Category: Watch
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Premium Forex Watch Recaps: May 20 – 23, 2024
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Central bank events and global PMIs were the main drivers this week, prompting our traders to cover a wide range of currencies, with a heavy focus on the US dollar. Out of six discussions, Three scenario/price forecasts saw both financial and technical arguments raised To become a potential candidate for…
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These Are This Week’s Top Performers as Bitcoin (BTC) Price Maintains $69K (Weekend Watch)
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Bitcoin, along with the rest of the market, had a very beneficial week driven by the hype and actual approval of Ethereum ETFs in the US. The weekly gauge shows that UNI, PEPE, LDO, and ETH are among the leaders in terms of gains from the largest altcoins. BTC weekly…
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Tons of Volatility Amid SEC’s Ethereum ETF Approval: BTC and ETH Drop by 4% (Market Watch)
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The cryptocurrency market appears to be quite vulnerable to ETF approvals, and the past 24 hours have brought further enhanced volatility to the entire sector. After the hype has settled since the start of the work week, the largest cryptocurrencies, including one that got the green light from the Securities…
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ETH Maintains $3.8K Price Ahead of SEC ETF Decision, BTC Slips Below $70K (Market Watch)
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Bitcoin price action has calmed over the past day after rising to $72,000, and the asset has lost some ground since yesterday, as it currently sits below $70,000. Ethereum continues to present a strong front as anticipation grows for today’s SEC decision regarding an ETH ETF. BTC slides below $70,000…
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ETH Maintains $3.8K Price Ahead of SEC ETF Decision, BTC Slips Below $70K (Market Watch)
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Bitcoin price action has calmed over the past day after rising to $72,000, and the asset has lost some ground since yesterday, as it currently sits below $70,000. Ethereum continues to present a strong front as anticipation grows for today’s SEC decision regarding an ETH ETF. BTC slides below $70,000…
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America Will Be A ‘Nation Of Renters’ As Prices Soar Beyond Wages Under Biden’s Watch, Says Grant Cardone
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America will be a ‘nation of renters’ as prices rise beyond wages under Biden, says Grant Cardone Under the Biden administration, the gap between US wage increases and rising rental costs has widened, with real estate tycoon Grant Cardone attributing the disparity to current federal economic policies. While 1.2 million…
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FX Watch: EUR/NZD’s Resistance Area Ahead of RBNZ’s Policy Decision
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EUR/NZD is approaching the technical resistance area! Will the pair continue its downward trend this week? Or will the RBNZ policy decision inspire a bullish breakout for its Kiwi counterpart? While we did not see market catalysts yesterday, commodity-related currencies such as the New Zealand dollar fell against their counterparts…
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FX Watch: GBP/USD to Extend Its Uptrend After the U.K. CPI Release?
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In case you missed the latest weekly FX market summary, Uncle Sam’s slightly weaker economic data has traders holding off on a rate hike or even a rate cut from the Fed. Fortunately for USD bulls, Fed members also came out and hinted at a “higher for longer” interest rate…
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Watch Out Boomers, the Gen T Retail Traders Are Coming
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In a recent study conducted by Charles Schwab in the UK, a striking generation gap emerged among UK retail investors, revealing that Gen Z and millennial investors are adopting more active and open investment strategies than their older counterparts. Dedicated Forex cloud solutions with stable and fast cross-border connections capable…
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Top cryptocurrencies to watch this week: SOL, BONK, FTM
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Top cryptocurrencies showed a strong recovery last week. The global market value increased by 7% to reach $2.41 trillion. This increase reflects a $160 billion increase in valuation, driven by significant gains in most leading cryptocurrencies. Here are our picks for the top cryptocurrencies to watch this week: SOL, BONK…
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Premium Forex Watch Recaps: May 13 – 17, 2024
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Global inflation updates and Fed talk were the main drivers this week, with a few high-level country-specific economic events creating opportunities as well, including Australian jobs data and the US CPI. Out of six discussions, Only two scenario/price forecasts saw both financial and technical arguments raised To become a potential…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
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Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
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Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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Fed minutes the big one to watch on the economic calendar next week
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And on days when we don’t get any big data, it can be a bit slow and uninspiring. So far today, we are at least seeing the dollar making a nice push higher. This has been helped by Treasury yields maintaining a bounce at a key technical juncture as noted…
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Can XRP Price Maintain Momentum? Key Levels to Watch in the Short Term
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XRP price is trying a recovery wave from the $0.4865 support level. The price may gain upward momentum if it crosses the $0.5120 resistance level. XRP remained stable and started a recovery wave above $0.500. The price is now trading above $0.5050 and the 100 hourly simple moving average. There…
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Here Are The Bitcoin Layer 2s To Watch Out For, According To Grayscale
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Crypto asset management giant Grayscale says there is a “renaissance” in Bitcoin development, with several new layers (L2s) worth keeping an eye on. In a new report to investors, Grayscale analyst Michael Chow discussed how these technologies could bring new use cases to Bitcoin and foster more market demand for…
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FX Watch: GBP/USD’s Downtrend Opportunity Ahead of the U.K. Jobs Report
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The pound is testing downside resistance levels ahead of UK labor market data! If you’ve read our latest Weekly Forex DigestYou will know that the US dollar has found some support as more Fed officials announced that they are in no rush to cut interest rates soon. Meanwhile, at least…
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Top cryptocurrencies to watch this week: ETH, BOME, HNT
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Last week, volatility in the cryptocurrency market led to a staggering $100 billion loss. This decline was reflected in the global cryptocurrency market capitalization, which fell by 4% to $2.36 trillion at the time of writing. Here are the top cryptocurrencies to watch over the next few days. Ethereum It…
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Premium Forex Watch Recaps: May 6 – 10, 2024
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Market volatility has calmed over the past week, but there were some key events that had the potential to generate strong short-term opportunities, including two events related to central bank policy. Out of six discussions, Only one scenario/price forecast saw both financial and technical arguments being raised To become a…
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Bitcoin Unable to Recover Decisively, Ethereum Consolidates Below $3K (Weekend Watch)
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The cryptocurrency market has calmed down significantly over the past 24 hours, halting the downward attack and finding some consolidation in the process. Bitcoin is trading at around $61,000 on Sunday morning, while Ethereum is now firmly below the $3,000 pivot level. Are the Bitcoin bulls regrouping? like CryptoPotato As…