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Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum. But range-trading is more likely than a significant downtrend, for now, Societe Genrale’s FX […]
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Este artículo también está disponible en español. Ondo (ONDO) has seen a 10% surge in the last 24 hours, reclaiming key levels and attempting to break out of its downtrend while most of the market continues moving sideways. Some analysts suggest that the new crypto-friendly administration could propel the token’s price to a new all-time […]
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Bitcoin has still not become overbought according to the Mayer Multiple. Here’s the level BTC would need to breech in order to enter this territory. Bitcoin Mayer Multiple Has A Value Of 1.37 Right Now In a new post on X, the analytics firm Glassnode has discussed about the latest trend in the Mayer Multiple […]
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EUR/JPY soars to near 153.50 on stronger-than-projected Eurozone PMI growth in January. The ECB is almost certain to cut interest rates on Thursday. The BoJ refrained from committing a pre-defined rate hike path. The EUR/JPY pair rises sharply to near 153.50 in Friday’s European session. The asset strengthens on the back of strong appeal for […]
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President Trump’s comments to the Davos WEF yesterday contained much of the same as his recent pronouncements—tax cuts, lower oil prices and a demand that interest rates drop ‘immediately’. Tariffs got some airtime, but the lack of specifics remains a hindrance on the US Dollar’s (USD) performance, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD […]
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Este artículo también está disponible en español. In a recent development, crypto analyst Ali Martinez revealed that Bitcoin long-term holders have officially entered greed territory. This could benefit the price in the short term, although the long-term consequences could be severe. The greed phase suggests that long-term Bitcoin holders are now excessively optimistic about BTC’s […]
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The New Zealand Dollar (NZD) has been having a good run, Rabobank’s FX analyst Jane Folley reports. NZD/USD is likely to struggle to rally in the weeks ahead “In the year to date it is the second best performing G10 currency after the AUD. This is despite NZD/USD moving close to 0.5542 on January 13 […]
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The Canadian Dollar (CAD) is picking up a little support amid the broader decline in the USD into the end of the week but gains remain suitably measured, Scotiabank’s Chief FX Strategist Shaun Osborne notes. CAD gains modestly “Canada is clearly not off the tariff hook—and next week is likely to see the Bank of […]
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Este artículo también está disponible en español. Following Donald Trump’s inauguration on January 20th, Bitcoin (BTC) has remained range-bound, trading between $101,000 to $110,000. However, a new report by CryptoQuant states that behind this routine price action, Bitcoin ‘whales’ are quietly back to accumulating the premier cryptocurrency. Bitcoin Whales Back In Accumulation Mode According to […]
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Este artículo también está disponible en español. As the Ethereum price lingers below its all-time highs (ATHs), TRON founder Justin Sun has emerged with a bold vision aimed at revitalizing the altcoin’s value. Sun’s Vision For The Ethereum Price In a recent social post on X (formerly Twitter), Sun proposed a plan that he believes […]
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