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AUD/USD grinds lower past 0.7200 as coronavirus, yields favor bears at weekly low
AUD/USD consolidates recent losses around the weekly bottom, recently grinding at the intraday top near 0.7190 during Wednesday’s Asian session. Second-tier US housing data will decorate calendar but higher attention will be given to yields and Fed rate-hike expectations.
EUR/USD: Bears take a breather ahead of 1.1300 key support
EUR/USD seesaws around 1.1320-25 during early Wednesday morning in Asia, having dropped the most in 12 days the previous day. The major currency pair’s slump on Tuesday dragged MACD towards teasing the bears while breaking a two-month-long resistance-turned-support area of around 1.1380-85.
FXS SIGNALS
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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.
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REAL-TIME RATES
CRYPTO KEYS
Solana price eyes a return to $120 as confidence in SOL fades
Solana price continues to face some strong technically and fundamentally bearish scenarios. In addition, concerns about Solana’s network stability and scalability remain. Those concerns continue to weigh in on the bearish price action ahead.
MATIC on the march to $3 but must hold this support zone or face strong selling pressure
MATIC price action has fallen below the rising wedge for the second time in January; the first occurrence was on January 8. The Kijun-Sen is the final support zone, and if it fails, MATIC could drop 20%. The recent fundamentals are bullish.
Top 3 Price Prediction: Crypto market seems ready to rally
Bitcoin price continues to sit on top of the neckline of a head-and-shoulders pattern, generating anxiety amongst bulls and bears alike. Ethereum price is testing the daily Tenkan-Sen as a support zone that could turn into a higher low.