AUD/USD extends losses towards 0.7050 amid notable USD demand

AUD/USD has eyes on 0.7050 the figure on a break of current support. The hawkish Fed outlook remains a key catalyst for the bearish daily extension amid broad risk-aversion, which boosts the US dollar demand. China Evergrande news adds to the aussie's downside. 


EUR/USD extends slide on hawkish Powell comments, trades below 1.1250

EUR/USD holds lower ground after Fed directed bears to five-week low. Bearish MACD signals, clear downside break of two-month-old.Buyers remain cautious until refreshing the 2022 peak, 61.8% FE will challenge bears past 1.1185.


Gold: Bears take profits, bulls look to $1,830

Gold is virtually flat in Tokyo following market volatility overnight. Jerome Powell surprised markets with a hawkish pivot, commenting that the Fed could raise rates at every meeting if need be. The focus is on a significant correction back towards $1,830.

Gold News

Binance Coin price needs to reclaim $414 to avoid further losses

Binance Coin price must reclaim $414 as support in order for the bulls to target higher levels. BNB may be confronted with a stiff hurdle at the 50% retracement level at $504. However, if Binance Coin fails to slice above $414, the exchange token may drop lower toward the 200 three-day SMA.

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FOMC tees up a rate hike for march

As was widely expected, the FOMC made no major policy changes at its meeting today. Specifically, the Committee unanimously agreed to keep its target range for the federal funds rate unchanged at 0.00% to 0.25%.

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Five factors moving the dollar in 2022, mainly to the downside Premium

In 2020, the pandemic outbreak initially sent it up, while optimism about the recovery turned it down. Inflation became a dominant theme in 2021, eventually boosting the greenback after a weak start. These three themes will likely continue dominating the dollar in 2022.

Top 5 cryptos to include in your Christmas wish list

Cryptocurrencies are here to make transactions easier and faster. But before you can jump right in and add any old cryptocurrency to your Christmas list, you need to understand what token you are investing in and the benefits they offer. There are five cryptocurrencies that appear to have a great future ahead.

When the facts change: US Inflation becomes the dominant economic topic Premium

Consumer prices rocketed at the fastest rate in almost four decades in November, with gains in necessities from food and gasoline to shelter and cars, leaving little place to protect the family budget. Fed officials have abandoned their claim that US inflation is a temporary phenomenon.

FXS Signals

Technical Confluences Detector

Dhwani Mehta

Gold price has paused its two-day uptrend, as bulls contemplate the next move, in anticipation of the critical Fed interest rate decision. Fed is seen hinting at a March rate lift-off while traders will closely eye any signals on the timing of the balance sheet reduction. Expectations of a hawkish Fed outcome are limiting the upside in gold price, although bulls draw support from the ongoing Russia-Ukraine geopolitical turmoil. Let’s take a look at gold’s key technical levels in the run-up to the Fed showdown.

Gold Price: Key levels to watch

The Technical Confluences Detector shows that the gold price is consolidating below a bunch of healthy resistance levels stacked up around $1,849.

At that supply zone, the previous week’s high coincides with Fibonacci 38.2% one-day.

The immediate upside meets strong offers around $1,852, the confluence of the pivot point one-week R1, Fibonacci 23.6% one-day and Bollinger Band one-day Upper.

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Decentraland price targets $2.50 to terminate downtrend

Decentraland price at an inflection point. MANA completed a 50% logarithmic retracement, fulfilling conditions for a new floor to target new highs. $2.50 is the critical resistance zone to break above to initiate a new bull run.

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Cardano bulls maintain support, ADA readies for return to $1.25

Cardano price is struggling performance-wise when compared to its peers. Bitcoin, Ethereum, and a good chunk of the altcoin market have moved into positions that precede a bullish reversal. ADA has yet to display that kind of price action.

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Solana price heads to $110 after being extremely oversold

Solana price, like the majority of the cryptocurrency market, has experienced significant loss. SOL is down 69% from the all-time high, but a sizeable retracement of that loss is coming up. Strong support was found near the $90 value area.

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Top 3 Price Prediction: Cryptos to enjoy 20% upswing

Bitcoin price action has generated a significant amount of buying during the early NY trading session, pushing higher by more than 5%. Likewise, Ethereum price has rallied over 24% from the weekly lows. XRP price continues to lag BTC and ETH in performance.

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EUR/USD: Federal Reserve between a rock and a hard place Premium

The EUR/USD pair gave up its latest gains and returned to its comfort zone, just a handful of pips above the 1.1300 figure. The pair lost the most on Tuesday when US traders returned to their desks and pushed government bond yields to levels last seen in February 2020.

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GBP/USD: Sterling set rebound with help from the Fed, ignoring Boris' travails Premium

Fear has finally arrived – inflation, aggressive policy from the Fed, China's slowing economy and Russia's potential military action. Everything supported the safe-haven dollar and contributed to a much-needed correction in the pound. The Fed decision is now in the limelight. 

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USD/JPY: The Fed’s next step is balance sheet reduction Premium

The USD/JPY moved further from its four-year high at 116.10 on January 4, dipping below 114.00 on Thursday and trading to a one-month low on Friday. Dollar weakness proliferated in spite of the diverging monetary policies of the Federal Reserve and the Bank of Japan (BOJ).

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AUD/USD: Unreliably optimistic Australian data hides a nearby crisis Premium

The AUD/USD pair is trading below 0.7200 heading into the close, unchanged for the week. The pair peaked at 0.7276 on Thursday, helped by encouraging Australian data that, nevertheless, fell short of overshadowing the greenback’s renewed bout of demand.

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Bitcoin: BTC may capitulate to $30,000

Bitcoin price has dropped considerably over the last three weeks. The recent downswing has made things worse for BTC and hints that a steep correction could be on its way.

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Gold: XAU/USD could turn south on a hawkish Fed surprise Premium

After a tarnished start to the week, gold made impressive gains, breaking above a key resistance area on Wednesday and reaching its highest level in nearly two months, near $1,850, on Thursday. From there, the yellow metal went into consolidation mode, giving back some of its weekly gains, but ended up closing the second straight week in positive territory.

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After GME reaches $86 target, where is it headed next?

GameStop (GME) stock likes volatility, and meme traders should certainly be used to it by now, but perhaps not the type that was evident yesterday. GameStop shares crashed below $100 and kept on going before a broad-based afternoon rally helped GME stock recover to close just above the psychological $100 level.


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