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Bitcoin’s steady peak questions many market bottom predictions: Research

Historical Trends Since 2017 Indicate Bitcoin Price Drop to $35,000

New Insights on Bitcoin Price Cycles Recent research from Galaxy Digital indicates that a lack of speculation may lead Bitcoin’s cycle lows to be at higher price points compared to previous bear markets. The analysis suggests the potential bottom could range between $62,000 and the network’s realized price of $53,600. Alex Thorne, Galaxy’s research head, […]

US Dollar Index remains steady amid rising uncertainty over US-Iran agreement

US Dollar Index stays near 99.00 because of hopes for US-Iran peace

The US dollar (USD) remained relatively stable during Asian trading on Wednesday, even as tensions over the Iran deal increased due to recent attacks exchanged between the US and Iran. At this point, the U.S. Dollar Index (DXY), which measures the dollar’s value compared to six major currencies, is hovering around 99.25—essentially unchanged. USD price […]

New Zealand Dollar remains steady as RBNZ’s aggressive stance limits declines

New Zealand Dollar remains steady as RBNZ's aggressive stance limits declines

After recovering some earlier gains, NZD/USD was seen at approximately 0.5930 on Tuesday, showing little change for the day. The pair is having difficulty finding a clear path as investors remain apprehensive due to the ongoing confusing events in the Middle East that affect market attitudes. The New Zealand dollar (NZD) is quite responsive to […]

Currency Markets Steady Amid Uncertainty Over US-Iran Peace Agreement

Forex Today: Key pairs find stability as markets evaluate central bank policy perspectives

News Update for Wednesday, May 27th Here’s a quick look at what’s happening today. Major currency pairs are showing some fluctuations as we reach the midweek mark. Investors seem to be holding back from making significant moves, likely waiting for more clarity on a potential Memorandum of Understanding (MOU) involving the US and Iran. Later […]

New Zealand Dollar remains steady against USD as buyers overlook positive Retail Sales.

NZD/USD Price Outlook: Difficulty in maintaining position above 61.8% Fibonacci retracement near 0.5940

The NZD/USD currency pair has been fairly stable during the Asian trading session on Friday, showing little response to New Zealand’s release of encouraging retail sales figures. Currently, it’s hovering around 0.5870, which represents a slight weekly gain but hasn’t changed much throughout the day. According to Statistics New Zealand, retail sales—a key indicator of […]

Euro remains steady above 1.1600 due to strong Fed position and uncertainty over Iran deal

Euro remains steady above 1.1600 due to strong Fed position and uncertainty over Iran deal

EUR/USD Trends Amid U.S.-Iran Negotiations The EUR/USD pair held steady around 1.1625 during early Asian trading on Thursday. However, the potential for major currency pairs to gain could face challenges due to the ongoing uncertainty regarding U.S.-Iran negotiations, which may drive investors toward safe-haven assets. Later today, preliminary Purchasing Managers’ Index (PMI) figures for May […]

Swiss Franc stays steady around a multi-week low due to Fed rate adjustments

Swiss Franc stays steady around a multi-week low due to Fed rate adjustments

USD/CHF Stability Amid US-Iran Tensions During early trading on Monday in Europe, the USD/CHF pair held steady around 0.7870. This level marks the highest point since April 30, buoyed by the robust performance of the US dollar. Traders are keeping a keen eye on the escalating tensions between the US and Iran. The dollar received […]