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 prices have surged past the $67.00 mark, driven by growing geopolitical risks that have raised concerns about potential disruptions in global oil supply. The price rally...
The People’s Bank of China (PBOC) has decided to keep the Loan Prime Rates (LPR) unchanged for March, signaling a continued cautious approach amid economic uncertainties. The move comes as the Chinese...
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...
A prominent crypto investigator has raised alarms over the activities of a whale shorting Bitcoin on the Hyperliquid platform, branding the individual a cyber criminal due to concerns over potential market...
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...
Futures for the Dow, S&P 500, and Nasdaq remained mostly unchanged today as Wall Street prepares for the Federal Reserve’s next move on interest rates. Traders are keeping a close eye on the...
Oil prices have fallen back slightly after a surprising 30-day energy ceasefire agreement between the United States and Russia. The deal, which was reached in an effort to de-escalate tensions and stabilize...
The Bank of Japan (BOJ) is widely expected to hold off on any rate increases during its March meeting, as inflation pressures ease and the economic outlook remains uncertain. After a period of aggressive...
Solana has removed a widely criticized advertisement following intense backlash over its portrayal of gender dynamics in the crypto space. The campaign, which was intended to promote the blockchain’s growing...
The British pound held firm against the U.S. dollar on Thursday but struggled to break above the 1.2700 level, as traders hesitated near a three-month high. While the GBP/USD pair has gained support from...
The EUR/USD pair inched closer to 1.0500, but upside momentum remained limited as growing risk aversion kept traders cautious. While the euro attempted to recover against the U.S. dollar, concerns over...
The New Zealand dollar edged lower against the U.S. dollar, slipping toward 0.5600, as renewed trade tensions fueled by Donald Trump’s tariff threats rattled investor sentiment. Markets reacted cautiously...
The People’s Bank of China (PBOC) set the yuan’s daily reference rate at 7.1739 per U.S. dollar, a modest adjustment from the previous 7.1745. While the change appears minor, it reflects the central bank’s...
The British pound gained ground against the U.S. dollar as the greenback showed signs of weakness, offering temporary relief to currency traders. The move came amid shifting market sentiment, though underlying...
Overall Rating
Overall Ranking
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The USD/INR pair edged lower on Wednesday, with traders speculating that the Reserve Bank of India (RBI) may have stepped in to curb excessive rupee volatility. While no official confirmation has been...
Bitcoin’s recent dip below the $100,000 threshold has unsettled the cryptocurrency market, leading to significant liquidations and raising concerns about the digital asset’s short-term trajectory....
A controversial move to establish a strategic Bitcoin reserve under former President Donald Trump has sparked debate among analysts, with some speculating it could drive Bitcoin’s price to $300,000. The...
Microsoft has dismissed speculation around adopting Bitcoin as a reserve asset, reaffirming its conservative stance on cryptocurrencies. The company reportedly clarified its focus remains on core technology...
Speculation about whether Google’s advanced supercomputer could undermine Bitcoin’s encryption has sparked debate in the crypto community. Quantum computing technology, capable of solving complex...
Bitcoin’s price has been a subject of intense speculation, with many analysts drawing comparisons to past market cycles. As the cryptocurrency continues to capture global attention, some are predicting...
Bitcoin’s rally stumbled, trading near $44,000 after a sharp surge earlier this month. The cryptocurrency’s recent movements reflect increasing investor caution as macroeconomic uncertainties...
Bitcoin could be on the cusp of a significant rally, with predictions pointing to $250,000 as the next major target. YouTuber and cryptocurrency analyst Matt Kohrs recently shared his forecast with a growing...
The cryptocurrency market faced another challenging day with $103 billion wiped off its total value, highlighting persistent investor unease. Despite the sell-off, MicroStrategy doubled down on Bitcoin,...
Altcoins experienced a significant downturn today, with major cryptocurrencies like Ethereum (ETH), XRP, Litecoin (LTC), and Bitcoin Cash (BCH) all posting notable losses. This decline coincides with Bitcoin...
Former U.S. Treasury Secretary Larry Summers has dismissed the idea of governments holding Bitcoin reserves as “crazy,” cautioning against the potential risks associated with the volatile cryptocurrency....
