Category: Trading

The cryptocurrency market surged higher on Tuesday, adding to Monday’s partial retracement and pushing total crypto market capitalization above the $3.5 trillion level once again. This 2% daily increase was spearheaded by top-performing altcoins—Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE)—while Bitcoin (BTC) reclaimed bullish momentum following a brief dip. The article from the brokers at...

Ethereum (ETH) saw a significant rally on Tuesday, rising by 9% after the release of lower-than-expected US Consumer Price Index (CPI) data for April. The top altcoin surged from the $2,400 support level, with its weekly gains now standing at a robust 50%. This rebound has attracted widespread attention, with more analysts suggesting that Ethereum...

The Japanese Yen (JPY) continues to strengthen against the USD, marking its second consecutive day of gains on Wednesday. As the Bank of Japan (BoJ) signals potential policy normalization, the JPY remains supported, pushing the USD/JPY pair lower.  The broader market sentiment is influenced by a combination of domestic Japanese economic indicators and softer U.S....

The Indian Rupee (INR) edged higher in Wednesday’s early European session, bolstered by positive developments on the geopolitical front. Specifically, the easing of tensions between India and Pakistan and the US-China trade deal contributed to the strength of the INR. These developments have alleviated some investor concerns, driving a wave of optimism in the markets. ...

The EUR/USD currency pair is trading in positive territory near the 1.1195 level in Wednesday’s Asian session, marking a notable rebound from its earlier losses. This uptick is primarily driven by recent US economic data and geopolitical developments that have shifted market sentiment, easing concerns of a global recession and reducing the likelihood of rate...

The AUD/JPY cross is currently trading with modest losses just above the 95.00 mark, retreating from a nearly two-month high reached earlier this week. As of Wednesday, the pair was hovering around 95.15, marking a 0.30% decline for the day.  This price action follows a stronger Japanese Yen (JPY), largely driven by ongoing speculation about...

The EUR/JPY cross is experiencing a slight pullback during Wednesday’s early European session, with the pair hovering around the 164.40 level. Despite this minor retracement, the overall technical outlook remains bullish, supported by key levels and indicators that suggest further upside potential.  As we examine the current price action and the broader market dynamics, it...

The EUR/GBP currency pair is seeing renewed momentum above the 0.8400 mark in Wednesday’s early session, as investors digest a range of economic signals that suggest differing outlooks for the Eurozone and the United Kingdom.  The pair rose above 0.8415, breaking a seven-day losing streak, and is trading in positive territory, benefiting from a combination...

The gold price (XAU/USD) is currently struggling to maintain upward momentum, as it drifts lower towards its daily lows. This price action comes amid a prevailing positive risk sentiment, fueled by recent US-China trade truce optimism and supportive economic data from the US, which has led to softer demand for safe-haven assets like gold.  Despite...

The USD/CAD currency pair has remained subdued below the 1.3950 level, driven by a combination of disappointing US economic data, a softening Canadian economic outlook, and commodity-linked pressures. The pair has been hovering near 1.3930 during early European trading on Wednesday, marking the second consecutive session of weakness following the release of key economic figures....