USD/TRY now looks to the CBRT - USDS/TRY clinches the second session in a row with gains on the back of the continuation of the bid bias in the greenback, always amidst persistent risk-off tone and helped further by rising US yields. - In the meantime, the lira is expected to remain under scrutiny ahead of the interest rate decision by the Turkish central bank...
The USD/TRY pair extended its dramatic turnaround from a record high touched earlier this week and continued losing ground through the mid-European session on Thursday. This marked the fourth successive day of a negative move and dragged spot prices to a six-week low, around the 10.20 region in the last hour. The pair, however, found some support at lower levels...
Economists look for further sharp Turkish lira depreciation. They forecast the USD/TRY above the 20.00 level in the second quarter of the year. 𝐓𝐡𝐞 𝐧𝐢𝐠𝐡𝐭𝐦𝐚𝐫𝐞 𝐚𝐟𝐭𝐞𝐫 𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬: “We think that USD/TRY will rise to 16.25 by end-Q1 and breach well over 20 in Q2. However, this is when we expect the CBRT to start tightening, which should help bring the pair down to...
The TRON (TRX) price weakened after it moved up to its year high in April but since late July it has being showing an uptick to be valued at $.013 giving it a market capitalisation of $10.42bn by 26 October. The cryptocurrency recently surpassed 58 million accounts and has announced new development projects. Data from Tronscan shows that the total number of TRON...
The market is likely to see a bit of a pullback continue, which is healthy in what has been a very strong uptrend anyway. I have no interest in shorting this market, and if it falls apart, I think that January will simply end up being at a great longer-term buying opportunity as traders will look to be putting on risk to kick off the new year as per usual. The...
Ripple’s (XRP) price could not sustain the previous session’s gains on Saturday. XRP bounce back strongly on Friday after the Russia-led war on Ukraine send shockwaves across global markets on Thursday. But the price finds it difficult to move beyond the 50-day EMA (Exponential Moving Average) as it hovers near the crucial barrier. - Ripple (XRP) edges lower on...
Gold (XAU/USD) retreats to $1,906, after refreshing multi-day high during Tuesday’s Asian session. Even so, the bullion prices print 0.15% intraday gains while poking June 2021 top amid the gradual run-up since late January. The metal’s recent rally could be linked to the headlines concerning Russia’s probable invasion of Ukraine as Moscow orders troops inside...
WTI crude oil prices remain on the front foot at around $91.45, up 1.30% intraday while consolidating the first weekly loss in nine during Monday’s Asian session. Although fears among the energy bulls could be spotted as the key catalyst for the black gold’s first weekly loss in multiple weeks, geopolitical noise surrounding Russia and Ukraine joins the OPEC+...
Bitcoin gained pace above the $42,000 resistance zone against the US Dollar. BTC is now surging and might even surpass the $45,000 resistance zone in the near term. Bitcoin started a strong increase above the $42,000 resistance zone. The price is trading well above $42,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming...
Last month, the Stellar Development Foundation (SDF) participated in a cryptocurrency hearing hosted by the U.S. House Committee on Financial Services. 𝐂𝐄𝐎 𝐃𝐞𝐧𝐞𝐥𝐥𝐞 𝐃𝐢𝐱𝐨𝐧 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐞𝐝 𝐭𝐡𝐞 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐝𝐞𝐜𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐬𝐲𝐬𝐭𝐞𝐦 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬. 𝐖𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐞𝐜𝐞𝐧𝐭 𝐧𝐞𝐰𝐬 𝐭𝐡𝐚𝐭 𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐚𝐧𝐝 𝐌𝐞𝐱𝐢𝐜𝐨 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐮𝐬𝐢𝐧𝐠 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐭𝐨 𝐫𝐮𝐧 𝐭𝐡𝐞𝐢𝐫 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬,...
“Bitcoin has reached a historical milestone, as 90 per cent of the maximum 21 million bitcoin has been mined into supply,” Marcus Sotiriou, an analyst at the UK digital asset broker GlobalBlock, told The Independent. “Bitcoin’s scarcity is one of its most attractive aspects as an investment, which is what many people, institutions and governments are starting to...
The following article contains price and date projection analysis for Ethereum price utilizing the methods of W.D. Gann and other traditional forecasting methods. The purpose is not to target a specific date or a specific price. - Ethereum price action is likely to remain bullish for the first six months of 2022. - Upside potential could more than double...
𝐓𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐨𝐟 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐦𝐨𝐯𝐢𝐧𝐠 𝐝𝐨𝐰𝐧𝐰𝐚𝐫𝐝𝐬 𝐞𝐯𝐞𝐫 𝐬𝐢𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐡𝐚𝐬 𝐧𝐨𝐰 𝐟𝐚𝐥𝐥𝐞𝐧 𝐛𝐲 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐨𝐧𝐞 𝐭𝐡𝐢𝐫𝐝 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐩𝐚𝐬𝐭 𝐟𝐞𝐰 𝐰𝐞𝐞𝐤𝐬 𝐚𝐧𝐝 𝐢𝐬 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐢𝐧𝐠 𝟑-𝐦𝐨𝐧𝐭𝐡 𝐥𝐨𝐰𝐬. There has been a broad selloff in cryptocurrencies even as stock markets were rising, which was a bearish sign on crypto, but the blow to risk sentiment we got yesterday from the hawkish surprise...
𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧 (𝐁𝐍𝐁) 𝐬𝐚𝐰 𝐠𝐚𝐢𝐧𝐬 𝐨𝐟 𝐨𝐯𝐞𝐫 𝟏𝟑,𝟎𝟎𝟎% 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐝 𝐭𝐨 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐮𝐩 𝐚 𝐦𝐨𝐝𝐞𝐬𝐭 𝟔𝟓%. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐍𝐁, 𝐰𝐡𝐲 𝐝𝐢𝐝 𝐢𝐭 𝐬𝐞𝐞 𝐬𝐮𝐜𝐡 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐠𝐚𝐢𝐧𝐬 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐝𝐨 𝐰𝐞 𝐩𝐫𝐞𝐝𝐢𝐜𝐭 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐢𝐧’𝐬 𝐩𝐫𝐢𝐜𝐞 𝐭𝐨 𝐛𝐞 𝐢𝐧 𝟐𝟎𝟐𝟐? BNB is the native token of Binance Exchange, the world’s largest exchange by daily volume that was co-founded by Changpeng Zhao in 2017. Binance has an estimated 30...
Entering the year 2022, the market sellers took an upper hand over the SAND price. The pair was rejected from the $7 mark and lost 34% of its value by dropping to the $4.48 mark. The price has recently plunged below the 0.5 FIB level, indicating the token could extend the correction phase. Previously when we covered an article on Sandbox token, this pair was...
Btc is in a bullish channel but also double top is showing up and it is possible for btc to see 20% to 30% downtrend, lets follow the trend, in my option SELLERS are getting in . Wait for the market to make its decision, have a profitable trading.
Bitcoin has experienced a deeper pullback, eventually finding support at the 38.2% retracement of the same measured move, from the July 20 low up to the November high. The bounce has seemingly been more meager, as well, with a major spot of resistance sitting overhead around the 60k psychological level. There’s also a bearish trendline in play, helping to hold...
Gold price is attempting a brief correction after falling to the lowest levels since November 4 at $1,770, as the dust settles in the aftermath of Fed Chair Jerome Powell’s hawkish tilt. Powell said that speeding up of tapering could be discussed at the upcoming Fed meeting, which shot the Treasury yields through the roof along with the US dollar. As a result, the...