces back from two-year lows amid US tariff speculations
The AUD/USD has staged a recovery after hitting two-year lows, as speculation around potential US tariff adjustments added uncertainty to global markets. The Australian dollar, often considered a barometer...
Ethereum Price Outlook: ETH resumes climb toward $4,093 as investors begin to accumulate
Ethereum has resumed its upward momentum as investors ramp up accumulation, signaling renewed confidence in the cryptocurrency market. Following a period of consolidation, ETH’s price movement is now targeting...
Gold Price Outlook: XAU/USD holds steady above $2,630
Gold prices continued their upward momentum, with XAU/USD trading above $2,630, driven by a mix of market optimism and lingering concerns over global economic conditions. The precious metal benefited from...
Cardano Price Analysis: 10,000 new investors purchase ADA before Trump’s inauguration
Cardano’s price has gained momentum as 10,000 new investors joined the network, signaling increased confidence in the cryptocurrency. This influx of activity comes amid market anticipation surrounding...
WTI Crude Climbs for Fifth Consecutive Day, Breaking December’s High
WTI crude oil surged for the fifth consecutive session, breaking above its December high, as optimism over global demand fueled bullish sentiment. Prices settled at $82.34 per barrel, marking a 1.8% increase...
XRP Price Forecast: XRP Surpasses USDT Following Ripple’s Unlocking of 500M Before Trump’s Inauguration
Ripple’s XRP saw a notable surge, overtaking Tether (USDT) in market capitalization, following Ripple’s release of 500 million XRP from escrow. The unexpected move has fueled speculation about...
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