ECB: The coming week is filled with a slew of catalysts that stem from a deadline for completing a bipartisan infrastructure package, persistent fears over a global delta variant, widespread inflationary pressures, central bank rate decisions, and a busy week of P&L. The main event will be the ECB rate decision and the press conference. […]
XAGUSD Price Analysis – July 18 Silver (XAGUSD) failed to break over a stiffer barrier ahead of the $26.40 region once more. On Friday, it dipped slightly lower and may remain depressed, with sellers now attempting to grab hold around the $26.00 region. The US dollar is gaining traction as a potential challenge to XAGUSD […]
USD Coin (USDC) is a stablecoin pegged to the US dollar, meaning that it performs exactly how the dollar does. The stablecoin, launched in September 2018, is a joint project between Circle and crypto giant Coinbase. USDC is an alternative to other USD-pegged stablecoins like Tether (USDT) and TrueUSD (TUSD). In summary, USD Coin is […]
Bitcoin (BTC) has recorded yet another negative mining difficulty adjustment after dropping for the fourth consecutive time yesterday by about 5%. The latest adjustment brings the mining difficulty to its lowest point since January 2020. This drop comes because of the ongoing mining facility clampdown in China over the past few weeks. With fewer computational […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL has resumed its downward move after rejection from the $77 high. WTI faces another rejection at $75 after price is corrected to the recent high. The implication is that the downtrend will continue on the downside. Meanwhile, on July 7 downtrend; […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishGBP/JPY pair has been in an upward move. The uptrend was repelled at level 156.00. The currency pair retraced to level 151.00 as bulls bought the dips. The selling pressure will resume as price retest the resistance zone. Meanwhile, on […]
The Bank of Lithuania, the central bank of Lithuania, has joined the growing list of regulatory authorities to clamp down on Binance, the world’s largest cryptocurrency exchange. The bank recently issued a warning to Binance UAB about its unlicensed investment services provided in Lithuania. The bank also “ordered the company to ensure that its publicly […]
The pullback in the Aussie and the CAD is mostly calmed as a result of this. The Yen, on the other side, appears to be easing marginally as the surge fades. The New Zealand dollar has risen sharply again today, as the highest CPI report in a decade has generated more speculation about RBNZ rate […]
EURJPY Price Analysis – July 16 On the strength of a mild selling tendency in the yen, EURJPY regains losses at the close of the week after recent pullbacks. Recovering past the 130.00 handles the overall sentiment for the cross is considered positive. The dollar continues to rise against the backdrop of improving US yields, […]
