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 Canadian government has decided to delay its next round of retaliatory tariffs, opting for a more measured approach as trade negotiations continue. The move signals an effort to ease tensions with...
The USD/CAD pair edged lower on Thursday, approaching the 1.4300 level, as the U.S. dollar faced renewed selling pressure. Investors are closely watching the 50-day Exponential Moving Average (EMA), a...
Silver prices remained resilient above the mid-$32.00 range, despite facing some bearish pressure as traders assessed market conditions. While broader risk sentiment appeared mixed, silver’s strong safe-haven...
The Australian dollar strengthened on Thursday, gaining momentum as investor sentiment improved following Donald Trump’s latest shift in trade policy. Markets welcomed the decision, seeing it as a potential...
The EUR/JPY pair climbed past 161.00 on Thursday as investors positioned ahead of the European Central Bank’s (ECB) rate decision, with expectations running high for any signals on future monetary policy...
West Texas Intermediate (WTI) crude slipped below $66.50 per barrel, pressured by a larger-than-expected build in U.S. crude inventories and renewed trade concerns following U.S. tariff moves. The decline...
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...
Japan’s top foreign exchange diplomat, Masato Kanda Mimura, has raised concerns over a growing wave of trade protectionism, citing an uptick in tariffs and other restrictive measures. His remarks come...
The People’s Bank of China (PBOC) set the yuan’s daily reference rate at 7.1692 per U.S. dollar, a slight strengthening compared to the previous fix of 7.1714. The adjustment reflects the central bank’s...
Former U.S. President Donald Trump is working with House Republicans on a plan to extend government funding through September, aiming to avoid a shutdown as budget negotiations intensify. The move signals...
The Mexican peso extended its losses, pressured by declining inflation and increasing speculation that Banco de México (Banxico) may shift toward monetary easing. With recent data showing a continued slowdown...
The euro climbed higher on Monday after Germany’s conservative opposition secured a key electoral victory, boosting confidence in Europe’s largest economy. Meanwhile, the U.S. dollar weakened, as investors...
The US Dollar Index (DXY) fell to a two-month low near 106.20, as investor sentiment shifted amid renewed expectations for a potential shift in Federal Reserve policy. The greenback’s weakness comes as...
The US dollar continued to weaken against the Swiss franc, with USD/CHF sliding toward 0.8950, as persistent bearish sentiment weighed on the pair. Softer US economic data and speculation about a potential...
A resounding conservative win in Germany has propelled the EUR/JPY pair past the 157.00 mark, setting off a wave of market optimism. The decisive electoral outcome has rapidly shifted investor sentiment,...
The Japanese yen remains on the defensive against the US dollar, with USD/JPY holding firm as the greenback benefits from elevated Treasury yields and cautious sentiment surrounding global economic conditions....
The euro extended gains against the US dollar, with EUR/USD climbing past 1.0500, as traders reacted to the outcome of Germany’s latest election and shifting expectations for Federal Reserve policy. The...
The US dollar weakened against the Canadian dollar, pushing USD/CAD below the 1.4200 mark, as renewed speculation over potential Federal Reserve rate cuts dampened demand for the greenback. Investors are...
The Indian rupee remained steady against the U.S. dollar on Monday, even as persistent foreign outflows weighed on investor sentiment. The currency held near recent levels as traders balanced global risk...
The New Zealand dollar remained firm near 0.5750 against the U.S. dollar on Monday, supported by steady retail sales data and a cautiously optimistic outlook on China’s economic blueprint. Traders assessed...
Bitcoin recently surged to an all-time high, continuing its volatile journey as the flagship cryptocurrency. However, over the past five years, the real standout performer has been Nvidia, with its stock...
Investors debating the future of cryptocurrency investments are increasingly questioning whether Dogecoin might outperform Bitcoin in 2024. While Bitcoin remains the dominant asset in the crypto market,...
Bitcoin has stabilized near $90,000 following its most significant drop since the U.S. election period, reflecting heightened volatility in the cryptocurrency market. The dramatic decline, triggered by...
Ripple’s XRP has faced a notable decline in open interest, dropping over 10% following its recent failure to surpass the $0.7440 resistance level. This decrease in open interest, which represents...
Dogecoin (DOGE) is facing downward pressure as miners have sold approximately $240 million worth of the cryptocurrency over the past 40 days. This significant offloading has contributed to DOGE’s...
Bitcoin’s recent rally has slowed after an impressive 30% jump since Donald Trump’s election victory. The cryptocurrency recently neared an all-time high, fueled by optimism over potential pro-crypto policies...
Ripple’s XRP token is poised for a potential 50% rally as investor interest intensifies, evidenced by a significant increase in futures open interest. Data indicates that XRP’s futures open...
