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USD/JPY Analysis: Losses Form Major Support

USD/JPY Analysis: Losses Form Major Support

The USD/JPY exchange rate continued its downtrend ahead of upcoming interest rate decisions from the Bank of Japan and the US Federal Reserve. According to forex market trading, the pair fell to a low of 140.70 on Wednesday morning, its lowest level since January 2, 2024, and about 13% from its highest level this year. […]
The ECB And The $1.10 Level In The Euro

The ECB And The $1.10 Level In The Euro

The US dollar is narrowly mixed against the G10 currencies. The dollar bloc, Japanese yen, and Swiss franc are sporting slightly softer profiles, while the European currencies enjoy a firmer today. There is more than 3 bln euro in options struck at $1.10 that expire today that still seem to be in play. And there […]
Grayscale rolls out XRP trust in the US

Grayscale rolls out XRP trust in the US

Key Takeaways Grayscale’s XRP trust targets accredited investors, which is different from an ETF. The company has been instrumental in bringing crypto ETFs to Wall Street. Share this article Grayscale, the world’s leading crypto asset manager, is launching a closed-end XRP trust in the US, aiming to offer accredited investors direct exposure to Ripple’s XRP […]
Ethereum Price Stopped The Bullish Trend This Morning 
                    
Ethereum chart analysis
Today’s bearish picture could continue if we do not get back above the EMA 50

Ethereum Price Stopped The Bullish Trend This Morning Ethereum chart analysis Today’s bearish picture could continue if we do not get back above the EMA 50

Ethereum chart analysisThe price of Ethereum climbed to a new weekly high this morning at the $2397 level. Shortly thereafter, we saw the initiation of a bearish consolidation to the $2320 support level. With this move, we are testing yesterday’s support zone. The price has fallen below the EMA 50 moving average, which further strengthens […]
Natural Gas Commodity Elliott Wave Technical Analysis

Natural Gas Commodity Elliott Wave Technical Analysis

Natural Gas is currently recovering from its August 2024 low, but technical indicators suggest that the commodity may soon face resistance, continuing the bearish trend from its June 2024 high. This analysis will provide insights from an Elliott Wave perspective, detailing the potential for further downside and the key levels to watch in the coming weeks. Long-Term Chart AnalysisOn […]
EUR/GBP Price Forecast: Shallow Rising Channel Extends

EUR/GBP Price Forecast: Shallow Rising Channel Extends

EUR/GBP is extending a shallow ascending recovery channel that began at the August 30 lows. The overall short-term trend is unclear – both positive and negative signs complicate the picture.  EUR/GBP 4-hour Chart  EUR/GBP continues respecting the guard rails of the channel and in the absence of a breakout in either direction the it will probably […]
Low CPI Scare – Implications

Low CPI Scare – Implications

S&P 500 reacted with a brief selloff following the steep yoy CPI decline (2.5% vs prior 2.9% is pretty meaningful), only to suck in bulls for a rug pull following the opening bell. It was a steep selloff multiples of the CPI range, to which bonds didn‘t initially respond with a rally while the yen […]
EUR/JPY Forecast: Euro Continues To Lose Against Japanese Yen

EUR/JPY Forecast: Euro Continues To Lose Against Japanese Yen

The EUR/JPY pair is one I am watching very closely. This is mainly due to the fact that the market is approaching a psychologically significant figure in the form of ¥155, and that we have seen quite a bit of noise in that area previously. The question now will be whether or not the market […]
Coinbase debuts Wrapped Bitcoin on Ethereum and Base

Coinbase debuts Wrapped Bitcoin on Ethereum and Base

Key Takeaways Coinbase’s cbBTC enables millions of customers to access DeFi apps using their Bitcoin holdings. cbBTC is backed 1:1 by Bitcoin in Coinbase custody, fostering trust and liquidity in the DeFi ecosystem. Share this article Coinbase has launched a new Wrapped Bitcoin dubbed Coinbase Wrapped BTC (cbBTC), an ERC20 token backed 1:1 by Bitcoin […]
Gold Reached 2525.80, Next Move Follows, XAUUSD Analysis & XAUUSD Forecast

Gold Reached 2525.80, Next Move Follows, XAUUSD Analysis & XAUUSD Forecast

Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:58More By This Author:GOLD Targeting Next Resistance, XAUUSD Analysis & XAUUSD […]