EUR/GBP has moved down to the 0.86 level. Economists at ING analyze the pair’s outlook.
Chainlink supply on exchanges hits six-month low, fueling LINK price recovery thesis
Chainlink (LINK) price fell nearly 11% in the past week amidst speculation of Bitcoin Spot ETF rejection by the US Securities and Exchange Commission (SEC). The blockchain oracle token’s on-chain metrics paint a bullish picture for LINK price recovery this week.
Stocks Are Dragged Lower by Share Selloff in China: Markets Wrap
Stocks in Asia were dragged down by losses in Hong Kong and China amid concern over tighter regulation on the gaming industry and fears the Chinese government’s efforts to bolster the economy are insufficient.
Gold price bears have the upper hand near two-week low amid elevated US bond yields
Gold price (XAU/USD) meets with a fresh supply on the first day of a new week and slides back closer to over a two-week low touched in the aftermath of the upbeat US monthly employment details on Friday.
Gold Price Forecast: XAU/USD could test 50-day SMA support ahead of US CPI on Thursday
Gold price (XAU/USD) comes under some renewed selling pressure on the first day of a new week and drifts back closer to over a two-week low touched in the aftermath of the better-than-expected US monthly jobs data on Friday.
AUD/JPY Price Analysis: Wraps the week with solid gains above 97.00
The AUD/JPY is set to finish the week with gains of close to 1.20%, though it remains at the brisk of getting back inside the Ichimoku Cloud (Kumo), which could pave the way for a pullback. At the time of writing, the pair trades at 97.20, posting modest gains of 0.24% after hitting a daily low of 96.83.
Winter storm threatens travel chaos on US east coast
NEW YORK: Forecasters warned on Friday that a deluge of snow and wintery conditions could bring travel chaos to the US northeast this weekend, with some 25 million people subject to a storm warning.
XLV making strong reaction higher from extreme area
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of XLV. We presented to members at the elliottwave-forecast. In which, the rally from 27 October 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the $XLV & buy the dips in 3, 7, or 11 swings. We will explain the structure & forecast below:
EUR/USD ends NFP Friday near where it started after rejection from 1.1000
The EUR/USD fell to a three-week low on Friday after European inflation rebounded higher in December, with the Eurozone Harmonized Index of Consumer Prices (HICP) for the year ended December climbing to 2.9% versus November’s YoY 2.4%. Markets were expecting a print of 3.0%, but higher inflation of any amount reduces the chances of the European Central Bank (ECB) cutting interest rates to reduce borrowing and lending costs.
Litecoin price has a long way to go before LTC attempts to tag $85
Litecoin (LTC) price has not shown strength after the January 3 crash, indicating that investors are engrossed in the newer coins. If the crypto market continues to move sideways, LTC is likely going to slide lower before any buyers show up.