Author: msmark

Can the U.S. initial jobless claims report spur big intraday moves for USD pairs today? Check out this potential breakout I’m watching on USD/CHF. Before moving on, ICYMI, yesterday’s watchlist checked out USD/CAD’s triangle pattern ahead of the BOC decision. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: U.S. ADP non-farm employment change at 140K vs. 149K expected, 111K previous Canadian Ivey PMI dipped from 56.5 to 53.9 in February as employment took a huge hit while prices…

And we’re off to the races for the Japanese yen. It has finally reached a point where traders are now starting to price in the BOJ’s next steps, either later this month or at the latest next month. USD/JPY has dipped much lower after the technical breakdown yesterday, tracking to near 148.00 now. So, what’s next for the pair?USD/JPY daily chartThe BOJ has gotten the ball rolling once again amid more hawkish murmurs this week. They are also touting stronger results from the spring wage negotiations and the early signs are looking optimistic.The thing about shorting USD/JPY too early was…

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum Name Service price prediction could set a bullish run if the market can attempt to climb back above the resistance level of $30. Ethereum Name Service (ENS) 2024 Price Prediction: Will GoDaddy Collaboration Propel ENS? In 2023, the Ethereum Name Service’s ENS token faced significant challenges, hitting an all-time low in June amid a market downturn triggered by the United States Securities and Exchange Commission (SEC) lawsuit against Binance and Coinbase exchanges. However, the beginning of 2024 brought a notable turnaround for ENS, as speculation…

Share: Here is what you need to know on Thursday, March 7: The European Central Bank (ECB) will announce monetary policy decisions and publish the revised macroeconomic projections on Thursday. The US economic docket will feature weekly Initial Jobless Claims, Q4 Unit Labor Costs and January Trade Balance data. Later in the American session, Federal Reserve Chairman Jerome Powell will testify before the Senate Banking Committee. ECB Preview: Forecasts from 10 major banks, not on the verge of cutting yet, June moving into focus. The US Dollar (USD) came under selling pressure during Fed Chairman Powell’s testimony before…

Euro (EUR/USD) Price, Analysis, and Chart• EUR/USD looks more comfortable above 1.08• The ECB is expected to remain ‘in no hurry’ to lower record-high borrowing costs• Fed Chair Jerome Powell is off to Congress for scheduled testimonyThe Euro rose against the United States Dollar yet again on Wednesday and seems set for a fourth straight session of gains as the market looks ahead to the European Central Bank’s next monetary-policy announcement which is due on Thursday. The ECB is expected to leave interest rates alone at record highs for the fourth straight meeting thanks to stubbornly high inflationary pressures in…

Join Our Telegram channel to stay up to date on breaking news coverage Spot Bitcoin exchange-traded funds (ETFs) created a new record with $10 billion in trading volumes as BTC surged to a new all-time high above $69,000 before slumping. BlackRock’s $IBIT ETF hit a new record with $788 million in inflows on March 5 followed by Fidelity’s FBTC with $125 million. Despite Grayscale’s $322 million outflows, spot Bitcoin ETFs recorded a total net inflow of $648 million, which is the largest single-day inflow since launch on Jan. 11. Bitcoin ETF Flow – 5 March 2024 All data in. $648m…

Polkadot (DOT) is gaining pace above the $10.00 resistance against the US Dollar. The price could extend its rally toward the $12.00 level in the near term. DOT is gaining pace above the $9.80 and $10.00 levels against the US Dollar. The price is trading above the $10.00 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $9.10 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rise toward the $12 resistance zone. Polkadot Price Resumes Rally After forming a base…

2024.03.05 2024.03.05 (TRX) Tron Price Prediction for 2024, 2025-2026, and BeyondJana Kanehttps://www.litefinance.org/blog/authors/jana-kane/Delve into the world of Tron (TRX) with our insightful forecast, guiding you through its potential stability and market movements. Through our analysis, investors will learn about TRX’s future from expert opinions and key price indicators that aim to demystify Tron’s financial journey.Investors and traders pondering “Are (TRX) Tron prices expected to go up or down?” may find solace in the forecast’s implication of steadiness. Whether you’re a budding enthusiast or a seasoned trader, this article is designed to equip you with the knowledge needed to navigate the ever-evolving…

Ethereum price extended its increase toward $3,900. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Ethereum traded to a new multi-month high above $3,880. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish flag pattern forming with resistance at $3,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,850 resistance zone. Ethereum Price Aims Higher Ethereum price extended its rally above the $3,750 level, like Bitcoin. BTC failed to extend gains above the…

China’s iron ore imports in the first two months of 2024 rose solidly, with pre-holiday restocking, higher shipments cited. China imported 209.45 million metric tons over the two-month perioda monthly average of 104.73 million tonscompared with a monthly average of 98.39 million tons in 2023these are Reuters calculations–China combined import data for January and February into one release to smooth out the impact of the Lunar New Year holidays, which fall in either January or February every year. —AUD has caught a wee tailwind from China’s data today:China is the world’s largest importer of iron ore. Australia is its biggest…