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Known for its volatility, the digital currency market has always been exposed to both opportunities and risks. NEO, often called "China's Ethereum," has always been on this typical rollercoaster ride, experiencing sharp ups and downs. However, the cryptocurrency continues to attract attention in...
The popularity of cryptocurrencies is on the rise despite regulatory restrictions. Apart from well-known digital assets such as Bitcoin, Ethereum, and Litecoin, there are others attracting investors' attention. One of them is ZEC, which has great potential to be profitable in the long run. Zcash...
EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications. The coin is recognized as one of the leading tokens in the crypto world. Although Ethereum – the main EOS rival – is far more popular, experts emphasize...
Ripple XRP is one of the leading cryptocurrencies in the financial industry. Although the coin does not aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple's success. XRP is not just a...
Litecoin (LTC) cryptocurrency was created in 2011 by former Google employee Charlie Lee. Litecoin is based on the Bitcoin (BTC) protocol code, featuring a faster blockchain and lower reward per block. Litecoin ranks among the top 10 cryptocurrencies, second only to Bitcoin. These two digital...
Ethereum is a decentralized blockchain platform that employs smart contracts, enabling developers to create and deploy decentralized applications (DApps). Ether (ETH) is the native cryptocurrency of the Ethereum blockchain. ETH is the second largest cryptocurrency, with a market capitalization...
Bitcoin is the world's first and most popular cryptocurrency. With a market capitalization of $1.73 trillion, Bitcoin dominates the entire cryptocurrency market. Its decentralized nature and limited supply of 21 million coins make it unique, ensuring long-term demand among traders and investors...
The EURUSD is one of the major and most traded currency pairs in the Forex market. Traders analyze its future price not only for trading purposes but also to gauge the economic conditions of the EU and the US, along with the global market sentiment. Since the pair is widely traded, predicting...
A forecast for the gold price entails a comprehensive assessment of economic, political, and financial factors, as well as market trends, within the context of anticipated events and macroeconomic conditions. What are the prospects for gold in 2025? In light of the forthcoming central bank...
On December 11, 2024, the latest figures for the Consumer Price Index (CPI) in the United States were released, reflecting a modest month-on-month rise. The seasonally adjusted CPI reached 316.44 in November, up from October's 315.45. This data indicates a steady yet slight increase in consumer...
According to the latest economic data released on December 11, 2024, the United States Core Consumer Price Index (CPI) held steady at 3.3% in November 2024. This marks no change from the previous month's year-over-year rate, which was also recorded at 3.3% in October 2024.
The consistent...
Lowe's Companies (LOW) has reaffirmed its forecast for the fiscal year 2024. The company anticipates total sales to be between $83.0 billion and $83.5 billion, with comparable sales expected to decline by 3.0% to 3.5%. Adjusted earnings per share are estimated to range from $11.80 to $11.90...
The US Dollar (USD) is falling back to flat on Wednesday after the US Consumer Price Index (CPI) came broadly in line of expectations. No real outliers with the Monthly Headline Inflation coming in at 0.3% while the monthly Core Inflation measure
The NZD/USD downwards trajectory continues to test the willpower of technical traders as financial institutions have produced new long-term lows amidst obvious nervous sentiment.
The USD/ILS has displayed the ability to challenge long-term lows as behavioral sentiment in financial institutions has taken on improved perspectives and the new price realm is getting tested.
The big round number is a major pivotal point, strong US CPI data today might cause a bearish breakdown below this level in line with the long-term trend.
During my daily analysis of the major currency pairs around the world, the USD/CHF pair has captured my attention as we have seen a fairly significant bounce during the trading session on Tuesday.
In my daily analysis of exotic currency pairs, the USD/MYR currency pair has caught my attention as we are sitting between 2 of the biggest moving averages that traders follow.
In my daily analysis of the GBP/JPY pair, we have seen a lot of strength coming out of the British pound, or perhaps more to the point, we have seen a lot of weakness coming out of the Japanese yen.
During my daily analysis of Bitcoin, the first thing I noticed is that we of course are dropping again, and it looks like the $100,000 level will continue to see a lot of selling pressure.
US CPI Seen Rising From 2.6% to 2.7%; Bank of Canada Expected to Cut Rates by 0.50%; AUD/USD Reaches 4-Month Low; Cocoa Futures Hit 7-Month High Following Strong Gains
Polls universally show a statistical tie, while betting markets are a flawed political predictor due to participant bias, suggesting that we are in for a disputed Presidential election.
