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...
West Texas Intermediate (WTI) crude oil prices have edged higher, surpassing $69.50 per barrel, as market participants react to growing concerns over a potential trade war between the United States and...
In the latest Bank of Japan (BoJ) Summary of Opinions, a member of the board highlighted that inflation in Japan has somewhat exceeded expectations. This observation marks a shift in the BoJ’s economic...
In March, Tokyo’s Consumer Price Index (CPI) rose by 2.9% year-on-year, maintaining the same growth rate as the previous month. This steady inflation rate has sparked renewed concerns over rising...
Wyoming and Fidelity enter the stablecoin race, intensifying competition in the digital asset market
The stablecoin sector is heating up as Wyoming and Fidelity make significant moves to solidify their positions in the rapidly growing market. Both entities are leveraging their expertise and resources...
Toncoin, the native cryptocurrency of the TON blockchain, is setting ambitious goals to reach a $10 billion market capitalization as it gains traction in the digital asset space. The surge in interest...
WTI crude oil prices have seen a modest rise, surpassing the $69.50 mark, as market concerns surrounding potential disruptions in Venezuelan oil supplies gain traction. The commodity’s recent uptick...
The EUR/USD currency pair has continued its downward trend as fears surrounding potential tariffs grow, adding significant pressure to the markets. The pair, which has already seen notable declines, is...
XRP, the native cryptocurrency of Ripple Labs, has failed to see a significant rally, even after Ripple’s decision to drop its cross-appeal against the U.S. Securities and Exchange Commission (SEC). The...
Australia’s consumer price inflation for February has shown a slight easing, with the annual rate of increase now standing at 2.4%. This figure comes in below the market expectation of 2.5%, offering a...
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1788, just slightly above the previous day’s level of 7.1780, signaling a subtle shift in the currency market. The adjustment...
The euro continues to trade above 1.0850, holding near a four-month high against the U.S. dollar as concerns over slowing U.S. economic growth put pressure on the greenback. Investors are adjusting their...
The British pound continues to hover near its strongest levels in months, with GBP/USD trading just below the mid-1.2900s as a weaker U.S. dollar provides support. The currency pair has gained momentum...
The EUR/USD pair remains firm above 1.0800, hovering near its highest levels in four months as investors assess the outlook for both the European Central Bank (ECB) and the Federal Reserve. With shifting...
The USD/CAD pair rebounded from a one-week low, climbing back above 1.4300, as traders positioned ahead of upcoming U.S. and Canadian employment reports. The move comes amid shifting expectations for interest...
The Japanese yen continued to show resilience against the U.S. dollar, with investors increasingly betting on a potential Bank of Japan (BoJ) rate hike. Rising speculation that the central bank could pivot...
The New Zealand dollar remained weak against the U.S. dollar, trading below 0.5750 as investors stayed cautious ahead of China’s trade data release. Given New Zealand’s strong economic ties with China,...
The EUR/JPY pair climbed past 161.00 on Thursday as investors positioned ahead of the European Central Bank’s (ECB) rate decision, with expectations running high for any signals on future monetary policy...
The Australian dollar strengthened on Thursday, gaining momentum as investor sentiment improved following Donald Trump’s latest shift in trade policy. Markets welcomed the decision, seeing it as a potential...
The USD/CAD pair edged lower on Thursday, approaching the 1.4300 level, as the U.S. dollar faced renewed selling pressure. Investors are closely watching the 50-day Exponential Moving Average (EMA), a...
The People’s Bank of China (PBOC) set the yuan’s daily reference rate at 7.1692 per U.S. dollar, a slight strengthening compared to the previous fix of 7.1714. The adjustment reflects the central bank’s...
Bitcoin’s unprecedented surge to $108,000 has entered a brief pause, sparking cautious optimism among traders and analysts. The cryptocurrency’s value skyrocketed following increased institutional...
Bitcoin staged a robust recovery, crossing the $107,000 mark after a brief dip triggered by profit-taking. The cryptocurrency had faced selling pressure as traders locked in gains following its recent...
Bitcoin exchange-traded funds (ETFs) are rapidly closing the gap with traditional gold ETFs in the United States. As of December 17, 2024, Bitcoin ETFs have achieved 88% of the assets under management...
In a significant market movement, Bitcoin, XRP, and Solana have collectively attracted over $130 billion in recent investments, signaling robust investor confidence in the cryptocurrency sector. This surge...
MicroStrategy’s stock price surged in early trading Monday, following two key announcements that have positioned the company for future growth. The business intelligence firm, known for its large Bitcoin...