Oil prices rose for the second consecutive session, buoyed by fresh data suggesting a decline in U.S. crude stockpiles. Market optimism was fueled by reports indicating tighter supply conditions, with...
The announcement of former President Donald Trump’s proposed tariff plan has led to a surprising recovery in Eurozone stocks. As investors recalibrate their expectations, the plan’s potential...
Asian equities advanced as market sentiment improved following a volatile trading session in the U.S. Key indexes across the region gained modestly, with Japan’s Nikkei 225 up 0.4% and South Korea’s Kospi...
Asian equities traded with mixed performance as investors digested Wall Street’s recovery, fueled by optimism over economic resilience. Despite positive cues from U.S. markets, concerns over global growth...
Oil prices extended their rally for the sixth consecutive day, buoyed by a surge in global market confidence. Investors remain bullish as improved sentiment in equity markets spills over into commodities,...
Solar stocks surged after Tesla reported record energy storage deployments in its latest quarterly update. The company installed a staggering 4.2 gigawatt-hours of energy storage systems, a significant...
Oil prices rallied sharply, breaking free from a weeks-long tight trading range. The surge was driven by robust technical support levels that reignited bullish momentum in the energy markets. Brent crude...
Asian markets began the new year with a mixed tone, reflecting lingering concerns from a tumultuous close to 2024. Investors remain cautious as global growth fears, inflationary pressures, and geopolitical...
Oil prices edged higher at the start of the year, fueled by expectations of lower US crude stockpiles and optimism over global demand. Investors are betting on tighter supplies as preliminary data suggests...
Oil prices remained stable in subdued year-end trading, as investors assessed potential risks in the global economy heading into 2025. Market activity was muted, with traders reluctant to make bold moves...
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...
EUR/USD Outlook: Stabilization expected near 1.0400
The EUR/USD pair remains in a consolidative phase near the 1.0400 level, reflecting cautious market sentiment ahead of key economic data releases. Despite fluctuating within a narrow range, the pair shows...
Does extending loan terms effectively enhance homeownership opportunities?
Proposals to extend mortgage loan maturities are reigniting debates about their effectiveness in addressing housing affordability. Advocates argue that longer repayment periods can lower monthly payments,...
AUD/JPY could continue its downward trend
The AUD/JPY pair remains under pressure as risk-off sentiment dominates global markets. Concerns over global economic slowdown, coupled with hawkish signals from the Bank of Japan, have weighed heavily...
S&P 500: Top performers, disappointments, and 2025 predictions
The S&P 500 ended 2024 with notable highs and lows, reflecting a year of mixed fortunes across sectors. Tech giants led the pack, buoyed by AI breakthroughs and robust earnings. Stocks like Nvidia...
USD/MXN Price Outlook: Economic slowdown, policy shifts, and Trump’s influence to impact Peso in 2025
The USD/MXN exchange rate is poised for a volatile year in 2025 as economic headwinds, monetary policy shifts, and political developments weigh on the Mexican Peso. Analysts anticipate that Mexico’s...
USD/CAD Price Projection: Struggling Loonie unlikely to be rescued by Fed cuts
The USD/CAD pair has shown resilience despite broader expectations of a potential shift in Federal Reserve policy next year. Market analysts suggest that the battered Canadian dollar is unlikely to find...
Bitcoin drops 3% from recent record high – is this the peak of the cycle?
Bitcoin fell 3% from its recent all-time high, leaving investors questioning whether the cryptocurrency has reached its cycle peak. The decline, which follows a months-long rally fueled by institutional...
Bottoming process proving too strenuous
The S&P 500’s recent performance suggests a potential bottoming process, though the market remains in a neutral stance. On November 19, 2024, the index avoided a decline below the previous Friday’s...
Ethereum Price Outlook: ETH may recover from recent 10% drop despite panic selling by short-term traders
Ethereum’s recent 10% decline has raised concerns about its near-term outlook, as panic selling by short-term holders intensifies. Market data reveals that ETH’s sharp fall was largely driven...
Will the SP500 find its floor?
The S&P 500 has recently experienced significant volatility, prompting investors to question where the index might find its bottom. Historically, the 200-week moving average has served as a critical...
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