Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.
The Euro appreciates sharply on Friday, reaching session highs above 183.60 after bouncing from three-week lows at 182.63, to retrace most of the weekly losses.
Euro (EUR) could edge lower and the major support at 1.1650 may be tested. In the longer run, price action suggests EUR could decline to 1.1650; it is too early to determine in if it could maintain a foothold below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Algorand (ALGO) price steadies around $0.136 on Thursday, nearing a key support level; if it holds, it suggests further upside. Bullish sentiment strengthens as ALGO’s on-chain and derivatives data indicate improving trader sentiment.
EUR is likely to edge lower, but any decline is unlikely to reach the major support at 1.1650. In the longer run, bias remains tilted to the downside, but EUR must close below 1.1680 before a move toward 1.1650 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Gold price (XAU/USD) rallies on Tuesday for the fourth straight day, shy of reclaiming the $4,500 figure even though US Treasury yields rise along with the Greenback, which is also gaining 0.20%. At the time of writing, XAU/USD trades at $4,487, up nearly 1%.
Euro (EUR) appears to have entered a range-trading phase between 1.1695 and 1.1750. In the longer run, bias remains tilted to the downside, but EUR must close below 1.1680 before a move toward 1.1650 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Euro (EUR) could edge lower, but any decline is unlikely to threaten the major support at 1.1680. In the longer run, the bias for EUR is tilted to the downside toward 1.1680, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest (OI) rising and long bets increasing among market participants.
The highlight of the day was the Federal Open Market Committee (FOMC) Minutes of the December meeting released in the American afternoon. The Minutes showed that most participants are willing to deliver additional rate cuts if inflation declines over time.
This week's highlight will be the release of the minutes of the Federal Reserve's (Fed) December meeting, in which the central bank decided to cut its benchmark rate by 25 basis points and signal another rate cut in 2026.
Shiba Inu (SHIB) price remains under pressure, trading below $0.000070 on Wednesday as bearish momentum continues to dominate the broader crypto market.
Dogecoin (DOGE) is trading within a falling wedge pattern at around $0.13 on Tuesday, and a breakout of this pattern favors bulls.
US Dollar Index (DXY) expectations for a dovish Federal Reserve (Fed) monetary policy path into 2026 weigh on sentiment. The US Dollar Index (DXY) trades around 98.30, retreating after climbing to a one-week high on Friday.
Bitcoin (BTC) continues to consolidate after recent losses, holding around $87,000 on Friday. Weakening spot Exchange-Traded Funds (ETFs) demand continues to pressure the market, while Strategy adds another 10K BTC this week.
EUR/USD retreated on Thursday after a busy economic docket on both sides of the Atlantic. A benign inflation print in the US and the European Central Bank (ECB) keeping interest rates unchanged at the last meeting of the year, barely moved the needle for the single currency.
Here is what you need to know on Friday, December 19:
Here is what you need to know on Thursday, December 18:
Here is what you need to know on Thursday, December 18:
The US Dollar Index (DXY) tumbled below 98.00 on Tuesday, reaching its lowest level since mid-October. The Greenback faced intense selling pressure following a delayed labor report that revealed a significant softening in the US job market, overshadowing weak economic activity data from Europe.
Cardano (ADA) is trading under pressure at the time of writing on Tuesday, as sellers remain dominant in the broader cryptocurrency market. The smart contract token’s recovery potential has remained a pipe dream since the October 10 flash crash, despite support at $0.3707-$0.3775 holding steady.
The US Dollar Index (DXY) declined sharply following the Fed's policy announcements last Wednesday and closed a third consecutive week in negative territory. Late Monday, the USD Index trimmed part of its losses and trades near 98.40.
Cardano (ADA) price steadies above $0.40 at the time of writing on Monday after failing to sustain a move above the upper boundary of the wedge pattern in the previous week.