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 economy expanded at a slower pace than initially estimated in the final quarter of 2024, highlighting lingering challenges for the country’s recovery. Revised data showed that gross domestic product...
Gold prices remained firm above $2,900 per ounce on Monday, as investors grappled with mixed signals from the global economy and central bank policy outlooks. The metal has been locked in a narrow trading...
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...
Silver prices slipped below $32.50 per ounce on Monday as weak economic data from China dampened investor sentiment, raising concerns over demand for industrial metals. The decline comes amid broader market...
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 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...
Oil prices continued their decline as investors remained wary of the potential economic fallout from trade tariffs. Concerns over slower global demand and trade restrictions have pressured crude markets,...
Gold prices continue to hold above the $2,900 mark, supported by growing concerns over global economic uncertainty and weaker-than-expected U.S. job data. The precious metal has remained resilient as investors...
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 euro strengthened against the Japanese yen, approaching the 157.00 level, as reports of Germany considering an increase in defense spending lifted investor confidence. The move signals a potential...
The Australian dollar remains under pressure, struggling to gain traction as heightened global risk sentiment keeps investors cautious. Ongoing concerns about economic uncertainty, geopolitical tensions,...
The US dollar struggled to gain momentum on Wednesday, failing to break above the 106.50 level, as traders weighed shifting Federal Reserve policy expectations and broader market sentiment. Despite a recent...
The EUR/USD pair remained under pressure on Wednesday, with the euro struggling to break past key resistance above 1.0500 as traders weighed economic data and shifting monetary policy expectations. Despite...
The USD/JPY pair edged higher on Wednesday, reclaiming the 149.00 level as the US dollar gained modestly, supported by stable Treasury yields and cautious market sentiment. Despite recent pullbacks, traders...
The New Zealand dollar remained under pressure on Wednesday, with NZD/USD hovering near 0.5700, as investors grew cautious ahead of potential US tariff announcements on China. The uncertainty surrounding...
The Australian dollar held firm on Tuesday, defying broader risk-off sentiment as global markets turned cautious. Despite a pullback in equities and concerns over slowing economic growth, the Aussie remained...
The Japanese yen hovered near the 150.00 per dollar mark on Monday, maintaining a tight range as traders assessed the risk of intervention from Japanese authorities. With the Bank of Japan (BOJ) sticking...
The USD/INR pair moved higher on Wednesday, driven by strong US dollar demand and continued foreign fund outflows, which weighed on the Indian rupee. The pair climbed as investors assessed global economic...
The US dollar remains under pressure against the Swiss franc, with USD/CHF hovering near 0.8950, as investors reassess expectations for Federal Reserve monetary policy and broader risk sentiment. A weaker...
Ripple’s XRP has drawn significant attention from large investors, with recent data revealing increased whale activity. The heightened interest coincides with Bitwise Asset Management’s decision...
The meme coin market is experiencing a resurgence, with Dogecoin, PEPE, and BONK driving a significant rally. These tokens, often viewed as speculative assets, have captured investor attention with recent...
Ripple’s XRP experienced notable selling pressure as realized profits among holders reached unprecedented levels. This profit surge has led to increased selling activity, pushing XRP’s price lower...
Bitcoin’s recent rally has been tempered as its price remains below the anticipated $100,000 mark. Market data reveals that long-term holders have begun liquidating positions, capitalizing on the...
Ripple’s XRP could see a dramatic rise as investment firm WisdomTree submits a filing for an XRP-focused ETF in the U.S. This move, if approved, would mark a significant milestone for the token,...
The TRON Foundation has emerged as the largest investor in Donald Trump’s World Liberty Financial, marking a significant development in the cryptocurrency sector’s push into mainstream financial...
Bitcoin’s dramatic climb has paused just short of the highly anticipated $100,000 mark, stirring speculation among investors about the cryptocurrency’s next move. After weeks of strong gains fueled by...
Asian stocks climbed on Wednesday, following Wall Street’s strong performance overnight as investors embraced signs of economic resilience. Japan’s Nikkei advanced 1.2%, while Hong Kong’s Hang...
Ripple’s XRP is showing potential for a significant rally, with analysts suggesting a possible 45% price increase. This optimism stems from speculation around the SEC’s reduced likelihood of pursuing an...
Cryptocurrency markets saw a significant boost as Ripple’s XRP surged 10% on January 20, while Bitcoin and Solana hit new peaks. The rally followed an announcement of SEC Chair Gary Gensler’s...
