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...
Japan’s Finance Minister Katsunobu Kato emphasized that the bond market should determine interest rate movements, reinforcing the government’s cautious stance on direct intervention. His remarks come as...
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...
Gold prices continue to trade near all-time highs, with bullish momentum holding firm despite a broader risk-on sentiment in global markets. The precious metal has remained resilient, suggesting that investors...
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...
Asian stocks advanced as investors grew optimistic about China’s economic outlook, boosting regional sentiment despite a slight decline in US futures. Markets across Japan, Hong Kong, and South Korea saw...
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...
Gold prices are holding firm around the $3,000 mark, benefiting from continued safe-haven demand as global uncertainty keeps investors cautious. The precious metal remains well-supported, with geopolitical...
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...
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...
Ethereum developers have delayed the launch of the Pectra upgrade, opting to introduce a new testnet, Hoodi, to ensure stability before the mainnet deployment. The decision reflects the network’s cautious...
The Japanese yen held firm on Wednesday, capitalizing on broad U.S. dollar weakness as lower Treasury yields continued to pressure the greenback. Investors seeking safer assets have turned to the yen,...
The EUR/USD pair remains firm above 1.0400, supported by a weakening U.S. dollar as investors weigh shifting economic conditions and central bank policies. With the greenback under pressure amid softer...
The Australian dollar held firm on Wednesday, benefiting from a weaker US dollar as investors positioned ahead of the upcoming ISM Manufacturing PMI report. The greenback’s struggles have allowed the Aussie...
The Japanese yen extended its gains against the U.S. dollar, driven by mounting expectations that the Bank of Japan (BoJ) is inching closer to a tighter monetary policy stance. Investors are increasingly...
The New Zealand dollar steadied around 0.5600 after pulling back from recent highs, as renewed concerns over global economic uncertainty and shifting Federal Reserve rate expectations weighed on risk-sensitive...
The USD/CAD pair remained under pressure on Wednesday, struggling to reclaim the 1.4450 level, as a weaker US dollar and cautious sentiment ahead of key PMI data kept traders on edge. With the greenback...
The British pound regained ground against the U.S. dollar, with GBP/USD rising above the 1.2600 mark, as a softer greenback provided modest support. The pair’s advance reflects a broad pullback in the...
The euro edged higher against the U.S. dollar, with EUR/USD surpassing the 1.0400 level, as traders positioned themselves ahead of the latest Eurozone inflation report. The pair’s gains were supported...
The euro gained ground against major currencies as traders reacted to geopolitical tensions in Ukraine and evolving trade policies. EUR/USD edged higher, supported by a mix of risk sentiment and expectations...
The Japanese yen lost momentum against the US dollar on Thursday, surrendering most of its intraday gains as traders reassessed the currency’s outlook. A brief rally in the yen was met with renewed demand...
Choise.ai has unveiled its innovative Meme Bank, aiming to transform the perception and utility of meme coins in the cryptocurrency market. The platform introduces a solution for these volatile digital...
Ripple’s XRP has experienced a remarkable surge, ascending over 400% since early November and recently achieving a 2024 high of $2.90. This rally has propelled XRP to become the third-largest cryptocurrency...
The iShares Bitcoin Trust ETF saw a remarkable 40% surge in November, driven by a combination of favorable market conditions and renewed investor interest in cryptocurrency. This surge comes at a time...
Bitcoin experienced a sharp decline of almost 7%, briefly trading near $36,000 as traders began hedging against a potential market pullback. This downturn comes amid growing concerns over volatility in...
Bitcoin soared past the historic $100,000 mark, sending shockwaves through financial markets and driving Bitcoin Exchange-Traded Funds (ETFs) to record highs. This milestone cements the cryptocurrency’s...
The cryptocurrency market witnessed a surge as Bitcoin surpassed the psychological $100,000 mark, igniting a rally among proof-of-work (PoW) coins. Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC)...
GameStop shares and the GME meme coin experienced a sharp surge following the return of Keith Gill, widely known as “Roaring Kitty,” to social media. Gill, a pivotal figure in the 2021 GameStop...
Stock markets surged as investor sentiment was buoyed by growing speculation that central banks may cut interest rates in the near future. The rate cut bets come amid concerns over slowing global growth,...
Bitcoin exchange-traded funds (ETFs) are ushering in a new era of investment opportunities, providing both retail and institutional investors with greater flexibility and access to the cryptocurrency market....
