Forecasts & Analysis

Following a mixed Sunday session, BTC and ETH found early support today. However, it could be a choppy afternoon session, with Genesis in the spotlight.

ADA was on the back foot this morning, with investors likely locking in profits after a four-day winning streak. However, network news supports further gains.

Gold traders expect the U.S. central bank to slow the pace of its rate increases at the Jan. 31 – Feb. 1 policy meeting to 25 basis points.

A bullish start to the day sets the GBP to USD on target for a five-day winning streak. However, a quiet economic calendar leaves risk appetite to influence.

It has been a bullish start to the week for the EUR/USD, which visited $1.09 for the first time since April as investors reacted to a Reuters poll on ECB policy.

Buyers are also taking advantage of thin trading conditions due to the celebration of the Chinese New Year.

DOGE and SHIB were back on the move this morning. After a bullish Sunday, network updates, listings, and increased adoption continue to deliver support.

On Friday, the Forex pair rose sharply as the BOJ Governor repeated the central bank will maintain its ultra-loose monetary policy.

Following a bearish Sunday, XRP was on the move this morning. Optimism toward the SEC v Ripple case continues to deliver price support at current levels.

Downbeat U.S. economic data as well as predictions calling for a relatively small 25-basis point rate hike by the Fed is supporting the NZD/USD.