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Altcoins to watch this week: ALGO and BCH show potential for double-digit rally
Algorand (ALGO) and Bitcoin Cash (BCH) prices stabilize around $0.22 and $368, respectively, at the time of writing on Tuesday, following a rally of over 4% the previous day.
Bitcoin Cash
Fxstreet
Tue, Apr 29
GBP/JPY flat lines below 191.00 mark despite broadly weaker JPY
The GBP/JPY cross struggles to capitalize on its modest Asian session uptick and currently trades just below the 191.00 round-figure mark, nearly unchanged for the day.
GBP/JPY
Fxstreet
Tue, Apr 29
USD/CHF Price Forecast: Tests nine-day EMA barrier near 0.8250
The USD/CHF pair halts its three-day losing streak, trading around 0.8240 during the Asian hours on Tuesday. The daily chart analysis indicates a potential bullish shift, as the pair consolidates above the descending channel pattern.
USD/CHF
Fxstreet
Tue, Apr 29
FX option expiries for Apr 29 NY cut
FX option expiries for Apr 29 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CAD
Fxstreet
Tue, Apr 29
Top gainers Virtuals Protocol, Floki, Hyperliquid: Altcoins extend gains alongside Bitcoin
The cryptocurrency market sustains a market-wide bullish outlook at the time of writing on Tuesday, led by Bitcoin (BTC) and select altcoins, including Virtuals Protocol (VIRTUAL), Floki, and Hyperliquid (HYPE).
Bitcoin
Fxstreet
Tue, Apr 29
Japanese Yen trades with mild negative bias amid receding safe-haven demand
The Japanese Yen (JPY) ticks lower during the Asian session on Tuesday and erodes a part of the previous day's strong recovery gains from a two-week low against its American counterpart.
USD/JPY
Fxstreet
Tue, Apr 29
PBOC sets USD/CNY reference rate at 7.2029 vs. 7.2043 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.2029 as compared to the previous day's fix of 7.2043 and 7.2781 Reuters estimate.
USD/CNH
Fxstreet
Tue, Apr 29
USD/JPY plunges as trade optimism fades and BoJ looms
The USD/JPY pair faces heavy selling pressure, sliding to the 142.00 zone during Monday’s North American hours. Investor caution has resurfaced as broader trade optimism erodes, pushing demand toward the safe-haven Japanese Yen.
USD/JPY
Fxstreet
Mon, Apr 28
AUD/USD holds steady amid trade concerns and upcoming US data
The AUD/USD pair is trading steadily around 0.6400 as investors brace for key economic data from the United States (US) this week.
AUD/USD
Fxstreet
Mon, Apr 28
US Dollar softens amid trade doubts and cautious sentiment
The US Dollar (USD) weakens slightly on Monday as markets kick off a busy week, overshadowed by skepticism surrounding United States (US) trade policy.
Fxstreet
Mon, Apr 28
Ethereum Price Forecast: ETH sees rejection at $1,800 despite buying pressure from whales and institutional investors
Ethereum (ETH) dropped 2% on Monday, tapering gains from its impressive rise last week. On-chain activity shows the price growth was fueled by rising whale optimism and institutional buying pressure.
Ethereum
Fxstreet
Mon, Apr 28
Gold price climbs as recession fears rise on sour mood
Gold price resumes its uptrend on Monday after erasing some of its earlier losses, which saw the precious metal hit a daily low of $3,268. A shift in market mood lifted Bullion’s buyers’ spirits, driving XAU/USD up by 0.55%, exchanging hands at $3,338.
Gold
Fxstreet
Mon, Apr 28
USD/CHF Price Analysis: Dollar weakens against Swiss franc amid bearish pressures
During Monday's session, USD/CHF was seen trading near the lower end of its daily range, moving around the 0.82 area after dropping by nearly half a percent. The pair continues to face a bearish overall sentiment, reinforced by the performance of technical indicators.
USD/CHF
Fxstreet
Mon, Apr 28
GBP/USD rallies and hovers near 1.3400 amid US Dollar weakness
The Pound Sterling begins the week positively set to end April strong, is up 0.65% as the Greenback continues to weaken and risk appetite improves. At the time of writing, the GBP/USD trades near 1.3400 after bouncing off daily lows of 1.3279.
GBP/USD
Fxstreet
Mon, Apr 28
EUR/USD Price Analysis: Euro holds gains after European session amid bullish signals
After the European session on Monday, EUR/USD was seen trading near the mid-1.13/1.14 area, maintaining a positive tone on the day with a modest gain. Despite the RSI holding a neutral stance and the MACD flashing a sell signal, the broader technical setup remains tilted to the upside.
EUR/USD
Fxstreet
Mon, Apr 28
JPY is up slightly – Scotiabank
Japanese Yen (JPY) is entering Monday’s NA session with a marginal gain against the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/JPY
Fxstreet
Mon, Apr 28
GBP outperforming with marginal gain – Scotiabank
Pound Sterling (GBP) is up a modest 0.2% in quiet trade, outperforming most of the G10 currencies heading into Monday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP/USD
Fxstreet
Mon, Apr 28
EUR soft in quiet trade – Scotiabank
Euro (EUR) is soft, entering Monday’s session with a marginal decline against the US Dollar (USD) and underperforming most of the G10 currencies in quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD
Fxstreet
Mon, Apr 28
CAD holds near fair value as markets await election outcome – Scotiabank
The Canadian Dollar (CAD) is all but unchanged on the session as the country goes to the polls.
USD/CAD
Fxstreet
Mon, Apr 28
USD narrowly mixed in quiet trade – Scotiabank
Trading is off to a quiet start in NFP week. Asian and European stocks are mixed to a little firmer but US equity futures are down slightly, while bonds are a tad softer. The US Dollar (USD) itself is mixed.
Fxstreet
Mon, Apr 28
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