Share: AUD/USD remains pressured within 40-pip rectangle, justifies clear break of short-term ascending trend line, 200-HMA. Downbeat oscillators suggest further grinding towards the south. Aussie pair buyers need validation from 0.6780; bears have … [Continue reading]
Bitcoin price eyes retest of $30,000 as BTC bulls reveal their hands
Share: Bitcoin price reveals an exaggerated bullish divergence on the four-hour chart. This setup forecasts a bullish move for BTC that could propel it to $29,726. A four-hour candlestick close below $26,555 will create a lower low and … [Continue reading]
Avalanche Cortina upgrade might be the Hail Mary AVAX needs
Share: Avalanche price is holding strong at $17 despite crashing by nearly 20% in five days. Ahead of the Cortina upgrade, the network has noted a massive upsurge in investor presence, registering over 600,000 active addresses this week. This … [Continue reading]
USD/MXN falls below 18.0000 as Mexican inflation cools amid a soft US Dollar
Share: USD/MXN reached a daily high above 18.0000 before tumbling toward the 17.90s area. Fed’s Cook expects inflation to slow down as measured by headline inflation, but core PCE is foreseen to stay sticky. USD/MXN Price AnalysisL Downward … [Continue reading]
US: Chicago Fed National Activity Index unchanged at -0.19 in March vs. -0.02 expected
Share: Chicago Fed National Activity Index was unchanged at -0.19 in March. The US Dollar Index remains in negative territory, around 101.60 after the data. The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) was unchanged at … [Continue reading]
IFO’s Economist: German economy far away from substantial upswing
Share: Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “German economy is far away from the substantial upswing.” Additional quotes Proportion of German companies that want to … [Continue reading]
GBP/USD turns subdued as USD Index rebounds ahead of US Durable Goods Orders
Share: GBP/USD has witnessed a loss in the upside momentum and has dropped below 1.2440. The recovery move in the USD Index has scaled to near 101.80. The BoE would continue hiking rates further despite a more-than-anticipated contraction in UK … [Continue reading]
United Kingdom Rightmove House Price Index (YoY) dipped from previous 3% to 1.7% in April
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]
Gold, Chart of the Week: XAU/USD bears eye a run to test $1,970
Share: Gold price is under pressure on the front side. A move to test $1,970 is eyed ahead of $1,950 as per weekly chart structure. As per the prior week´s pre-open analysis, Gold,of the Week: XAU/USD bulls remain in control, where the Weekly … [Continue reading]
Litecoin price and LTC holders stuck in dilemma as third halving nears
Share: Litecoin price is stuck between two critical barriers that has trapped its volatility and kept it low. A recovery above $95.75 will be key if bulls want LTC to head northbound. A daily candlestick close below $73.40 will invalidate the … [Continue reading]