Share: Bitcoin price has maintained an inverse correlation with the stock market, which could push the cryptocurrency up. "Sell in May and Go Away" suggests investors ignore the next six months until October, which have historically been bad for … [Continue reading]
Australia CFTC AUD NC Net Positions rose from previous $-42.4K to $-39.5K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
NZD/USD hits three-day high despite US data and Fed hike expectations
Share: NZD/USD breaks prior's day high and eyes a test of the 20-day EMA at 0.6188. The core PCE, the Fed's preferred gauge for inflation, remains stickier, warranting a Fed hike at the May meeting. NZD/USD Price Analysis: Downtrend risks negation … [Continue reading]
India FX Reserves, USD declined to $584.25B in April 21 from previous $586.41B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Silver Price Analysis: XAG/USD oscillates in a range below 100-hour SMA, $25.00 mark
Share: Silver struggles to capitalize on the overnight goodish rebound from the $24.50 support zone. The technical setup seems tilted in favour of bulls and supports prospects for additional gains. A convincing break below the $24.40-30 … [Continue reading]
S&P500 Futures ignore Wall Street’s gains, yields dribble ahead of Fed’s favorite inflation
Share: Market sentiment remains sluggish after an upbeat day as traders await the key US data. S&P500 Futures lack clear directions after rising the most in six weeks the previous day. US Treasury bond yields grind higher as US GDP growth … [Continue reading]
Ripple finds new ally in its fight against SEC as Coinbase files lawsuit against the regulatory body
Share: Ripple noted a 34% growth in its DEX volumes and a 46% increase in the centralized exchanges' activity. Coinbase, on April 27, responded to the SEC's Wells notice stating they are willing to defend themselves. The Ripple community saw this … [Continue reading]
Silver Price Analysis: XAG/USD falls but remains capped by the 20-DMA at $24.70
Share: Silver price continues to trade below the $25.00 figure as support takes hold around $24.80. XAG/USD has been trading sideways, bracing around the 20-day EMA at $24.70 for the last three days. Silver price trends downwards for the third … [Continue reading]
EUR/USD challenges 1.1000 post-US GDP figures
Share: EUR/USD recedes to the vicinity of the key 1.1000 mark. EMU Consumer Confidence came in at -17.5 in April. US Flash GDP disappointed expectations in Q1. EUR/USD fades the initial upbeat mood and retreats to the boundaries of 1.1000 the … [Continue reading]
Russia’s Novak: OPEC+ sees no need for further oil output cuts
Share: Russian Deputy Prime Minister Alexander Novak said on Wednesday, “OPEC and its allies (OPEC+) sees no need for further oil output cuts despite lower than expected Chinese demand.” Additional takeaways The global oil market is balanced. OPEC+ … [Continue reading]