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 U.S. remains committed to its current timeline for aluminum and steel tariffs, according to Commerce Secretary Lutnick, who confirmed that former President Donald Trump would not alter the schedule...
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,...
Gold prices remained firm above $2,900 per ounce, with traders holding back major moves ahead of the upcoming US jobs report, which could shape the outlook for Federal Reserve policy. The precious metal...
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 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 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...
XRP continues its upward momentum, posting significant gains even as investors lock in $2 billion in realized profits. The cryptocurrency’s rally defies selling pressure, signaling strong market demand...
West Texas Intermediate (WTI) crude remains under pressure near $66 per barrel, as uncertainty surrounding global trade tariffs and rising U.S. stockpiles weigh on market sentiment. The oil market continues...
Federal Reserve official Raphael Bostic acknowledged the economy remains in a state of flux, making it difficult to predict how conditions will evolve in the near term. His comments reflect the ongoing...
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,...
The US dollar lost ground against the Canadian dollar, with USD/CAD struggling below 1.4250, as a combination of weaker US economic sentiment and rebounding oil prices provided support for the Canadian...
The Australian dollar remains resilient, holding its ground despite a broader shift toward risk aversion, as investors weigh global economic concerns and shifting monetary policy expectations. The currency’s...
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 Japanese yen regained lost ground against the US dollar on Wednesday, with USD/JPY retreating as investors increased bets on a more hawkish Bank of Japan (BoJ) policy shift. Growing speculation that...
The British pound remained firm against the US dollar on Wednesday, with GBP/USD holding above 1.2600, supported by technical buying near the nine-day EMA. Traders remain cautious as they weigh upcoming...
The New Zealand dollar remains under pressure, with NZD/USD struggling to gain momentum below 0.5750, as risk sentiment deteriorates and investors seek safety in the US dollar. A cautious market environment,...
China’s central bank set the USD/CNY reference rate at 7.1726, a modest increase from the previous 7.1717, signaling continued efforts to manage the yuan’s stability amid global economic uncertainties....
The Australian dollar extended gains against the US dollar, with AUD/USD climbing above 0.6350, as broad-based US dollar weakness and improving risk sentiment supported the pair. Investors reacted to softer...
The US dollar gained modest ground against the Canadian dollar, with USD/CAD rising above 1.4250, as investors reacted to ongoing tariff concerns and broader market uncertainty. While the greenback has...
The British pound remains range-bound against the US dollar, with GBP/USD trading around key moving averages, as investors await policy signals from Federal Reserve and Bank of England (BoE) officials....
Solana’s native token, SOL, has experienced a sharp rally, approaching its all-time high, following reports of the SEC engaging with ETF applications tied to the blockchain. The news has reignited...
The Trump administration is reportedly exploring the creation of a new crypto policy role within the White House, signaling a potential shift in how the federal government approaches the rapidly evolving...
The cryptocurrency market reached a staggering $3.1 trillion valuation, led by major gains in Cardano (ADA), Stellar (XLM), and FLOKI. These assets saw significant upward momentum, buoyed by heightened...
Traders have shifted an astounding 6.7 billion SOL tokens, sparking fresh optimism as bulls aim for Solana’s all-time price highs. The significant movement underscores heightened activity and growing...
XRP appears poised for a significant price surge as bullish momentum gathers steam. Investor sentiment remains strong, driven by optimism around Ripple’s legal clarity and its expanding use cases...
The cryptocurrency market is buzzing as a U.S. Senator urged the Federal Reserve to consider Bitcoin (BTC) as part of its monetary strategy. This unusual proposition aims to solidify the digital asset’s...
Ethereum’s price could face downward pressure as on-chain metrics and derivatives market data signal a potential bearish trend. Recent activity reveals declining interest among investors, with reduced...
Trump Media & Technology Group (TMTG), the parent company of Truth Social, is reportedly in advanced discussions to acquire Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange...
Bitcoin‘s rally continues as the U.S. takes notable steps toward broader cryptocurrency acceptance. The recent approval of several Bitcoin-related financial products, including ETFs, signals a shift...
Bitcoin is positioning itself for a potential parabolic rise as growing interest from institutional investors stirs optimism in the market. Recent reports suggest that hedge funds, asset managers, and...
