Forecasts & Analysis |

ETH enjoyed a rebound on Thursday. Former Fed Chair Janet Yellen and staking inflows ahead of the Shapella upgrade provided support.

XRP enjoyed a breakout Thursday, with the SEC v Ripple case drawing plenty of interest. For the day ahead US stats and Court rulings would influence.

BTC enjoyed a breakout session on Thursday, courtesy of US Treasury Secretary Yellen. US economic indicators could test investor appetite this afternoon.

Private sector PMIs for March weighed on the AUD/USD this morning. Throughout the day, weaker PMIs from Europe and the US could test buyer appetite.

Today’s EIA report could be the source of volatility, where survey averages suggest a draw of -71-76 Bcf, larger than the 5-year average of -45 Bcf.

After a Wednesday Powell-fueled sell-off, the crypto market was on the bounce. However, SEC activity intensified this week.

The Fed’s hints of future increases caused a sharp decline in the S&P 500 Index, reflecting concerns about inflation and banking sector turmoil.

Gold prices strengthen as the Fed hints at pausing interest rate hikes, making it a more attractive investment option amid economic uncertainties.

The DAX futures point to a bearish start to the day as investors respond to the Fed policy decision and Powell press conference on a quiet European session.

It was a mixed morning session, with the Hang Seng Index bucking a bearish trend as investors considered the latest Fed policy move and forward guidance.