Bitcoin remains weak and nears key support zone; FOMC and NFP eyed for fresh direction signals
Bitcoin fell 2.5% on Monday, keeping weak near-term, as extension of the bear-leg from 67264 (Apr 23 lower top), brings in focus key supports at 60000 zone.
A cluster of strong supports between 60700 (daily cloud base), 60340 (Fibo 38.2%…
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USDJPY pulls back from new multi-decade top on suspected intervention
USDJPY cracked psychological 160 barrier and hit new multi-decade high early Monday, with subsequent sharp pullback to 155.00 zone on suspected intervention.
Fresh weakness cracked pivotal 155 support area (Friday’s low / 10DMA / Fibo…
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GBPUSD – recovery shows signs of stall
Strong recovery rally in past three days seems to be running out of steam on Friday, as the daily action was shaped in red candle with long upper shadow.
In addition, falling 20DMA repeatedly capped upside attempts, stochastic is…
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US inflation rises in line with expectations in March – PCE
The PCE price index, one of the Fed’s preferred inflation measures for its 2% target, increased 0.3% in March month on month, unchanged from the previous month and in line with expectations, with monthly inflation readings of 0.2% over time…
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USDJPY surges above 156 as BOJ holds rates
USDJPY surged to new 34-year high on Friday after the Bank of Japan kept its ultra-low interest rates unchanged and lacked to provide clearer signals about the timing of next rate hike, which further deflated yen.
Fresh bullish…
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Bank of Japan keeps its ultra-low interest rates unchanged, as widely expected
The Bank of Japan made the widely expected decision to maintain its ultra-low interest rates and expressed increasing confidence in achieving its inflation target of 2% in the coming years.
As anticipated, the BOJ opted to keep its…
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US economic growth slows significantly in Q1 inflation rises above expectations
The latest report from the Commerce Department reveals a significant slowdown in the US economy's growth pace, attributed partly to a widening trade deficit driven by increased imports to meet strong consumer demand. Despite this, an uptick…
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AUDUSD – extended recovery attacks key resistance zone again
Strong rally extends into fourth consecutive day and retests pivotal barriers at 0.6526/29 (converged 200/55DMA’s) which capped attack previous day.
Fresh strength offsets for now bearish signal on formation of daily inverted hammer…
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USDJPY – eventual break of 155.00 barrier unmasks 160 target
USDJPY hits new multi-decade highs, following eventual break of key 155.00 zone, where the action was capped in anticipation of intervention from Japanese authorities at these levels.
Fading intervention fears unleashed bulls which now…
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Gold remains constructive above $2300; key US data eyed for fresh signals
Gold price is trading within a narrow range on Wednesday, following nearly 3% drop in past two days, which cracked psychological $2300 support, but failed to sustain break lower, contained by daily Kijun-sen ($2289)
Tuesday’s action…
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