Analyst Predicts ADA’s Potential Dwindling Stand Against Powerhouses BTC, ETH & USD!
Analyst Predicts Downtrend for Altcoin In his latest analysis for Cardano (ADA), trader and analyst Benjamin Cowen predicts that the altcoin may continue to drop in the coming weeks. This bearish outlook primarily stems from his observation that the total liquidity for the cryptocurrency market continues to decline. Projected Drop in ADA/BTC According to Cowen’s […]
Introducing the Breakthrough BRC-20 Stablecoin: A New Era of Stable USD on Bitcoin’s Network
This ground-breaking breakthrough represents an important milestone in the rapidly expanding Bitcoin ordinals ecosystem, which has already reached a half-billion-dollar total market valuation in less than six months. The new token Stably USD wants to become a go-to currency for traders dealing in the wave of innovative assets based on Bitcoin, according to issuing company […]
PBOC Boosts USD/CNY Reference Rate to 6.9158, Surpassing 6.9114 Previous Benchmark!
The People’s Bank of China (PBOC) set the USD/CNY central rate at 6.9158 on Monday, as opposed to the previous fix of 6.9114 and market expectations of 6.9159. The USD/CNY had closed near 6.9080 the previous day. China maintains strict control of the yuan’s rate on the mainland, while the onshore yuan (CNY) differs from […]
“GBP/USD Soars: UOB Predicts Potential Surge to 1.2665 – Don’t Miss Out!”
The strength of the GBP to USD uptrend could raise the price point to 1.2665 in the near term, according to economist Lee Sue Ann and markets strategist Quek Ser Leang at UOB Group. Although GBP saw a steady increase to a fresh 11 month high of 1.2599 on 03 May, with little change at […]
“UOB Predicts Diminishing Chances for More Gains in USD/JPY: Is a Reversal Imminent?”
uotes: “USD/JPY has been unable to sustain a move beyond 135.75 and the rapidly deteriorating momentum suggests that further attempts are unlikely.” – Lee Sue Ann, Economist, UOB Group “USD/JPY’s advance appears to be stalling and while the rapid loss of upward momentum does not necessarily imply a more significant top is in place, it […]
“USD Index Holds Steady: Analyzing the Unwavering Consolidation in Today’s Market!”
ains closely linked to the greenback’s fluctuations and seems to be weighed down by a host of factors, including the COVID-19 pandemics’ resurgence and rising bond yields. The US Dollar Index (DXY) has recently been trading within a range, primarily due to a lack of fresh catalysts to either push or pull. It has been […]
“USD/THB Surges: UOB Sees Impressive Near-Term Growth with Extra Upside Potential!”
ob Group in our previous note to “edge higher to 33.00 within a few weeks”. USD/THB subsequently touched 32.75 last week before settling down in a slight corrective pull-back. While USD/THB has failed to extend its advance for now, our view for the currency pair to strengthen towards 33.00 remains intact. That being said, overall […]
“Dollar-Rand Pair Predicted to Plunge in Coming Months: CIBC Reveals Exciting Forecast!”
According to analysts at CIBC, the recent issues surrounding banks, combined with high ZAR nominal yields, have led investors to abandon their assets for the safety and liquidity of the USD. This has resulted in a capital flight, with speculative investors extending ZAR shorts to all-time extremes in the wake of a record weekly ZAR […]