Emerging market stocks dropped sharply on Tuesday, as investors turned cautious ahead of the highly anticipated US inflation report. Despite this, many currencies across the globe saw slight gains, with...
West Texas Intermediate (WTI) crude oil remains under pressure, trading below $68.50 as market sentiment sours over weak Chinese economic data and an unexpected rise in U.S. crude inventories. Investors...
The Bank for International Settlements (BIS) has issued a stark warning to world governments, urging fiscal discipline to prevent destabilizing financial markets. According to the BIS, unchecked spending...
Asian stocks showed little movement on Monday as investors braced for a pivotal week of economic data, particularly the release of U.S. CPI figures, which could offer fresh insights into the Federal Reserve’s...
Asian stock markets experienced a notable uptick on Monday, driven by China’s commitment to implement more proactive fiscal policies and a shift towards a “moderately loose” monetary...
Korean stocks rebounded sharply on Monday, recovering some of the losses incurred during a prolonged political crisis that erased over $100 billion in market value. The recovery comes after investors grew...
West Texas Intermediate (WTI) crude regained momentum, climbing to over $68 per barrel as rising geopolitical risks in the Middle East spurred concerns over potential disruptions in global oil supplies....
South Korean stocks and the won faced significant declines on Monday as the country grapples with a deepening political crisis that is dampening investor sentiment. The Kospi index fell sharply, extending...
Asian stock markets faced downward pressure on Monday, with South Korea’s economic challenges leading the regional declines. The South Korean index fell sharply, driven by weak consumer sentiment...
Oil prices showed mixed performance on Monday as escalating Middle East tensions clashed with concerns over global demand. Brent crude edged up by 0.2%, trading at $80.45 per barrel, while WTI futures...
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...
Ethereum Price Prediction: ETH approaches record highs, sees unmatched ETF inflows and greater demand than Bitcoin
Ethereum’s performance has surged as the cryptocurrency nears its all-time high, drawing increased investor attention. Record ETF inflows signal a strong institutional appetite, with Ethereum now...
Currency Market Chaos: Japanese Wage Data Influences BoJ Policy Speculation
Japan’s latest wage data has reignited speculation about a potential shift in monetary policy by the Bank of Japan (BoJ). Higher-than-expected wage growth, a key factor for the central bank’s...
Ethereum Price Outlook: ETH Surpasses Major Obstacle as ETF and Staking Capital Inflows Rise
Ethereum has surpassed a critical resistance level, buoyed by rising optimism surrounding potential ETF approvals and an increase in staking inflows. The cryptocurrency’s price action reflects growing...
Euro-Dollar Outlook: Targeting the 1.0600 Level
The EUR/USD pair edged closer to the 1.0600 mark amid sustained dollar strength, reflecting investor caution over the Federal Reserve’s hawkish stance. Persistent U.S. economic resilience and higher...
Solana Price Outlook: Investors Pull $500M SOL as Bitcoin Crosses $100K
Investors have unstaked $500 million worth of Solana (SOL), sparking concerns over potential market turbulence. The unstaking coincided with Bitcoin reaching an all-time high of $100,000, a psychological...
Junior Gold Miners (GDXJ) Pullback Appears to Have Concluded
The VanEck Vectors Junior Gold Miners ETF (GDXJ) has rebounded, signaling the end of its recent correction. The ETF, which tracks small-cap gold mining companies, had faced significant volatility as gold...
Gold stocks and Gold – observing the broader trend
Gold stocks are maintaining resilience as investors evaluate broader market conditions and geopolitical tensions. Gold prices, often seen as a haven during economic turbulence, have shown modest movements,...
EUR/USD Price Outlook: Limited upward potential constrained by 1.0600
The EUR/USD pair faces persistent resistance near the 1.0600 level, with upside momentum losing steam amid a cautious market environment. Recent data indicates limited support for the euro, as market participants...
US stock markets climb as S&P 500 hits new all-time highs
US equities rallied on Tuesday, marking a significant milestone as the S&P 500 reached fresh all-time highs. Gains were driven by strong investor confidence and robust performances in technology and...
Ethereum Price Outlook: Whales could drive ETH to challenge $4,868 all-time high resistance
Ethereum (ETH) is regaining momentum as significant market players, known as whales, exhibit increased buying activity. Analysts suggest this surge in accumulation could drive Ethereum closer to testing...
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