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]
Chainlink price rallying by 6% might act as relief for the 78% of LINK holders facing losses
Share: Chainlink price has been stuck under the $7 mark for more than three weeks now. LINK holders are some of the biggest losers in the market, with nearly 500K addresses currently underwater. A demand wall at $6.85 worth over $2.3 billion … [Continue reading]
India M3 Money Supply registered at 10.1% above expectations (9.6%) in May 19
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]
AUD/USD: Inflation surprise could not support the Aussie – Commerzbank
Share: Economists at Commerzbank discuss Aussie’s outlook after Australian inflation surprised to the upside. Inflation surprise in Australia “Inflation data for April surprised to the upside at 6.8% (Bloomberg expectations: 6.4%). The price index … [Continue reading]
USD/MXN Price Analysis: Mexican Peso bears attack 17.69 confluence level
Share: USD/MXN picks up bids to extend previous recovery from fortnight low. Convergence of 100-HMA, one-week-old descending trend line prod pair buyers. 200-HMA acts as additional hurdle for Mexican Peso sellers. Two-week-old horizontal support is … [Continue reading]
EUR/USD rebound pauses around 1.0750, German inflation, US employment clues eyed
Share: EUR/USD grinds higher after bouncing off 10-week low. US Dollar traces yields to retreat from multi-day peak amid uncertainty for US debt ceiling deal in Congress. US data came in mixed, month-end positioning join anxiety ahead of key events … [Continue reading]
GBP/USD Price Analysis: Bulls move in to take control
Share: GBP/USD bulls are taking back control on a break of structure. The rally has taken out the bearish trendline resistance. Sterling rose against a weaker dollar on Tuesday as British inflation remains in focus. This has forced the price … [Continue reading]
USD/CAD: There is not really much evidence of a reversal in intraday/daily chart patterns – Scotiabank
Share: Loonie makes marginal headway after the 1.3660 test. Economists at Scotiabank analyze USD/CAD technical picture. Break below 1.3560 should see losses extend a bit further toward 1.3520/25 “Short-term trading patterns look a bit soft for … [Continue reading]
European Monetary Union Business Climate fell from previous 0.54 to 0.19 in May
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]
USD/INR Price Analysis: Indian Rupee bears occupy driver’s seat within falling wedge, 82.75 is the key
Share: USD/INR picks up bids to extend the previous day’s rebound inside bullish chart formation. 50-SMA adds strength to 82.75 hurdle for Indian Rupee bears. April’s peak, 200-SMA restrict short-term downside of USD/INR pair. US Dollar grinds … [Continue reading]