Nigeria’s currency, the naira, plummeted to a new low against the dollar, breaching the unofficial parallel market rate on the official exchange platform for the first time. FMDQ Exchange data reveals that the naira stumbled to 1,531 per dollar on Tuesday, closing at 1,482.57—significantly below the parallel market rate of 1,460. This downturn follows the […]
Market Analysis – January 30th US30 relentless pursuit continues as sellers get a lesser advantage this week. The index price continues its relentless breakthrough in the market, with the bulls showing remarkable activity. Following its recovery, the buyers have refused to let up this week, demonstrating their determination to maintain their bullish stance. US30 Market […]
AUDJPY Analysis –January 31 AUDJPY sustains a long-term bullish trend with an unaltered market structure. The market’s projection on the daily chart is bullish. The Stochastic Oscillator indicates a high possibility of the price declining anytime soon. However, a decline is likely to only last until the sell-side liquidity below 95.840 is swept. After which, […]
NZDUSD Analysis – January 31 The NZDUSD is poised for an upward retracement due to the oversold market conditions signalled by the Stochastic Oscillator. Even though there is a possibility of a bounce, the prevailing sentiment in the broader market suggests a bearish inclination. The ongoing retracement may be followed by the potential resumption of […]
Introduction In 2018, Circle launched USDC, a stablecoin, to tap into the transformative potential of open blockchain networks. USDC, pegged to the US dollar, fuses the stability and trust of traditional currency with the agility and innovation of the internet. This report delves into the macro perspective of the USDC economy, highlighting its global reach, […]
In a tight trading range, the dollar maintained its position on Tuesday as investors eagerly awaited the Federal Reserve’s imminent decision following their two-day meeting and the impending release of the latest U.S. jobs data. Analysts widely anticipate the Fed to maintain steady rates during Wednesday’s announcement. Despite a sharp decline from 88.5% a month […]
Market Analysis – January 29th NAS100 is currently building a stronghold to tackle the selling motion that has been prevalent in the market. This week, Nasdaq has been performing well, and the buyers are regaining their confidence as they aim to launch forward. The bulls have been optimistic since the beginning of this month, and […]
Market Analysis – January 29th GBPUSD is stuck in consolidation, waiting for a breakout. The price of GBPUSD is currently in a silent phase, showing no signs of expanding. The bulls have been unable to make significant progress for months, while the sellers have struggled to achieve a solid breakthrough lower. The daily chart reflects […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – January 29 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade consistently exhibits fractal movements as it approaches an imminent breakout. USDJPY – Guide, […]