Will the BoC deliver a single or double rate cut? BoC announces on Wednesday, at 14:45 GMT Loonie could probably be affected One more rate cut before the year-end On Wednesday, the Bank of Canada (BoC) will make its final interest rate decision for 2024. Financial markets and economists are...
Euro’s selloff accelerated today, breaking to a new 2024 low against Sterling. The common currency also weakened notably against the Swiss Franc, even as it remained relatively steady against other peers. Market sentiment appears to be pricing in dovish guidance from ECB at its upcoming meeting...
Euro’s selloff accelerated today, breaking to a new 2024 low against Sterling. The common currency also weakened notably against the Swiss Franc, even as it remained relatively steady against other peers. Market sentiment appears to be pricing in dovish guidance from ECB at its upcoming meeting...
I posted a preview of the Reserve Bank of Australia yesterday. The TL;DR is watch the statement:
Reserve Bank of Australia meeting on Tuesday, December 10, 2024 - Statement/Bullock focus
As for China ... sheesh ... slipping back towards CPI deflation, PPI has been deflating for 26 months in...
FBS, a leading global broker, highlights the resurgence of alt-season, a phase in the cryptocurrency market characterized by the growing prominence of altcoins.
The 2024 alt-season reflects evolving trends in blockchain innovation, with projects like Fetch.ai integrating AI into decentralized...
Metaplex, the blockchain protocol used to create virtually every token, memecoin, and NFT on Solana, saw record-breaking protocol fees in November, fueled by a surge in digital asset creation on Solana.
Rise in Solana Token Creation Drives Record Protocol Growth
As the protocol behind...
2024 world oil demand growth forecast seen at 1.61 mil bpd (previously 1.82 mil bpd)
2025 world oil demand growth forecast seen at 1.45 mil bpd (previously 1.54 mil bpd)
On the changes, OPEC says that the downgrade for this year owes to more bearish data received in Q3 while the projections...
As the U.S. and North American trading session begins, broader indices are positive, and U.S. yields are rising, despite Oracle shares falling sharply in premarket trading. The drop comes after the company narrowly missed earnings expectations by a penny and reported slightly lower-than-expected...
USD/JPY is testing its 200DMA, with traders eyeing today’s US inflation report as a potential catalyst. A strong core print could ignite bond yields and push the pair higher, while a softer outcome might cool the rally and invite fresh selling pressure. Tail risks look particularly acute around...
A dovish RBA meeting and stronger US dollar ahead of a key US inflation report has kept AUD/USD pinned to a key support level. And odds of it making a meaningful this week recovery appear low, without a surprise downside miss from US CPI. Which again, seems unlikely.
By : Matt Simpson, Market...
Iron ore and copper shine as China hints at supercharged stimulus, sparking a metals rally hotter than a blast furnace. With CEWC still ahead, could this be just the start of an electrifying run higher?
By : David Scutt, Market Analyst
China’s Politburo signals “moderately looser” monetary...
China’s stock markets were given a nice bump on Monday after the Politburo announced an easing of policy stance. This allowed AUD/JPY and USD/JPY to deliver strong bounce from key support levels, as the yen weakened during a risk-on session for FX and commodities.
By : Matt Simpson, Market...
AUD/USD finds itself at a 13-month low after suffering its worst week in 19. Strong US data has propelled the USD higher while the Aussie also continues to track the Chinese yuan lower. A break of a key trendline from the 2022 low seems probable.
By : Matt Simpson, Market Analyst
The RBA is...
Crude Oil Week Ahead: The bearish outlook on oil prices for 2025 is colliding with significant Middle Eastern reforms. OPEC’s decision to extend its output cuts into 2025 has stabilized oil prices near their 4-year support zone, which will be tested this week by Chinese economic data, US...
French political chaos grabs headlines, but EUR/JPY and GBP/JPY aren’t flinching. Rate differentials are steering the ship. Are morning star patterns signalling a reversal? We break down setups cutting through the noise.
By : David Scutt, Market Analyst
Rate differentials, not politics, are...
Weak GDP figures saw interest rates traders fully price in three 25bp RBA cuts by Feb 2026. And AUD/USD could have traded much lower on Wednesday, were it not for a stronger yuan coming to the Aussies rescue later in the day.
By :Matt Simpson, Market Analyst
AUD/USD was the weakest forex major...