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 British pound slipped against the U.S. dollar on Thursday, with GBP/USD drifting toward the 1.3300 level as investors turned cautious ahead of upcoming UK retail sales figures. The data, set to be...
The People’s Bank of China (PBOC) set the daily midpoint for USD/CNY at 7.2066 on Thursday, marking a modest strengthening from the previous fix of 7.2098. The adjustment comes as authorities continue...
The New Zealand dollar weakened on Thursday, with the NZD/USD pair slipping beneath the 0.6000 mark, as traders grew increasingly cautious over signs of renewed strain in U.S.-China trade relations. The...
The Australian dollar edged lower on Thursday, pressured by persistent geopolitical tensions between the U.S. and China, which sapped market risk appetite and weighed on commodity-linked currencies. The...
The New Zealand dollar strengthened on Wednesday, with the NZD/USD pair approaching 0.5950, as the U.S. dollar lost ground and investor focus turned to the upcoming round of U.S.-China trade talks. The...
The British pound edged higher against the U.S. dollar on Tuesday, with the GBP/USD pair climbing above 1.3250 as renewed global trade tensions spurred demand for traditional safe havens and weighed on...
Bitcoin held steady near the $70,000 mark on Monday, showing resilience even as the Federal Reserve flagged concerns about the potential economic impact of new tariffs. Meanwhile, a surge in gold prices...
The New Zealand dollar edged higher against the U.S. dollar on Thursday, nearing the 0.5950 level as broad-based dollar weakness and renewed attention on U.S.-China trade discussions lifted sentiment....
Ethereum prices climbed on Thursday, supported by growing optimism around potential ETF approvals and renewed buying interest as the cryptocurrency approaches a key technical resistance zone. The rally...
The U.S. dollar edged lower against the Canadian dollar on Wednesday, approaching the 1.3850 mark after the Federal Reserve’s Beige Book report pointed to slowing economic activity across several districts....
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.2116 on Wednesday, marking a modest upward adjustment from the previous fix of 7.2074. While the move was broadly in line with expectations,...
The British pound fell below the 1.3300 level against the U.S. dollar on Monday, as renewed strength in the greenback and cautious market sentiment pressured sterling. The move marks a shift from last...
The euro declined against the U.S. dollar on Monday, slipping toward the 1.1350 level as a fresh wave of demand for the greenback pressured major currencies. The move reflects renewed confidence in the...
The British pound remained range-bound against the Japanese yen on Monday, trading near the 189.00 mark as persistent risk-off sentiment and technical weakness continued to weigh on the pair. The move...
The New Zealand dollar remained supported above the 0.5900 level on Tuesday, drawing strength from stronger-than-expected GDP figures out of China that helped bolster sentiment across Asia-Pacific markets....
The Australian dollar struggled to gain traction against the yen on Tuesday, with AUD/JPY lingering below the mid-90.00s range despite stronger-than-expected economic data out of China. The pair’s...
The Japanese yen traded near its strongest levels in months on Tuesday, buoyed by a broad decline in the U.S. dollar as investors reassessed the interest rate outlook in the wake of softer U.S. economic...
The Australian dollar held steady on Tuesday, maintaining its footing near recent highs as investors welcomed stronger-than-expected economic growth figures out of China. The upbeat data helped shore up...
The U.S. dollar held steady against the Canadian dollar on Monday, trading just below the 1.3950 mark as investors remained cautious ahead of the Bank of Canada’s upcoming interest rate decision....
The euro rose against the U.S. dollar on Monday, moving past the 1.1250 level as investors positioned ahead of key U.S. retail sales data. The advance came amid a softer dollar tone and expectations that...
In a move that could reshape the regulatory landscape for cryptocurrencies, former President Donald Trump has issued an executive order addressing key concerns in the digital asset space. The order focuses...
XRP, the cryptocurrency linked to Ripple Labs, has seen its momentum dwindle, raising concerns of a potential 20% decline in value. The market’s cautious stance stems partly from speculative interpretations...
The prospect of Ripple’s XRP ETFs gaining approval from the U.S. Securities and Exchange Commission (SEC) appears to be gaining momentum, fueled by market rumors surrounding a potential futures launch...
Toncoin is showing a strong potential for a 45% rally as market attention shifts toward privacy coins following Donald Trump’s recent discussions about a pardon for Ross Ulbricht, the creator of Silk Road....
The cryptocurrency market is poised for a potential rally after acting SEC Chair Mark Uyeda announced the creation of a specialized crypto task force. The task force aims to enhance oversight of the burgeoning...
The cryptocurrency market reached an unprecedented $3.7 trillion valuation during Donald Trump’s inauguration, driven by surging interest in Bitcoin (BTC), Solana (SOL), and XRP. This marked a turning...
Former U.S. President Donald Trump has selected Mark Uyeda, a pro-crypto advocate, as the acting Chair of the Securities and Exchange Commission (SEC). Uyeda’s appointment marks a significant shift in...
Bitcoin has seen a revival in recent trading, supported by strategic buying as investors navigate a highly volatile market. The cryptocurrency rebounded after testing critical support levels, hinting at...
TRUMP surges, makes debut on platforms like ChangeNOW, with plans for Coinbase and Binance listings.
The TRUMP token is making waves in the cryptocurrency market, securing listings on exchanges like ChangeNOW while preparing for potential launches on Coinbase and Binance. The token’s recent debut...
