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 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...
Major Japanese firms are preparing to raise wages for a third straight year, signaling continued momentum in the country’s labor market as businesses respond to rising inflation and government pressure...
Oil prices climbed back above $66 per barrel, supported by a softening US dollar that made crude more attractive for international buyers. The rebound comes after a period of weakness driven by concerns...
Bank of Japan (BoJ) Governor Kazuo Ueda stated that rising long-term interest rates reflect market expectations for economic conditions, signaling that policymakers are allowing greater flexibility in...
The People’s Bank of China (PBOC) has begun scaling back its support for the yuan, signaling a shift in its currency strategy as uncertainty over U.S. economic momentum clouds global markets. The move...
Crude oil prices edged lower as concerns over the economic impact of trade tariffs weighed on market sentiment, raising fears of weaker global demand. Investors remain cautious amid ongoing discussions...
Oil prices fell sharply as West Texas Intermediate (WTI) crude dropped below $65.50 per barrel, reflecting growing concerns over weakening global demand. The decline comes amid fears that slower economic...
A top Japanese official has emphasized the need for stable foreign exchange (FX) movements, stressing that currency values should reflect underlying economic fundamentals rather than market speculation....
Italy is pushing for a €200 billion defense initiative backed by European Union guarantees, aiming to strengthen its military capabilities amid growing geopolitical tensions. The proposal underscores Italy’s...
Japan’s top trade official, Yasutoshi Muto, will continue discussions with the United States on tariffs, aiming to address ongoing trade tensions between the two economic powers. The talks come at a critical...
The USD/INR pair remained range-bound on Wednesday, with traders avoiding big bets ahead of the US GDP report, which could provide fresh signals on the Federal Reserve’s next policy move. With uncertainty...
The Japanese yen edged lower on Wednesday, with USD/JPY climbing toward 149.50, as a decline in Japanese Government Bond (JGB) yields dampened demand for the currency. The move comes as markets adjust...
The Australian dollar remained stable on Wednesday as traders digested the latest Q4 private capital expenditure (CapEx) report, which offered mixed signals about business investment trends. While the...
The Australian dollar extended its decline on Wednesday, struggling against a stronger US dollar and renewed risk aversion in global markets. With investors leaning toward safe-haven assets, the Aussie’s...
The British pound remains under pressure as GBP/USD struggles to hold near 1.2650, weighed down by a stronger U.S. dollar and rising Treasury yields. Investors are flocking to the greenback as risk aversion...
The New Zealand dollar struggled to gain traction on Wednesday, with NZD/USD hovering below the 0.5700 level, as investors remained cautious ahead of the upcoming US GDP report. Market participants are...
The USD/CAD pair extended its rally, approaching the 1.4350 mark as the US dollar strengthened against its Canadian counterpart. A combination of rising US Treasury yields and falling crude oil prices...
The Australian dollar remained under pressure, weighed down by worsening global risk sentiment and a stronger US dollar. Investors sought safer assets amid renewed concerns over economic growth, geopolitical...
The EUR/USD pair weakened, nearing the 1.0500 level, as the US dollar gained momentum on the back of rising Treasury yields. Investors continued to favor the greenback amid expectations that the Federal...
The U.S. dollar edged higher against the Swiss franc, approaching the 0.8950 level, even as weak economic data and renewed tariff concerns cast a shadow over market sentiment. Despite signs of slowing...
Bitcoin’s journey toward the highly anticipated $100,000 mark has encountered significant resistance, dampening investor optimism. After recent rallies fueled by speculation of institutional adoption...
Bitcoin (BTC) continued to trade sideways, consolidating near the $44,000 mark as market participants weighed its next directional move amid muted volatility. Despite BTC’s sluggish performance,...
Japanese cryptocurrency exchange DMM Bitcoin has announced plans to liquidate its operations after suffering a significant security breach earlier this year. In May, the exchange experienced an unauthorized...
Ripple’s XRP is gaining momentum, with bulls aiming for a new all-time high of $3.57. This surge in optimism comes on the heels of WisdomTree, a leading asset management firm, filing for...
Ripple’s XRP has drawn renewed attention in the crypto market as WisdomTree’s filing for an XRP-focused ETF fuels optimism. The digital asset surged in trading, with investors anticipating...
Bitcoin’s rally halted at $98,000, signaling a brief consolidation after its recent surge. Market observers suggest this pause is natural following the cryptocurrency’s aggressive upward momentum....
Exchange-traded funds (ETFs) linked to Bitcoin and Ether have seen a surge in inflows following former President Donald Trump’s unexpected embrace of cryptocurrencies. The record-breaking capital...