Bitcoin has reached a new all-time high, surpassing $107,000 as demand for Bitcoin exchange-traded funds (ETFs) continues to soar. The cryptocurrency surged to unprecedented levels, driven by institutional...
Ripple’s XRP is poised for a potential rally as the highly anticipated RLUSD stablecoin prepares for its official launch on Tuesday. Analysts suggest XRP could climb to $4.75, driven by optimism surrounding...
Bitcoin has soared above $106,000, fueled by rising optimism over its potential use in national strategic reserves. The rally marks a significant milestone for the cryptocurrency, which has gained traction...
Bitcoin surged to a new all-time high on Monday, marking the culmination of its longest weekly winning streak since 2021. The cryptocurrency reached a peak of $69,000, driven by a combination of strong...
Cryptocurrencies showed mixed performance today, with XRP and BNB leading gains among major tokens. XRP rose on optimism over Ripple’s recent regulatory developments, while BNB rebounded after a...
Oil prices rose as markets began to weigh the potential implications of a second Trump presidency on global energy policies. Brent crude gained 0.7%, trading at $87.65 per barrel, while West Texas Intermediate...
Oil prices edged higher on persistent concerns about supply disruptions linked to ongoing sanctions against Russia. The market remained on edge as traders evaluated the long-term impact of restrictions...
Asian stocks dipped in early trading as caution prevailed ahead of critical Chinese economic data. Investors remained on edge, speculating on how the numbers could shape sentiment around the region’s...
Oil prices are set to notch their fourth consecutive weekly gain, with markets grappling with uncertainty around U.S. policies under Donald Trump. Brent crude held steady near $56 per barrel, supported...
West Texas Intermediate (WTI) crude oil dropped below the $78 mark as the market digested a pause in attacks on shipping lanes in the Red Sea by Yemen’s Houthi forces. The retreat underscores lingering...
Asian stocks rallied Thursday as cooling US core inflation bolstered hopes of a pause in interest rate hikes by the Federal Reserve. Key indexes across the region, including Japan’s Nikkei 225 and Hong...
If you have been working in the stock market for quite some time now, you must have heard about warrior trading or how warrior trading supports swing trading, right? Well, let’s try to thoroughly review...
Oil prices edged higher, driven by fears of supply disruptions from ongoing sanctions and a sharp drop in U.S. crude stockpiles. These factors amplified market tensions, sustaining a bullish sentiment...
Asian stock markets rose on anticipation of the latest US Consumer Price Index (CPI) report, which could provide critical insight into Federal Reserve policy. Gains across major indices reflected investor...
West Texas Intermediate (WTI) crude remains steady above $76.50 as the market digests the impact of new US sanctions on Russian oil exports. The sanctions, announced as part of the ongoing geopolitical...
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...
USD/JPY Analysis: Bulls Maintain Control, Further Gains Possible Amid BoJ Intervention Risks
The USD/JPY pair continued its upward trajectory as investors bet on the divergence between the Federal Reserve’s hawkish stance and the Bank of Japan’s dovish policies. The pair recently breached multi-month...
Will XRP Reach New Heights in January 2025? Early Trading Shows Positive Momentum
XRP has kicked off January 2025 with promising gains, fueling speculation about a potential rally in the cryptocurrency market. Over the first two trading days, the digital asset showed an upside bias,...
Bitcoin Price Outlook: BTC Surges Above $97K as Microstrategy and Coinbase Lead 2025 Gains
Bitcoin has surged past the $97,000 mark, fueled by heightened institutional activity from major players like Microstrategy and Coinbase. This milestone underscores renewed investor confidence as the cryptocurrency...
EUR/USD Outlook: Sellers May Hold Back Before Weekly Close
The EUR/USD pair is stabilizing after a week marked by persistent selling pressure, as investors shift focus to upcoming economic data. Following an earlier dip to multi-week lows, the currency pair found...
US Dollar Index Outlook: Greenback Maintains Strength at Year’s Start
The US Dollar Index (DXY) maintained a steady trajectory at the start of the year, reflecting investor confidence amid shifting global market dynamics. Following a volatile 2024 marked by rate hikes and...
GBP/USD Price Prediction: 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....
EUR/USD Price Assessment: Immediate resistance found 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...
Ethereum Price Outlook: ETH may reach new all-time highs in 2025 as blobs dominate 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...
Major market trends aligning with significant 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...
Gold mining stocks remain under pressure despite broader market gains
Gold stocks have underperformed even as broader equity markets posted notable gains, reflecting a divergence that has caught investor attention. While major indices rose on optimism about easing economic...
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