Bitcoin (BTC), Ethereum (ETH), Coinbase (COIN) – Prices, Charts, and Analysis:Bitcoin – Bullish descending channel breakout.Ethereum – Moving higher but still underperforming.Coinbase – Moving higher on increased market turnover. Bitcoin has rallied by around 12% since Sunday’s opening print as demand for the largest cryptocurrency by market cap continues to increase prices. A technical, bullish
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Gold Price and AnalysisGold’s backdrop remains positive and may lead to further gains.Retail trader positioning is 50/50. Last week’s rally saw gold post a fresh record high before a sharp sell-off left the precious metal relatively unchanged on the week. Last week the Federal Reserve gave markets a nudge that they are likely to shave
GBP/USD Price and AnalysisGBP/USD edged back above the 1.2600 line.Markets are pretty sure US rates will start to fall in June.US Durable Goods orders will be the next trading hurdle. The British Pound inched back above the 1.26 mark against the United States Dollar in Monday’s European session as expectations of June interest-rate cuts sent
Japanese Yen (USD/JPY) AnalysisBoJ minutes extend the ‘carry trade’ as officials rule out rapid rate hikesLike clockwork, Japan’s top currency diplomat voices dissatisfaction with recent yen volatility, weaknessIG Client sentiment ‘mixed’ despite massive short positioningThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our
Gold Whipsaws and Signals a Potential Momentum ShiftThe precious metal rose phenomenally in the wake of the FOMC meeting and updated summary of economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on the higher
Most Read: U.S. Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHFThe U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 basis points
Brent Crude Oil News and AnalysisOver 150 missiles and drones fired in latest attack on UkraineOil prices ease into the weekend despite attacks on energy infrastructureIG client sentiment focuses on recent changes in positioning to arrive at bearish biasThe analysis in this article makes use of chart patterns and key support and resistance levels. For