Litecoin Price Forecast: LTC reveals second opportunity with 18% upside Litecoin price steadies at the 78.6% Fibonacci retracement level after nine consecutive down days. On July 21, LTC records the best day since the May 31 gain of 10%. The digital asset is positioned below the 50-week simple moving average (SMA), forecasting a challenging long-term...
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC at the moment of a legitimate trend change Bitcoin price on course to close the week higher and above the strategically important 50-week simple moving average (SMA) at $32,290. Ethereum price acknowledging the resistance specified by the 200-day SMA at $2,094. XRP price recovers the 50-week SMA...
US Treasury Sec. Yellen: Urging Congress to act as soon as possible on debt limit In a statement published on Friday, US Treasury Secretary Janet Yellen urged Congress to act as soon as possible on debt limit, as reported by Reuters. Additional takeaways “US will meet statutory limit on debt on August 1.” “Treasury will suspend the...
United States Baker Hughes US Oil Rig Count increased to 387 from previous 380 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these...
FOMC's Powell to communicate recovery remains on track despite Delta variant – TDS Previewing next week’s FOMC meeting, TD Securities analysts said that they expect Chairman Jerome Powell to communicate that the recovery remains broadly on track and that more progress is expected despite growing concerns from the coronavirus Delta variant. Key quotes “Powell will...
US GDP to grow by 9.5% in the second quarter – RBC Previewing next week’s key macroeconomic events in the US, economists at RBC Economics noted that they expect the US Bureau of Economic Analysis’ initial estimate to show the US economy has expanded by 9.5% in the second quarter. Key quotes “As the economic reopening gets...
AUD/USD steadies around 0.7370, looks to close fourth week in the red AUD/USD lost its traction after edging higher toward 0.7400. AUD/USD looks to close fourth straight week in the negative territory. US Dollar Index holds near 93.00 after mixed PMI data. The AUD/USD pair climbed toward 0.7400 during the European trading hours but lots...
USD: Driver of DXY rally switches from yield spreads to risk sentiment – MUFG Analysts at MUFG Bank, expect the US dollar to remain bid in near-term but concerns over global growth and a tighter Federal Reserve policy should ease later this year. They mentioned the US dollar Index (DXY) rally is approaching key resistance...
FOMC Preview: The hiking cycle is still far away – Rabobank While inflation is seen as an upside risk to the projected hiking cycle, COVID-19 and its mutations are a downside risk. Analysts at Rabobank point out there is no update of the dot plot this month, so officially the median FOMC participant will still...
AUD/NZD: Divergence between Autralia and New Zealand to favor the downside – MUFG The Australian dollar is facing increasing bearish risk as zero-covid policy could weigh on growth, reinforcing the divergence with the New Zealand dollar, explained analysts at MUFG Bank. They have a trade idea of shorting AUD/NZD with a target at 1.0250 and...