News

May 16
The dollar has fallen from two-decade highs, while the yuan has fallen due to weak Chinese data.

The dollar has fallen from two-decade highs, while the yuan has fallen due to weak Chinese data. The U.S. dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy in focus after the Chinese yuan came under pressure following weak data. Creating a risk-off mood on Monday, China’s […]

May 16
Market Analysis: Copper Nearing Next Leg Down?

Copper Prices Break Key TrendlineThe reversal lower in copper prices this year has seen the metal breaking down through several key support levels and through the rising trend line from last year’s lows. Price is currently sitting on support at the 4.1185 and with both MACD and RSI bearish, there is a risk of a […]

May 16
Market Spotlight: CADJPY Bull-Flag Trade

CADJPY On Watch Price action in CADJPY is looking interesting here. Unlike themoves we are seeing elsewhere against JPY, CAD has failed to breakdown. On the backof last week’s rally in oil prices and given the residual upside risks in theoutlook for oil, CAD looks well placed to fend off the current JPY safe-havenrally.The current […]

May 16
USDCHF Wave Analysis – 16 May, 2022

• USDCHF reversed from party• Likely to rise to 1.0100 USDCHF continues to rise after the earlier upward reversal from the strong support at parity, 1.000 (earlier resistance from the start of May). The upward reversal from the parity continues the active short-term impulse waves 5 and (C). USDCHF can be expected to rise further […]

May 16
Gold Wave Analysis – 16 May, 2022

• Gold reversed from support zone• Likely to rise to resistance level 1825.00 Gold today reversed up from the support zone located between the key support at 1790.00 (which has been reversing the price from December) and the lower daily Bollinger Band. The upward reversal from the support zone is currently forming the daily Hammer […]

May 16
Polygon and others extend helping hand to Terra blockchain projects

These efforts are sure to help get many Terra projects back on their feet following last week’s devastating events. 3314 Total views 24 Total shares Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to […]