Bitcoin briefly soared to $99,000 on Tuesday in a dramatic rally fueled by heightened U.S. buying activity, as indicated by the spiking Coinbase premium. The premium, which measures the price difference...
Japanese stocks rose sharply as the yen weakened further against the dollar, bolstering export-driven sectors. The benchmark Nikkei 225 gained momentum, reflecting investor optimism as a softer yen enhances...
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...
Asian stocks dipped on Tuesday as most global markets remained closed for Christmas, leaving traders to gauge broader trends in a subdued trading environment. Key indices in Asia reflected mixed sentiment,...
Russia’s Deputy Prime Minister Alexander Novak highlighted the country’s readiness to supply gas to Europe through various routes, even as geopolitical tensions and sanctions complicate energy...
Microsoft’s stock price target has been revised by a leading analyst, citing strong demand for its cloud services and a robust software ecosystem. Azure, the company’s flagship cloud platform, continues...
Crude oil prices climbed above $70 per barrel, reflecting heightened market activity as traders prepare for the American Petroleum Institute’s (API) latest inventory report. The move marks a significant...
Asian stocks edged higher on Tuesday as holiday trading volumes remained subdued. Japan’s Nikkei 225 gained 0.5%, supported by gains in export-driven sectors, while Hong Kong’s Hang Seng Index rose modestly...
Asian stocks advanced on Wednesday, buoyed by strong overnight gains in US tech shares, which provided a positive lead for regional markets. Investors showed renewed confidence after a rally in mega-cap...
Oil prices edged higher in subdued pre-Christmas trading as investors balanced signs of tightening supply against demand concerns. Market activity remained light ahead of the holiday, amplifying price...
Japan’s startup stocks are on the verge of their longest losing streak in years, with investors bracing for potential rate hikes by the Bank of Japan. Market sentiment remains cautious as higher...
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 Price Outlook: Sellers target further declines
The EUR/USD pair continued its downward trend, reflecting the euro’s struggle against a broadly stronger dollar. Market sentiment remains bearish, with sellers dominating as the pair nears pivotal...
Stock market downturn intensifies across Europe after FOMC meeting
European stock markets extended their losses as investors reacted to the Federal Reserve’s latest policy stance, which underscored persistent inflationary pressures and the likelihood of elevated interest...
Bitcoin Price Outlook: BTC shows slight rebound after significant sell-off following Fed rate cut decision
Bitcoin saw a modest recovery today, edging back above $26,500 after a sharp decline triggered by the Federal Reserve’s rate cut decision. The digital asset experienced heightened volatility as investors...
Stock Market Report: Fed's Policy Shift and Inflation Data to Conclude 2024
U.S. equities are set to close out 2024 with heightened volatility as markets await key signals from the Federal Reserve’s final policy meeting and November inflation data. Investors remain on edge,...
Ethereum Outlook: ETH Dips 6% After Fed's Rate Announcement, Looking for a Rebound at $3,550
Ethereum’s price declined sharply, shedding 6% following the Federal Reserve’s announcement to maintain its current interest rate policy. The decision triggered a sell-off in the broader crypto...
EUR/USD Projection: Fed Strengthens USD with Aggressive Rate Decision
The US Dollar strengthened significantly after the Federal Reserve’s hawkish tone during its latest policy meeting, pushing the EUR/USD pair lower. While the Fed implemented a rate cut as expected,...
Shiba Inu Price Outlook: SHIB Demand Drops as Solana Memes Rise
Shiba Inu (SHIB) prices have faced growing challenges as demand from crypto whales diminishes, reflecting a shift in market sentiment. SHIB’s trading volume has seen a notable decline, coinciding...
Ethereum Outlook: RWA tokenization expected to boost ETH value in 2025, Bitwise
Ethereum’s price could see a significant boost by 2025, driven by the growing adoption of Real-World Asset (RWA) tokenization, according to a recent analysis by Bitwise. The process of tokenizing assets...
Litecoin Forecast: $150 breakout anticipated as miners purchase $18M in LTC
Litecoin is eyeing a significant breakout above $150 as strong demand from miners continues to fuel its momentum. Over the past week, miners have reportedly invested $18 million into purchasing Litecoin,...
EUR/USD Outlook: Caution prevails ahead of Federal Reserve’s decision
The EUR/USD pair held steady in early trading as markets tread cautiously ahead of the Federal Reserve’s policy announcement. Investors remain on edge, balancing expectations of an extended pause in rate...
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