AUD/USD Trading forecasts and signals

The Shiba Inu (SHIB) and Akita Inu (AKITA) tokens have lost more than 40% of their value over the past day.The creator of Ethereum, Vitalik Buterin, has started selling "dog" tokens.The Shiba Inu and Akita Inu tokens on Tuesday once again updated their historical highs, but on Wednesday they began to decline sharply. Before that, in a short period of time, the tokens grew by tens of thousands of percent.The creators of the meme projects Shiba Inu (SHIB) and Akita Inu (AKITA), which repeat the Dogecoin theme, blocked half of the issue of their tokens in pools on the Uniswap exchange, and sent the other half to Buterin's address.On Wednesday, he began selling them on the Uniswap crypto exchange. Later, Buterin approved transactions from his wallet with the Dogelon Mars token (ELON), the holder of half of the issue of which he is also.Part of the received ETH Buterin sent as a donation to Gitcoin, the other part was transferred to the Coinbase wallet. Previously, Buterin also withdrew 95% of the liquidity from the Uniswap pool. He sent 500 ETH and 50 trillion SHIB with a nominal value of $1.2 billion to the Indian anti-coronavirus fund.The creator of Ethereum decided to sow financial chaos among the holders of dog tokens. On this basis, many observers concluded that in this way he wanted to send a message.Due to the large volume of transactions with tokens from this category, fees on the Ethereum network recently reached new highs above $50. The exchange of assets on the Uniswap exchange cost more than $300 per operation.

The price of Bitcoin dropped to the level of $54,900. Ethereum is trading around the 4200 mark. XRP fell to the support of $1.4. The total capitalization of the digital currency market was $2.44 trillion.The capitalization of Ethereum exceeded 500 billion at the rate of $4370. This mark was another historical high. Immediately after that, Ethereum began to adjust downwards. This figure exceeded the exchange value of the payment giant Visa, today its market capitalization is 481 billion Dollars. Ethereum managed to overtake the largest US bank JPMorgan. In comparison with bitcoin, Ethereum took much less time to take such positions. The rapid growth of the coin is facilitated by the expectation of a full-fledged deployment of Ethereum 2.0, which implies a transition from the Proof-of-Work consensus algorithm to Proof-of-Stake. This can further strengthen its position in the market. Cryptocurrency analysts believe that by the end of 2021, Ethereum will be trading in the range of 8,000-10,000 Dollars. Many also believe that this cryptocurrency has every chance to shift Bitcoin to the second place in terms of market capitalization.Meanwhile, the US stock market regulator warns investors about the risks of buying Bitcoin futures and funds. The agency has issued a warning to users trading Bitcoin futures. The SEC called the first cryptocurrency a highly speculative asset, and also urged users to carefully analyze the financial risks inherent in Bitcoin futures contracts with settlements in fiat currency. Investors are advised to determine the risk profile for the correct allocation of assets in their investment portfolio. According to the Commission, the high volatility of bitcoin and the lack of clear regulation of the cryptocurrency industry create conditions for fraud and manipulation in the cryptocurrency market. The SEC's warning came as major banks began providing their clients with access to Bitcoin and becoming interested in the crypto asset themselves. In addition, the agency will continue to monitor the development of mutual funds that provide access to Bitcoin in order to protect the interests of investors. Signals for trading cryptocurrencies Bitcoin, Ethereum and XRPThe forecast expects Bitcoin to decline to the price values of 54700, 54500 and 54000 Dollars. Ethereum will continue to adjust to the levels of 4150, 4100 and 4000 Dollars. XRP will decline to the levels of 1.37, 1.35 and 1.30 Dollars.

WTI crude oil reached a price value of $66.3 per barrel.The growth of the markets was caused by the US inflation data for April and the optimistic forecasts of OPEC, which expects oil consumption in 2021 at the level of more than 96 million barrels per day. The same forecast was previously given by the International Energy Agency. These volumes are comparable to energy consumption before the pandemic. As a result, at the peak, Brent was approaching the psychologically significant level of $70 per barrel today. WTI is also trading fairly close to the highest value since 2018.Commercial oil reserves in the country over the past week decreased by 426,000 barrels, according to the US Department of Energy. At the same time, analysts polled by the Bloomberg agency expected a decrease in inventories by 2.1 million barrels. The low indicator limited the growth of oil prices.OPEC+ members in April fulfilled a deal to reduce oil production by 114%. The countries of the alliance fulfilled their obligations by 126%, the rest by 90%. In April, the daily production of oil by the participants of the transaction increased by 100,000 barrels per day. The increase was due to Russia and Kazakhstan. It is noted that Russia in April brought production to 9.52 million barrels per day. This figure is 870,000 barrels lower than in April 2020. WTI Oil Trading Signals In the forecast, WTI oil is expected to increase to the levels of 66.5, 66.8 and 67 Dollars per barrel.

The price of Gold retreated from a three-month high and fell to the support level of $1,820 per ounce.The rising US Dollar and high yields on securities put pressure on the asset. The recent rise in non-ferrous metals and energy prices has raised inflation expectations, and this has increased the attractiveness of Gold as a perceived hedge against price fluctuations. From March 30 to May 10, the asset price increased by almost 10%. But this week, optimism of likely reflation boosted nominal and real yields, triggering a pullback in the Gold market.Despite the drop on Wednesday, the precious metal remains above the important support level of $1,800 per ounce. Weak US labor market data and the low probability of the Fed tightening monetary policy in the near future provided Gold with a long-awaited breakthrough and continue to support demand. The technical and fundamental improvements that have recently been observed in the Gold market are a sign that the short-term outlook for the asset is quite positive. Current and future stimulus measures in the US and other countries around the world are the factors that lead to an increase in debt and inflation, and therefore will continue to push prices up to new record values. Signals for Gold trading on ForexThe forecast assumes the recovery of the Gold price to the levels of 1825, 1830 and 1840 Dollars per barrel.

The exchange rate of the Pound/Dollar curency pair declined on Forex for the first time since the beginning of the week, the quotes fell to the level of 1.4085.The Office for National Statistics released data on industry and manufacturing output in the UK on Wednesday. The indicators indicate the beginning of the recovery of the industry after the crisis. Output rose 1.8% in March, against forecasts of a 1% increase. Despite the strong data, the British currency declined against the background of a sharp increase in inflation in the United States.On Monday, Pound jumped to a two-month high due to a combination of dollar weakness, market relief from the Scottish election results, measures to ease social exclusion and an increase in the Bank of England's growth forecast. The UK economy grew by 2.1% in March compared to February, which is higher than expected. We are likely to see a sharp recovery this year after the deep downturn caused by the coronavirus in 2020. Although analysts believe that the immediate impact of the data on the market was limited, it still helped support expectations of a strong recovery in the UK. According to forecasts, the latest estimates of the Bank of England are too pessimistic. This will set the stage for speculation and further increases in short-term rates, which will help support demand for the pound. Signals for trading GBP/USD currency pair The forecast expect a further decline in Pound/Dollar Forex pair to the supports of 1.4060, 1.4030 and 1.4000.