Current price movements are likely part of a range trading phase likely between 0.5620 and 0.5690. In the longer run, NZD is likely to continue to rise, potentially reaching the major resistance at 0.5750, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. NZD is likely to continue to rise 24-HOUR VIEW:…
Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller’s dovish comments suggest potential for early rate cuts. Gold’s price dropped late in the North American session, but it is set to finish the…
Mexican Peso recovers as China’s 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political risks. The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and…
Pound Sterling tumbles as decline in UK Retail Sales sets stage for BoE rate cuts The Pound Sterling (GBP) falls sharply against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) reported that Retail Sales surprisingly contracted in December, another data that adds to the weak economic outlook. The…
EUR/USD dips and lands around 1.0285 amid fading upside impetus. RSI edges up, still confined in negative territory and signaling lukewarm buying interest. MACD histogram remains flat with green bars, highlighting a lack of compelling bullish follow-through. The EUR/USD pair struggled to maintain upward momentum on Friday, slipping by 0.20% to settle around the 1.0285…
TSMC’s strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal…
Silver gains positive traction for the second straight day, though the upside seems limited. The recent decline along a descending channel points to a well-established downtrend. Neutral oscillators on the daily chart further warrant some caution for bullish traders. Silver (XAG/USD) attracts some buyers for the second straight day and climbs back above the $30.00…
So What to expect from The Crypto World – BTC ? Last two months of the previous year saw some extraordinary developments when it comes to Crypto currencies – Coins. We have witnessed some mind-boggling rallies on Bitcoin, and all eyes have been glued to its performance. But there are other Coins that deserve…
NIKE has been trading bearish for the last three years, but we see it trading in a larger A-B-C correction, which can be finally coming to an end in 2025. We are actually tracking final stages of wave C of an ending diagonal/wedge pattern, where final subwave (5) can be in progress. Ideal support comes…
Join Our Telegram channel to stay up to date on breaking news coverage The Cardano price prediction shows that ADA demonstrates stability and resilience, consolidating within a range of $0.75 to $1.15. Cardano Prediction Statistics Data: Cardano price now – $0.99 Cardano market cap – $34.94 billion Cardano circulating supply – 35.15 billion Cardano total…