Bitcoin ETFs are witnessing an unprecedented influx of funds this month, signaling renewed investor confidence. Data shows record monthly inflows fueled by rising optimism around former President Donald...
ASI’s FET token surged following the announcement of its new “earn-and-burn” mechanism, designed to enhance token scarcity and boost long-term value. The system allows holders to earn rewards...
November witnessed a sharp increase in stablecoin trading volumes, signaling heightened institutional interest in digital assets. Data shows a significant rise in transactions across major stablecoins,...
WTI crude oil prices remain under pressure, holding below $70 per barrel, as weak economic data from China reignites fears of sluggish global demand. Fresh indicators from the world’s second-largest...
US stocks ended higher on Thursday, fueled by growing optimism that the Federal Reserve could soon cut interest rates. Investor sentiment surged as recent economic data showed cooling inflation, reinforcing...
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...
Oil prices remained largely unchanged as investors awaited the Federal Reserve’s interest rate decision, a key factor that could influence economic growth and demand for energy. Brent crude hovered...
Asian stocks gained on Tuesday as investors positioned themselves ahead of critical central bank rate decisions expected this week. Markets across the region saw broad-based optimism amid hopes that interest...
WTI crude remains steady near $70.00 as investors tread cautiously ahead of the Federal Reserve’s interest rate decision. The uncertainty over monetary policy has kept energy markets subdued, with...
South Korea’s financial markets rallied Monday, with the Korean won strengthening and stocks climbing as investors responded positively to a pivotal impeachment vote. The KOSPI index rose 1.5% to its highest...
Asian markets remained subdued as investors awaited crucial economic data from China, fueling cautious sentiment across the region. The MSCI Asia Pacific Index saw minimal movement, with benchmarks in...
Grab Holdings Ltd. reported a robust quarterly performance, exceeding analysts’ expectations with revenue surging by 27% year-on-year to $567 million. The company’s strong showing was driven...
Broadcom’s stock surged following a robust quarterly earnings report, driven by the company’s continued success in the artificial intelligence (AI) market. The semiconductor giant reported...
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...
Solana Forecast: SOL market share declines by $3B as Trump drives Ethereum surge
Solana has seen its market share shrink by $3 billion, struggling to maintain investor confidence as competing blockchain networks gain momentum. The recent decline comes as Ethereum experienced a significant...
EUR/USD: Negative output showing
The EUR/USD pair has faced renewed pressure as the US dollar continues to gain ground, driven by robust economic data and hawkish signals from the Federal Reserve. The euro struggled to hold key support...
Asian Equities Fall as Markets Prepare for Upcoming Fed Meeting: Market Wrap
Asian markets experienced broad declines, with investors adopting a cautious stance ahead of next week’s Federal Reserve meeting. Japan’s Nikkei 225 shed over 1%, while South Korea’s Kospi and Hong Kong’s...
Ethereum Price Outlook: ETH Set to Reach Record High Over $5,000, On-Chain Metrics Indicate Positive Trend
Ethereum is showing signs of bullish momentum, with on-chain data pointing to the potential for a new all-time high above $5,000. Analysts cite a surge in network activity and rising institutional interest...
AUD/USD Struggles to Retain Gains After Mixed US Economic Data
The AUD/USD pair retreated after briefly gaining following the release of mixed US economic data, highlighting market uncertainty. While consumer sentiment showed resilience, retail sales figures came...
Oil Forecast: OPEC Lowers Demand Projections Again
OPEC has lowered its global oil demand forecast for the third consecutive time this year, citing slower-than-expected economic growth in key markets. The cartel’s monthly report highlights challenges...
Why bitcoin, ethereum, and dogecoin popped today
Bitcoin, Ethereum, and Dogecoin saw notable gains today as broader market sentiment shifted positively. Bitcoin rose above $28,000, benefiting from renewed optimism around the potential approval of Bitcoin...
USD/CHF: Anticipate Additional Growth
The USD/CHF pair continues to gain traction as investors anticipate stronger performance from the U.S. economy, supported by robust labor market data and renewed consumer confidence. The Swiss franc, often...
Ethereum Price Outlook: ETH targets fresh annual peak as whale and institutional investments rise
Ethereum (ETH) is poised to reach a new yearly high as whale and institutional holdings continue to increase. This surge in large-scale investments underscores growing confidence in the cryptocurrency’s...
Japanese Yen weakens amid changing rate outlook
The Japanese Yen has lost ground as interest rate expectations shift, reflecting changes in investor sentiment. The currency’s decline comes amid speculation that the Bank of Japan may adjust its...
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