Dogecoin (DOGE) has experienced a significant rally, climbing 130% in recent weeks and surpassing $0.29. This surge positions DOGE as the top performer among the leading 100 cryptocurrencies by market...
XRP has rallied 23% over the past week, driven by strong investor sentiment and expectations of further price increases. This rally reflects a broader market upswing and positive technical signals that...
Bitcoin’s recent ascent has propelled the cryptocurrency market’s total value beyond its previous pandemic-era peak. The leading digital currency has surged approximately 30% since the U.S....
Asian markets opened the week on a cautious note, with South Korean stocks leading declines amid political uncertainty. The Korea Composite Stock Price Index (KOSPI) fell 1.7% as investors reacted to the...
China’s solar industry is grappling with overcapacity and plummeting prices, prompting leading manufacturers to seek strategies reminiscent of the Organization of the Petroleum Exporting Countries...
Lululemon stock surged as investors reacted to promising signs of a recovery in Q3, with the company reporting better-than-expected results. The athletic apparel giant showed resilience amid a challenging...
A Chinese stock fund has surged ahead of 97% of its competitors this year by focusing on low-valued state-owned enterprises (SOEs), reflecting a calculated shift toward overlooked segments of the market....
Oil prices remained stable on Wednesday as OPEC+ delayed yet another decision on increasing production, keeping markets in suspense. The group, which includes major oil producers like Saudi Arabia and...
Asian equities advanced, taking cues from Wall Street’s overnight rally, signaling a wave of optimism fueled by easing bond yields and economic resilience. Key indices across Japan, South Korea,...
Oil prices edged higher on speculation surrounding the upcoming OPEC+ decision on production levels, as traders weighed the potential impact on global supply dynamics. Brent crude climbed to $82.50 per...
Oil prices extended gains on expectations of an impending OPEC+ production deal and mounting supply concerns stemming from Iran sanctions. Market sentiment was bolstered by reports of productive talks...
U.S. stocks surged to record highs on Monday, buoyed by growing optimism as Federal Reserve officials signaled a possible interest rate cut in December. The major indexes climbed, with investors responding...
Oil prices climbed on Monday, buoyed by optimism surrounding China’s economic performance and market speculation ahead of the OPEC+ meeting. Investors are closely watching Beijing’s latest...
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 Struggles to Break 1.06 Barrier
The EUR/USD pair remains subdued, struggling to recover above the 1.06 mark, as market sentiment leans cautious amid mixed economic data and central bank speculation. Persistent strength in the U.S. dollar...
Dogecoin Projection: Traders Shift $380M as DOGE Tracks Bitcoin’s Pullback
Dogecoin’s market activity surged with $380 million worth of trades, mirroring the pullback seen in Bitcoin’s performance. This wave of trading follows a broader cryptocurrency market downturn, with...
USD/JPY Outlook: Possibility of Further Decline
The USD/JPY pair continues to trend lower, reflecting market concerns over potential shifts in monetary policy. The yen’s recent strength is attributed to growing speculation that the Bank of Japan (BOJ)...
SP500 Approaches $6060: What Comes Next?
The S&P 500 is closing in on the unprecedented $6060 milestone, fueled by resilient investor sentiment and a rally across tech and consumer discretionary sectors. Despite broader economic uncertainties,...
Stock Market Gradually Edges Up: Are Exhaustion Signals Present?
U.S. stocks edged higher on Tuesday, continuing a slow upward trend, though signs of fatigue emerged as trading volumes thinned. The S&P 500 added 0.2%, while the Dow Jones Industrial Average climbed...
EUR/USD Forecast: Resistance Persists Near 1.0600
The EUR/USD pair remains constrained below the critical 1.0600 resistance level, as traders digest a mix of economic data and market sentiment. Despite intermittent attempts to breach this barrier, the...
Elliott Wave: Can Bitcoin Surpass 100k Despite USD Strength?
Bitcoin is approaching a critical juncture as investors speculate whether the cryptocurrency can surpass the $100,000 mark despite a bullish US dollar. The flagship digital asset has shown resilience,...
Bajaj Auto Indian Shares Analyzed Through Elliott Wave Theory
Bajaj Auto has recently drawn attention in the Indian stock market, with analysts observing potential signals aligned with Elliott Wave theory, a popular method in technical analysis. The stock has displayed...
EUR/USD declines under 1.0550 ahead of ECB Lagarde’s speech and US PMI releases
The EUR/USD currency pair extended its decline, falling below the 1.0550 level as markets braced for critical economic cues. Traders anticipate European Central Bank President Christine Lagarde’s speech,...
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