Category: pressure
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Bitcoin Leverage Remains High – Data Reveals Selling Pressure Above $93K
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This article is also available in Spanish. After a historic rally, Bitcoin faced its first major setback, falling 7% from its all-time high of $99,800. This follows an impressive rally from $67,500 on November 5, representing a rise of almost 50% in just a few weeks. The price action was…
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Renewed pressure to ‘kerb’ young drivers …and the very old
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Why is there renewed interest from the world’s leading motoring organizations in tougher rules for young drivers? Many parents and young people The simple answer is statistics. Younger drivers, which also means newer drivers, are more likely to crash than any other clearly identifiable group. everywhere. But nothing is that…
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Can SUI Reach $2.18? Bullish Pressure Builds Toward Key Milestone
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SUI is gaining bullish strength as it heads towards a potential breakout, with a milestone at $2.1825 on the horizon. Recent market activity suggests that a rally could be on the horizon, following a strong rebound at the $1.5 support level. If the bulls maintain their momentum, the SUI path…
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Equal pay lawsuits threaten to cost retailers millions as legal pressure mounts
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Some of Britain’s biggest retailers face the prospect of paying millions in damages due to a wave of equal pay lawsuits, many of which are underpinned by controversial litigation funding arrangements. Last month saw the latest development in a long-running legal case against Asda, with tens of thousands of employees…
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FET Price Under Pressure: RSI Flags Extended Bearish Move Toward $0.966
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The FET is facing strong downward pressure as bearish signals spread, with the Relative Strength Index (RSI) indicating that further weakness may be on the horizon. The recent declines have pushed the FET price closer to key support levels, and the current RSI reading indicates a continuation of the downtrend.…
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Analysts see more drops in base interest rates amid pressure on banks
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Analysts see the Central Bank of Kenya cutting key interest rates by at least 25 basis points before the end of the year due to low inflation rates and the need to stimulate flagging economic activity. The Monetary Policy Committee, the highest decision-making body at the Central Bank of Kuwait,…
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NCBA cuts lending rates as pressure mounts on banks
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NCBA Kenya has cut lending rates as lenders respond to the Central Bank of Kenya’s (CBK) move to cut its benchmark interest rate by the biggest margin since 2020. The bank said on Friday it would cut interest rates on new shilling-denominated loans to 16.91 percent from 17.5 percent. However,…
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Taiwan’s China Airlines says no political pressure on new aircraft order By Reuters
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TAIPEI (Reuters) – Taiwan’s China Airlines is not facing any political pressure over its decision whether to buy Boeing (NYSE:) or Airbus planes to modernize its long-haul fleet, the chairman of Taiwan’s China Airlines said on Saturday. Taiwan’s largest airline was weighing the Boeing 777X and Airbus A350-1000 aircraft as…
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Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure
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This article is also available in Spanish. Ethereum (ETH) is currently trading roughly 11% below its local highs of around $2,730. Investors are optimistic about the potential price rise in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate that ETH inflows to exchanges are declining,…
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BNB and Monero face bearish pressure as investors hhift to Lunex Network presale
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. BNB and Monero face downward pressure as investors turn to Lunex Network pre-sale, raising nearly $550,000 in less than a week. Both BNB and Monero are facing strong downward…
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BNB and Monero face bearish pressure as investors hhift to Lunex Network presale
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. BNB and Monero face downward pressure as investors turn to Lunex Network pre-sale, raising nearly $550,000 in less than a week. Both BNB and Monero are facing strong downward…
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FET At Risk Of Further Decline? RSI Signals Sustained Bearish Pressure
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The recent price action paints a bearish picture for FET, with the Relative Strength Index (RSI) indicating further declines are likely. With the RSI moving into bearish territory, momentum appears to be favoring sellers, raising fears of a deeper pullback. Amidst increasing bearish pressure, attention is turning to the critical…
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Bitcoin Miner Selling Pressure Falling, Will BTC Find Support At $60,000?
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Bitcoin is selling off at writing and approaching psychological support at $60,000. From what’s clear on the daily chart, it represents a weak start to Q4 2024 – a historically bullish quarter. Bitcoin miners reduce their dumping While Bitcoin is under pressure, down nearly 10% from its September highs, it…
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GBPUSD Technical Analysis – The greenback pressure persists
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Basic overview The US dollar remains under pressure amid aggressive market pricing in interest rate cuts and a better outlook for global growth in the wake of China’s recent massive easing measures. It’s now a battle between global growth, which is fueling risk appetite and weighing on the US currency,…
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NZDUSD Technical Analysis – The USD stays under pressure ahead of the FOMC
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timiraos is…
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USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timeraos is…