Cheap valuations, once the hallmark of Japan’s stock market, are losing their appeal among global investors. With the Nikkei 225 and Topix indices hitting multi-decade highs, market participants are shifting...
The International Energy Agency (IEA) has revised its global oil demand forecast for 2025, projecting an increase of 1.1 million barrels per day (bpd). This adjustment reflects a stronger-than-expected...
Crude oil prices slipped following an OPEC+ report highlighting uncertainties in global demand growth. The energy alliance’s outlook underscored a potential slowdown in consumption, overshadowing...
Oil prices maintained their recent gains as markets weighed potential US sanctions and an updated global demand outlook from the International Energy Agency (IEA). Discussions in Washington about tighter...
Asian stock markets climbed on Tuesday, buoyed by a strong rally on Wall Street that boosted investor sentiment. Major indices across the region posted gains, with Japan’s Nikkei rising by 1.3% and Hong...
Tesla shares surged to their first record high in three years this week, signaling renewed investor confidence in the electric vehicle leader. The company’s stock closed at $305.60 on Tuesday, surpassing...
Asian stock markets gained momentum on Tuesday, spurred by lower-than-expected US inflation data that bolstered expectations for a Federal Reserve interest rate cut. Japan’s Nikkei 225 rose 1.4%, while...
Crude oil prices surged on Wednesday, with West Texas Intermediate (WTI) tapping $70 per barrel. This increase reflects growing optimism about global economic recovery and rising demand for energy.
Analysts...
U.S. stocks are facing a period of uncertainty as investors brace for critical economic data expected to shed light on the state of inflation. The highly anticipated Consumer Price Index (CPI) report,...
Asian equities saw mixed movement on Monday as traders braced for the release of key US inflation data. Japan’s Nikkei 225 edged higher, supported by optimism over corporate earnings, while Hong Kong’s...
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...
Oil market poised for excess despite OPEC+ intervention
The global oil market is expected to be in surplus, even as OPEC+ takes action to balance supply and demand. Analysts suggest that the group’s production cuts may not be sufficient to offset the...
Litecoin Price Forecast: LTC Expected to Maintain $100 Support as $10M in Leverage Is Deployed by Traders
Litecoin (LTC) has maintained its critical $100 support level, even as traders deployed $10 million in leverage, signaling confidence in the cryptocurrency’s stability. The increased use of leverage...
EUR/USD Forecast: Declines Likely to Intensify Below 1.0500: Losses could accelerate below 1.0500
The EUR/USD is teetering near the crucial 1.0500 level as bearish momentum builds amid cautious sentiment in the forex market. Continued concerns over economic slowdown in the Eurozone and hawkish signals...
Equities: Market Correction Underway – What's Next?
Global equity markets are facing a significant downturn as fears of slowing economic growth and elevated interest rates weigh heavily on sentiment. The correction, characterized by a 10% decline from recent...
Ethereum Price Outlook: Investors lock in over $2.5 billion in gains as ETH drops nearly 10%
Ethereum’s price fell nearly 10% in a sharp pullback, marking one of its steepest declines in recent months as investors cashed out over $2.5 billion in profits. The downturn comes after a period of sustained...
EUR/USD Outlook: Bearish sentiment persists beneath 1.0840
The EUR/USD pair remains constrained below the 1.0840 level, reflecting ongoing caution in the currency markets. Traders remain hesitant as economic data and central bank policies continue to shape sentiment,...
Soft inflation, policy changes support Chinese stock performance
Chinese equities climbed as softening inflation raised expectations of further policy support from Beijing. The latest economic data revealed subdued price pressures, which analysts interpret as a signal...
Should you buy Dogecoin under $0.60?
Dogecoin (DOGE), the cryptocurrency that began as a joke, has recently surged to approximately $0.45, marking a significant increase from its earlier valuations. This rise is partly attributed to renewed...
Oil industry: Rising pressure among OPEC+ nations?
Growing tensions within OPEC+ are becoming increasingly apparent as the group grapples with maintaining unity amidst challenging market conditions. Recent struggles to stabilize oil prices have exposed...
NZD/JPY Technical Outlook: Currency pair pulls back to 87.50 as downward trend continues
The NZD/JPY currency pair fell to 87.50, signaling a resumption of losses as the yen strengthened and the New Zealand dollar faced renewed pressure. The retreat follows a brief attempt to rebound, with...
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