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NZD/USD loses ground amid risk aversion ahead of Fed interest rate decision on Wednesday. Traders expect the Fed to maintain its policy rate within the target range of 4.25%-4.50%. The RBNZ is widely expected to deliver another bumper 50 bps rate cut in February. NZD/USD continues to lose ground for the third consecutive day, trading […]
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Este artículo también está disponible en español. After starting the week with a red Monday, Bitcoin (BTC) has recovered the $100,000 zone, registering a 4% recovery from yesterday’s lows. Following its recovery, some crypto analysts suggested that BTC could be getting ready for a February pump. Related Reading Choppy January, Double-Digit February? On Monday, the […]
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EUR/CAD edges higher to around 1.5025 in Wednesday’s early European session. The cross keeps the positive outlook above the 100-day EMA with a bullish RSI indicator. The immediate resistance level emerges at the 1.5095–1.5100 region; the first downside target is seen at 1.4936. The EUR/CAD cross trades in positive territory around 1.5025 during the early […]
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Este artículo también está disponible en español. Yesterday, the NASDAQ slid 3% as China’s low-cost AI model, DeepSeek, sent shockwaves through the tech industry, triggering a steep sell-off in US chipmakers. While Bitcoin (BTC) also dipped to a low of $97,777, the flagship cryptocurrency has since recovered most of its losses, trading above the key […]
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Gold price consolidates in a narrow band on Wednesday amid mixed fundamental cues. A positive risk tone caps the XAU/USD, though sliding US bond yields lend some support. Traders also seem reluctant to place directional bets ahead of the FOMC policy decision. Gold price (XAU/USD) struggles to capitalize on the previous day’s positive move and […]
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Solana started a fresh decline below the $250 support. SOL price is consolidating and might face resistance near the $235 and $242 levels. SOL price started a fresh decline below the $250 and $240 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There is a […]
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EUR/USD could lose ground amid increased risk aversion ahead of Fed policy decision on Wednesday. CME FedWatch tool suggests nearly 100% odds of the Fed maintaining its policy rate within the target range of 4.25%-4.50%. Traders expect the European Central Bank to deliver a 25 basis points rate cut at Thursday’s policy meeting. EUR/USD halts […]
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XRP price started a strong increase above the $2.850 zone. The price is now correcting gains and showing positive signs above $3.00. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line […]
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Ethereum is experiencing a gradual recovery as its price climbs above $3,100. This marks a 2.3% increase over the past day. However, the asset remains in a state of overall decline, down 3.3% over the week. While this modest rebound offers some relief, Ethereum is still grappling with the effects of an overall bearish trend. […]
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USD/CAD tests the immediate barrier at the psychological level of 1.4400. The bullish bias persists, as the 14-day RSI remains above the 50 mark. The immediate support appears at the lower boundary of the ascending channel, near the 1.4350 mark. The USD/CAD pair maintains its position after two consecutive days of gains, trading close to […]
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