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Shiba Inu Forecast: July 2022

Ripple Forecast: June 2022

SHIB/USD apparently attracted a healthy amount of speculative fuel the past ten days and reached a solid short term high on the 26th of June. SHIB/USD hit a high of approximately 0.00001209 on the 26th of June as speculative buying drove the cryptocurrency upwards. On the 18th of June SHIB/USD was near a depth of 0.00000715. … Read more

Ethereum Forecast: July 2022

Ethereum Forecast: June 2022

ETH/USD has recovered from its June 18th lows when it traded near 885.00, but if the bearish trend remains intact July could produce new significant depths. Speculators who are holding ETH/USD may not want to read this article because it will not be the most optimistic perception of Ethereum they will see.  As the month of … Read more

Bitcoin Forecast: July 2022

BTC/USD Forex Signal: Strong Bearish Momentum

Bitcoin gets ready to close the curtain on another poor month of performance as it sunk to lower depths again, and continues to test the willpower of its backers. BTC/USD traded lower in June. Every speculator of cryptocurrencies knows the first sentence, it is not news. Bitcoin touched values on the 18th June which were … Read more

Ripple Forecast: July 2022

Ripple Forecast: June 2022

XRP/USD is trading slightly above the 35 cents value, as the digital asset has incrementally stumbled and continues to test important lower support with suspicious movement. On the 14th and 16th of June XRP/USD stumbled to within sight of 29 cents.  As of this writing Ripple is trading slightly above the 35 cents level, which … Read more

Fragile Sentiment and Quick Turn Lower this Morning

Ethereum Forecast: June 2022

BNB/USD has mirrored its major crypto counterparts with a nosedive this morning towards important support, as trading conditions have displayed nervousness. Advertisement Volatile conditions seemingly are ahead today for the broad cryptocurrency market, and BNB/USD is mirroring the nervous sentiment early this morning. As of this writing, BNB/USD is near the 219.0000 level with fast … Read more

IOC Provides Fuel As Government Pumps Go Dry

IOC Provides Fuel As Government Pumps Go Dry

Lanka IOC, the subsidiary of Indian Oil Corporation in Sri Lanka, kept its pumps open throughout Tuesday as the cash-starved government’s fuel entity’s fuel stations did not operate in the island nation due to the worsening energy crisis. On Monday, the Sri Lankan government announced that only essential services will operate from midnight till July … Read more

India’s forex reserves, strong fundamentals to cushion rupee’s fall against dollar: Report

The rupee has been depreciating on account of a multitude of global factors, including elevated high commodity prices, heightened geopolitical uncertainty, rapidly rising global interest rates. (Photo: Mint)

NEW DELHI: Strong forex reserves with the Reserve Bank of India and the country’s long-term economic potential would buffer a sharp decline in the rupee against the US dollar, QuantEco has said in a report. It expects the Indian rupee to touch 81 to a dollar before the end of 2022-23. The Indian currency has … Read more

BTC/USD Forex Signal: Bearish Consolidation Pattern

BTC/USD Forex Signal: Consolidation Nearing its End

The support level at $20,153 is under threat. Previous BTC/USD Signal My previous signal on last Thursday produced a minor short trade which broke even, setting up after the price action rejected the descending trend line shown in the price chart that day. Today’s BTC/USD Signals Risk 0.50% per trade. Trades must be taken prior … Read more

CBN injects $840m into forex market in one month

CBN injects $840m into forex market in one month

STABILITY CBN introduced measures   aimed at conserving FX reserves,  boosting inflow   With its weekly intervention of $210 million, the Central Bank of Nigeria (CBN) has, as at the weekend, injected a total of $840 million into the foreign exchange market this month, as part of efforts to ensure stability of naira, findings by New … Read more

Lanka IOC provides fuel as government pumps go dry in island nation

Lanka IOC provides fuel as government pumps go dry in island nation

Lanka IOC, the subsidiary of Indian Oil Corporation in Sri Lanka, kept its pumps open throughout Tuesday as the cash-starved government’s fuel entity’s fuel stations did not operate in the island nation due to the worsening energy crisis. On Monday, The Sri Lankan government announced that only essential services will operate from midnight till … Read more