News

Ethereum worth $7.5M stolen in Arbitrum-based Jimbos Protocol exploit

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Bitcoin sees capital inflow as Biden, McCarthy agree to raise US debt ceiling

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Solana price prints a bull trap for investors, 25% losses in sight for SOL

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The US debt ceiling deal is done. Here are the details

The debt ceiling charade is all over.This was the 79th time it's been raised since 1960 and the US still hasn't defaulted. Remember that next time.The ...more

Debt ceiling deal nears as McCarthy cites progress

A debt ceiling deal isn't done yet but it's safe to trade as if it is. Here are the latest comments from US House majority leader Kevin McCarthy.We do ...more

Hong Kong's crypto rules come into effect, Binance CZ finds the timing interesting

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Forecasts

EUR/USD Weekly Outlook

EUR/USD’s decline from 1.1094 continued last week despite some loss of downside momentum. Further fall is expected this week as long as 1.0830 r ...more

USD/JPY Weekly Outlook

USD/JPY’s rally continued last week and matched 100% projection of 127.20 to 137.90 from 129.62 at 140.32 already. Initial bias stays on the ups ...more

GBP/USD Weekly Outlook

GBP/USD gyrated further lower to 1.2306 last week, but recovered. Initial bias is neutral this week for some consolidations. Further decline is expect ...more

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.9072 last week but lost momentum again. Initial bias stays neutral this week first. Further rally is in favor as long as 0.8 ...more

AUD/USD Weekly Report

AUD/USD’s decline from 0.7156 resumed by breaking through 0.6563 support last week. A temporary low was formed after falling to 0.6489. Initial ...more

USD/CAD Weekly Outlook

USD/CAD’s rebound from 1.3313 extended higher last week but failed to break through 1.3666 resistance. Initial bias is turned neutral this week ...more

Technical Analysis

NZDUSD down for the 4th day in a row. Extends through swing area and looks toward 50%.

The NZDUSD has tumbled 3.6% this week with the last 4 trading days to the downside. That is the biggest move lower since September 19, 2022. This week ...more

S&P index retests its 100 week moving average and backs off

The S&P index is trading up 45.11 points or 1.08% at 4196.40. Its high price reached 4202.92. That took the price back above its 100-week moving a ...more

GBPUSD rotates back lower. 100 day MA the focus

The GBPUSD moved higher in trading today held by better-than-expected retail sales. The price extended up to and through the falling 100-hour moving a ...more

USDJPY left to right chart bias is still to the upside. 50% retracement holds support.

The USDJPY dipped to the 50% midpoint of the range since the 2022 high after breaking above that level yesterday. The corrective move dipped just bel ...more

EURUSD bias remains to the downside after US data dump

The EURUSD was moving higher in pre-data trading with the price moving toward resistance levels on the hourly chart. The US data was largely stronger ...more

The AUD is the strongest in the US dollars weakest as the North American session begins

The AUD is the strongest and the USD is the weakest as the North American session begins.. The currencies are seeing a rebound versus the greenback af ...more

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