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EUR/USD has extended its recovery after having advanced beyond 1.0200 in the American session. The greenback continues to weaken against its rivals amid the positive shift witnessed in market mood and fueling the pair's recovery in the second half of the day.
GBP/USD continues to trade in positive territory above 1.2100 and remains on track to post daily gains. The improving market mood is making it hard for the dollar to outperform its rivals ahead of this week's key inflation report, allowing the pair to stretch higher.
As with most stocks, the Wall Street analyst community remains staunchly optimistic with an average price target of $354.25.
We continue our deep dive series with a focus on Facebook parent Meta Platforms. We will focus as ever on traditional DCF cash flow analysis as well as a relative valuation model to forecast a 12-month price target.
Central Bankers' Panel puts Powell, dollar on top, Lagarde, euro lagging, Bailey, pound behind Premium
Football fans will have to wait until the winter to see the World Cup – but forex traders have their dream team playing in a panel already now.
Crypto markets shows strength to start the second trading week of August, and key levels have been identified. Although it's still early market, current prices may be the ultimate discount in hindsight. BTC follows through on the bullish technicals mentioned in previous outlooks. ETH continues to display strength in the market. XRP seems poised for a rally. Invalidation of the up trend is vital.
BTC reaffirms a triangle breakout to $28,000 after surpassing $24,000. Whales holding 1,000 and more coins grow to 2,051 from 2,040 in a week. Bitcoin price is required to make a daily close above $24,000 to reinforce the move to $28,000.
Dogecoin price sits on the edge of a 26.23% climb to $0.0888. Elon Musk believes DOGE has a larger total transaction capability than Bitcoin. Mark Cuban is confident that Dogecoin potentially has more applications compared to Cardano.