Forecasts & Analysis
Gold Price Forecast XAU/USD – Weak NFP Data Will Support Case for Fed Ending Rate Hikes in March
Friday’s nonfarm payrolls report will be the next major test of the Fed’s fight against inflation.
U.S. Dollar Index (DX) Futures Technical Analysis – Bears Hoping for Signs of a Loosening Labor Market
The dollar reversed early weakness to close higher on Thursday after traders took a dovish cue from policymakers at the ECB and the BOE.
AUDUSD Forecast – Momentum Trending Lower Ahead of NFP Report
A weaker-than-expected Non-Farm Payrolls report will support the case for the Fed’s early exit from its rate hiking campaign in March.
ETH to Retarget $1,750 on US Jobs Report and Shanghai Hard Fork News
It was a mixed start to the day for ETH and BTC. While Shanghai hard fork news will influence, corporate earnings and US stats will also provide direction.
NZD/USD Forex Technical Analysis – US Non-Farm Payolls Data Sets the Tone with Focus on Hourly Wage Inflation
A weaker-than-expected NFP report will support the case for the Fed to end its rate hiking cycle in March. This could fuel a rally in the NZD/USD.
SHIB Sees $0.000014 Come Into View on Shibarium Upgrade Sentiment
After a mixed Thursday, DOGE and SHIB were on the move this morning. Expectations of improved networks and increased adoption remain tailwinds.
USD/JPY Forex Technical Analysis – Weak NFP Figures Could Trigger Break into 127.227 – 126.362
The U.S. Non-Farm Payrolls report is expected to show 185,000 jobs were added to the economy last month, the lowest amount since January 2021.
ADA Price Prediction: TVL and IOHK Updates to Deliver $0.420
It is a busy day ahead for ADA. Network updates and stablecoin news will continue to influence, while US corporate earnings and US stats will draw interest.
XRP Bulls Eye a Return to $0.42 to Target $0.45 on Bullish Sentiment
XRP had a mixed start this morning. While US economic indicators and corporate earnings will influence, the SEC v Ripple case remains the key driver.
Hang Seng Index, ASX200, Nikkei 225: Hang Seng Takes a Tumble
It has been a mixed morning for the Asian markets. Despite upbeat services PMIs, the Hang Seng Index hit reverse, with mining stocks pegging back the ASX.