Important news for the day
- Wed, 30th, 01:30 CET AU CPI
- Wed, 30th, 13:15 CET US ADP employment change.
Crypto bull run
Crypto markets show some upside potential. In particular Bitcoins rise above the USD 70.000 level could now cause the market to trade to higher levels. ETH seems to follow the positive sentiment. A break above the USD 2715 zone might cause the upside to add more steam. The weakness in the Dollar might also cause the positive momentum to be extended. Also XRP remains in a slight positive trend yet has failed to gear up strong momentum. As long as equities remain well- bid also the crypto sector could rise.
Market talk
The Dollar index printed a bearish candlestick pattern yesterday and might be prone to further profit taking. Dollar weakness across the board might hence be on the cards for now. Ater a positive month of October for the Greenback this could extend into November, causing the EUR, GBP and AUD to rise further. The current momentum also helps equities to rise. In particular tech stocks keep trading to the upside. The Nasdaq might continue with the positive sentiment, fuelled also by good numbers from the tech industry. The Dow Jones and DAX on the other hand might face negative momentum moving forward.
Tendencies in the markets
- Equities mixed, USD weaker, cryptos positive, oil weak, metals positive, JPY weaker.
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Uniswap Price Forecast: Technical outlook suggests a bullish breakout ahead
Uniswap is trading slightly below $8 on Thursday after rejecting a key resistance level on Wednesday. A successful close above this threshold could indicate a rally for the decentralized exchange, bolstered by technical indicators showing a bullish crossover pointing to potential upward momentum.
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