Interesting Divide Between Markets’ and Our Interpretation on Fed

Despite the cooling labour market in the US and declining inflation, the American currency continues to move towards new highs. For instance, the USD/JPY currency pair might update the current month’s high at 156.70, the NZD/USD sharply declines after retesting 0.6140, and buyers of the USD/CAD pair have confidently secured a position above 1.3600. USD/CAD […]

ETHUSD ascends sharply, touching 4,000 psychological mark Momentum indicators are deep within overbought zones Risk of a pullback is high given the overstretched rally ETHUSD (Ethereum) has been in a steep uptrend, surging to consecutive multi-month highs. However, traders should not rule out an impending downside correction as the short-term oscillators are flagging extremely overbought conditions. […]

Market picture The cryptocurrency market hit new highs on Monday, reaching a capitalisation of $2.5 trillion. Profit-taking was evident at the start of the active trading session in Asia on Tuesday. But before this, the market lacked enthusiasm. Bitcoin peaked at $68,789, just $122 below its historical high. This is before the halving and before […]