Anticipating the Crypto Market’s Performance in the Second Half of 2023
According to analysts from Adamant Research and Standard Chartered bank, bitcoin may experience a bullish run in the second half of 2023, potentially driven by increased adoption by traditional financial firms. While the entire U.S. cryptocurrency market may not follow suit, bitcoin could see a positive trend. Greater Adoption by Traditional Financial Firms Could Boost […]
GBP/JPY Forecast: Navigating Resistance Levels
The GBP/JPY pair continues its volatile movement, displaying an overall long-term upward momentum. Despite rallying above the significant ¥175 level against the Japanese yen, the market is facing substantial resistance, potentially indicating a slowdown in the British pound’s momentum. However, there is notable support beneath, attracting value-seeking buyers. The ¥175 level, previously a strong resistance […]
Two Trades to Watch: DAX and Oil Outlook
DAX Resilient Despite Manufacturing Weakness Despite losses in the previous session, the DAX index is poised for a mildly positive start as investors assess the latest data from Germany. Industrial production in Germany increased by 0.3% month-on-month in April, recovering from the 3.4% decline in March. However, concerns persist as recent German manufacturing PMI data […]
Japanese Yen’s Resilience Amid Policy Stance
The Japanese Yen has managed to surprise and intrigue market participants who were expecting a policy shift from the Bank of Japan (BoJ) with the arrival of Governor Ueda. However, Governor Ueda remains steadfast in his position that a change in policy is not imminent. Despite this, recent comments from Governor Ueda and the Japanese […]
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