XAU/USD Resumes Downward Trend Amid Rising US Bond Yields & Economic Uncertainty

The XAU/USD (Gold/US Dollar) pair has resumed its downward trend after experiencing a minor pullback, currently hovering near the $1,870.00 level. The precious metal has been experiencing fluctuations recently as the US bond yields continue to rise, putting pressure on non-yielding assets like gold. The Asia trading session is especially crucial for the XAU/USD pair, … Read more

Bitcoin (BTC) Denied Entry by Sri Lanka’s Central Bank Governor

An American venture capital investor, Mr. Tim Draper, tried to convey BTC to Sri Lanka, but his effort was eventually rejected. So instead, he emphasized the assimilation of BTC in Sri Lanka to assist them in countering the ongoing economic disaster. Mr. Tim Draper was in Sri Lanka to film an episode of Meet the … Read more

Hong Kong Plans to Resurrect the Crypto Industry

Hong Kong remains persistent in its pursuit of registering as Asia’s cryptocurrency hub regardless of the disastrous fall from the collapsed digital asset exchange platform FTX. According to Bloomberg, the city announced it was pursuing becoming a universal digital asset hub. Moreover, it stated that it will take note of the lessons from the fall … Read more

Bitcoin (BTC) To Be Made Legal Tender

Arizona would register as the first state in the United States to make BTC legal tender. At the end of last month, the Arizona legislature introduced a new bill to enable BTC legal tender within the United States. If the Bill is approved, Arizona will become the first United States in which BTC has legal … Read more

ETH and BTC Support Lines Under Stress Amid Federal Interest Rate Declaration

BTC has managed to revive above 23,000 dollars after dropping that level below the beginning of the week due to long investors who witnessed their position change. However, the benchmark digital asset remains highly volatile, with bearish and bullish markets struggling to control the 23,000 dollar value point. According to the Binance chart o the … Read more

Market Outlook: Gold Prices Dip Ahead of Upcoming FED Rates Decision

Gold and Upcoming FED Rates Decision Gold prices took a hit as the US dollar gained strength in anticipation of the Federal Reserve’s upcoming decision on interest rates. Analysts expect The central bank to raise interest rates by 0.25% to manage inflationary pressures and keep the economy on a stable footing. Recent economic data has … Read more

Cardano Whales Shed Their $ADA Holdings – Here’s Why

ADA’s leading wallet investors have begun redistributing to selling their holdings. Cardano whales have trimmed their balances since the ETH killer soared past $0.38 on 21 January. Cardano’s price broke out of a multi-month downward trend, and the following bullish target suggests a 10% upswing. The ETH-rival and PoS blockchain platform Cardano has seen a … Read more

GBP/JPY Exchange Rate: Understanding the Impact of Japanese Bond Yields

The British pound has been on a rollercoaster ride over the past week. The currency has seen heavy fluctuations in its exchange rate against the Japanese yen. As of now, the pound is sitting at 160 yen, but the possibility exists that it could see an increase shortly. Some experts predict the pound could reach … Read more

Ripple (XRP) Bears Back in Full Swing – 25 January Price Prediction

XRP lost 4% within the past 24 hours as bears ensured a rejection at $0.420. XRP price might dip to $0.365, according to the latest bearish signals. Upticks beyond $0.328 would cancel bearish trends in the remittance coin. Ripple (XRP) authorized last week’s bullishness as it breached the $0.420 mark. Meantime, that target zone is … Read more

January 23 Forex Signals Brief – Economic Data to Catalyze Choppy Price Action

Yesterday’s Market Outlook The initial two weeks of 2023 have seen the market adopting the stance it maintained during most of 2022’s fourth quarter. Meantime, the United States dollar re-launched its retreat as risk assets exhibit a bullish strength. That came after economic data and inflation confirmed further slowdowns. Nonetheless, the previous week saw mixed … Read more

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