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The Canadian Dollar (CAD) extends its losses against the US Dollar (USD) on Monday, as renewed Greenback strength and falling Oil prices weigh on the commodity-linked Loonie. At the time of writing, USD/CAD is trading around 1.3676, up about 0.44% on the day. Traders also digested the latest manufacturing Purchasing Managers Index (PMI) releases from […]
Read MoreCrypto pundit X Finance Bull has highlighted how institutions are accumulating XRP amid the crypto market crash. His comment comes amid the XRP price drop below the psychological $1.6 level, which has further sparked bearish sentiments among retail investors. Institutions Are Still Accumulating Amid XRP Price Crash In an X post, X Finance Bull noted […]
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The United States (US) Institute of Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for January is scheduled to be published today at 15:00 GMT. The ISM is expected to show that the manufacturing sector activity has started the year on a weak note. Economists expect the manufacturing output to have contracted again, but […]
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Bitcoin slid sharply over the weekend, breaking below $76,000 in thin trading and briefly dipping through the $75,000 area as selling accelerated late Saturday into Sunday. The move pushed BTC into a zone that technician Aksel Kibar has identified as a key band of horizontal support, roughly between $73.7K and $76.5K. The move didn’t come […]
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The Euro is showing a mild upside bias against the British Pound on Monday, but maintains its broader bearish trend intact. The pair trades at the 0.8665 area at the time of writing, but remains unable to take off from a key support area at 0.8645. On the fundamental front, German Retail Sales beat expectations […]
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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance […]
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The GBP/USD pair loses ground to around 1.3670 during the early European session on Monday, pressured by renewed US Dollar demand. Signs of political stability in the United States (US) provide some support to the Greenback against the Pound Sterling (GBP). Traders will take more cues from the US ISM Manufacturing Purchasing Managers Index (PMI) data […]
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Dogecoin started a recovery wave above the $0.10 zone against the US Dollar. DOGE is now facing hurdles near $0.1065 and might struggle to continue higher. DOGE price started a recovery wave from $0.095 and climbed above $0.10. The price is trading below the $0.110 level and the 100-hourly simple moving average. There was a […]
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The Australian Dollar (AUD) weakens against the US Dollar (USD) on Monday after registering over 1% losses in the previous session. The AUD/USD pair remains subdued following China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) data, which rose to 50.3 in January from 50.1 in December. This figure came in line with the expectations. The latest […]
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The GBP/USD pair trades on a flat note near 1.3695 during the early Asian session on Monday. Traders weigh what a Federal Reserve (Fed) under Kevin Warsh might look like. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. US President Donald Trump named Kevin Warsh to lead the US central […]
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