Litecoin’s price is showing bullish momentum, with analysts predicting a potential rally toward $150. Market excitement has surged following recent comments about the possible approval of a Litecoin...
West Texas Intermediate (WTI) crude slid to nearly $71 per barrel following former U.S. President Donald Trump’s statement that Russian President Vladimir Putin has agreed to negotiations aimed at ending...
As investors keenly await US inflation data, the DAX 40 steadies itself for potential uplift, while the S&P 500 continues its resilient ascent. Across the Pacific, the Nikkei 225 grapples with speculation...
U.S. stock futures remained flat on Tuesday as traders turned cautious ahead of a crucial inflation report that could shape the Federal Reserve’s next policy move. The Dow Jones, S&P 500, and Nasdaq...
WTI crude oil edged higher on Tuesday, approaching $73 per barrel, as concerns over potential supply disruptions continued to drive market sentiment. The rebound follows a period of volatility, with traders...
A Fresh Look at Nasdaq 100’s Path Since Our Last Update
Since our last discussion on the Nasdaq 100 (NDX) in mid-February, our analysis has closely followed the development predicted by the Elliott...
West Texas Intermediate (WTI) crude edged higher above $72 per barrel, defying broader market jitters over escalating trade tensions. Despite fears that trade disputes could weaken global demand, oil prices...
The US dollar strengthened, while Asian stocks declined as markets reacted to escalating trade tensions following the latest tariff announcement from the Trump administration. Investors moved toward safer...
Arm Holdings shares fell 3% on Thursday, despite reporting record revenue fueled by booming AI chip demand. The decline highlights investor concerns over the stock’s valuation and broader market volatility,...
FTSE 100 Hits New Record Highs
The combination of a weaker pound sterling and foreign investor purchasing has pushed the FTSE 100 to another record high on Monday.
Despite the pound’s recovery after...
FTSE 100 Targets 8,000 Threshold
Source: DailyFX
The FTSE 100 made an attempt to breach the 8,000 mark on Thursday but retreated to 7,856, only to rally again with the 8,000 level now within reach....
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: Additional Consolidation Likely Ahead
The EUR/USD pair is set to maintain its consolidation phase, reflecting a cautious market outlook as traders await further catalysts. Recent price action has shown limited volatility, with the pair trading...
Bitcoin Price Outlook: BTC Dips Below $102K Ahead of US Data and Trump’s Tariff Concerns
Bitcoin’s price has dipped below the $102,000 mark as investors brace for mid-tier U.S. economic data and potential implications of renewed tariff threats from former President Donald Trump. The...
SP500 Poised for Movement Between 6,400 and 6,500
The S&P 500 is setting its sights on a milestone range of 6,400 to 6,500, fueled by renewed investor optimism and robust market fundamentals. Analysts point to stronger-than-expected corporate earnings,...
Ethereum Price Outlook: Lido Co-Founder Suggests Second Foundation Amid Criticism of EF Leadership
Ethereum’s ecosystem may see significant structural changes following recent comments from Lido co-founder Vasiliy Shapovalov. Shapovalov proposed creating a “Second Foundation” to enhance...
SP500 Set to Reach 6,400-6,500 Range
The S&P 500 is poised to reach a new high of 6,400-6,500, driven by investor optimism and a resilient economic outlook. Analysts point to robust earnings in key sectors, a steady labor market, and...
Dogecoin Price Outlook: Bulls Eye $0.40 Amid Trump's DOGE Initiative
Dogecoin’s market momentum surged following the announcement of former President Donald Trump’s endorsement of Elon Musk’s involvement with the cryptocurrency. The endorsement has reignited speculation...
EUR/USD Price Outlook: A Tug-of-War as Dollar Weakens
The EUR/USD pair extended its upward momentum as the U.S. Dollar weakened, driven by shifting market sentiment and economic expectations. The Euro gained strength against the greenback, reflecting a recalibration...
Bitcoin Price Outlook: Could $200K Be Achievable After Trump’s Inauguration? BitDCA CTO Discusses MicroStrategy and El-Salvador Influence
Bitcoin’s potential to hit $200K is stirring debate among crypto enthusiasts and analysts following the speculation surrounding Donald Trump’s possible re-election. The BitDCA CTO highlighted the...
Ethereum Price Outlook: ETH May Fall Short of New All-Time Highs in 2025 Amid Foundation Leadership Concerns
Ethereum’s ability to achieve a new all-time high in 2025 is under scrutiny as leadership issues within the Ethereum Foundation raise concerns among investors. The cryptocurrency, which reached its...
EUR/USD Price Outlook: Short-Lived Recovery Anticipated
The EUR/USD pair rebounded slightly in early trading, supported by improved market sentiment and mild weakness in the U.S. dollar. Despite this uptick, analysts caution that the recovery may be short-lived...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
Can cryptocurrency Dogecoin make you a millionaire in 2025?
Dogecoin, the meme-based cryptocurrency, has sparked renewed debate among investors over its potential...
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...
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...
Why bitcoin, ethereum, and dogecoin popped today
Bitcoin, Ethereum, and Dogecoin saw notable gains today as broader market sentiment shifted positively....
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....
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...
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...
Should you buy Dogecoin under $0.60?
Dogecoin (DOGE), the cryptocurrency that began as a joke, has recently surged to approximately $0.45,...
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...
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...
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