Ethereum experiences price correction following a 22% rally within five days. The retracement will offer interested market players the last buy opportunity before the al skyrockets 33% towards $5,662. Meanwhile, breaking under…
Category: Markets
The Pound/Dollar Is Expected To Enjoy A Short-Term Comeback From The 1.3250 Support Level
On the back of the risk-off sentiment, the Cable has fallen below 1.33. The next level of support is located at the 1.3250 level. As long as the pair maintains its current…
EUR/USD Reclaims Some Momentum At 1.1370, Eyes On Data
On Tuesday, the single currency tries a modest recovery against its American counterpart and succeeds to raise EUR/USD to the 1.1380/85 zone. Following four straight daily pullbacks on Tuesday, the EUR/USD has…
Weekly EUR/USD Review: Dollar Comes Back Via “Temporary” Inflation
When the US Federal Reserve delivered its latest fiscal decision early in November, Powell stated that present inflationary pressures are “infuriating.” The US CPI touched a 31-year high of 6.2% YoY in…
The AUD/USD Is Trading With Minor Losses Near The 0.7500 Line, But There Is No Follow-Through
As the European session began to wind down, the Australian dollar recovered a few points and was recently observed trading with very small intraday losses, near the important 0.7500 psychological mark, at…
USD/JPY Maintains A Trading Range Over 114.00, With Bullish Efforts Blocked At 114.30
Despite maintaining a mild bid undertone on Tuesday, the Greenback is continuing to climb away from the 113.40 low it reached last Friday. In response to the relatively secure Yen weighing on…
EUR/USD Appears To Be Offered, But Wanes Again Towards 1.1670
The Euro is now under a selling strain, forcing EUR/USD down to 1.1640 on Thursday. With the EUR/USD having made three successive daily advances, the pair has now given up a portion…
Cryptocurrencies with Highest Market Capitalization Making
The last week has proven to be full of surprises and excitement for the entire cryptocurrency industry. The running week is turning out to be even better back in the running week,…
GBP/USD Weekly Review: Sterling Brightens, UK Inflation Vital To Bigger Growth
Brexit continues to hammer the Pound, but recent news has aided Sterling’s rise. Inflation fears and a mild Fed reduction plan did not halt cable’s rise. The BOE’s next move may be…
USD/JPY Declines Off Multi-Day High But Sustains 111.00
Despite dropping a significant portion of its daily gains, the USD/JPY pair was last seen moving only a few points above the mid-111.00s, which corresponded to four-day highs. Concerns that the continued…
Tesla Stock Price Projection: TSLA Green Vs. Market Red
Just as the stock market crisis remained uninterrupted on Monday, Tesla shook its shoulders and carried on with its business, as usual, relentlessly driving its stock price higher and higher. In addition…
WTI Cost Analysis: Bulls Eye $76.50 Barrier
WTI is making moderate advances, dabbling with the $75 line, as bulls wait for a significant trigger to launch the next bold effort. After receiving positive news about China Evergrande and seeing…
Prior to US CPI, XAU/USD May Reach an Intraday Dip of $1,790
Gold prices began the European trading day falling, touching a fresh daily decline of $1,788 in the past hour. In turn, prospects for a near-term Fed taper declaration together with a little…
Expectations Around The Markets This Week
The rise in global stock markets meant that the bulls were completely controlling the financial market in the last week. On the US stock market, the Dow Jones, Nasdaq Composite, the S&P…
