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XRP is now back to trading just above the $2 level after an early January rally briefly carried its price action into the $2.40 range. The pullback has so far been controlled, with price holding above former resistance that has now turned into short-term support. A technical analysis shared on X by crypto analyst Bird […]
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Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable. He also noted that hiring remains concentrated in healthcare and AI, leaving the overall picture uncomfortably narrow, adding that demand still looks healthy, while progress on inflation will take time, keeping upcoming data […]
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As Solana (SOL) fails to reclaim a major resistance area, a market watcher suggested that the cryptocurrency is poised to retest the November lows. However, other analysts predicted that the altcoin consolidation period may end soon. Related Reading Solana Rejected From Key Area On Friday, Solana faced a nearly 4% correction after trying to reclaim […]
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EUR/USD prolonged its agony throughout the week, poising to print losses of 0.70%, as it fell 0.20% on Friday, despite the release of mixed economic data in the US. In the European Union, Retail Sales exceeded forecasts, but traders’ focus remains around the dynamics of the US and the Dollar. The pair trades at 1.1636 […]
Read MoreMy name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in […]
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USD/CAD trades around 1.3900 on Friday at the time of writing, up 0.25% on the day, supported by a combination of macroeconomic factors favoring the US Dollar (USD) and weighing on the Canadian Dollar (CAD). The Greenback finds support following the release of mixed labor market data in the United States (US). Nonfarm Payrolls (NFP) […]
Read MoreA crypto market participant has outlined a numerical comparison showing how the same investment amount could generate significantly different returns depending on whether it is placed into Bitcoin or XRP. The projection, which was shared on X and focuses on price levels and capital growth, shows how XRP has a better upside on a percentage […]
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Consumer confidence in the US improved slightly to start the year, with the University of Michigan’s Consumer Sentiment Index rising to 54 in January’s preliminary reading, from 52.9 in December. This print came in slightly better than the market expectation of 53.5. The Consumer Expectations Index rose to 55 from 54.6 in this period, while […]
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The Bitcoin price could be in for more pain as a crypto analyst has just released a gloomy short-term outlook, warning that another crash may be on the way. The analyst believes that Bitcoin’s overall market structure remains bearish. As a result, he expects the price to fall to about $76,000, representing a 20% decline […]
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Downside risk appears to be building, but any Pound Sterling (GBP) weakness is likely part of a lower range of 1.3400/1.3535, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Downside risk appears to be building 24-HOUR VIEW: “Yesterday, when GBP was at 1.3460, we were of the view that it ‘could test […]
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