Bitcoin – increased bearish pressure after a loss of pivotal 60K support zone
Bitcoin fell to the lowest since Feb 27 on Wednesday, as fresh acceleration lower extends into third straight day, boosted by fading bets for the start of Fed rate cuts in the near future.
Monday’s break and close below daily cloud base…
Read More...
Read More...
US private payrolls rise above expectations in April – ADP
The latest ADP Employment report indicates a stronger-than-expected increase in private payrolls, with 192,000 jobs added in April, surpassing forecasts and maintaining momentum into the second quarter. The data suggests that the labor…
Read More...
Read More...
Fed is widely expected to hold rates steady as elevated inflation continues to fade rate cut…
The US Federal Reserve ends its two-day policy meeting today with a new statement and comments from the central bank’s Chair Jerome Powell expected to give clearer sense of how recent disappointing inflation readings have changed the…
Read More...
Read More...
Crude oil price continues to trend lower and pressure key support zone
WTI oil price remains in red for the third straight day, deflated by growing hopes of a ceasefire agreement in the Middle East and rising US crude inventories.
Also, stubbornly high US inflation continues to cool rate cut expectations…
Read More...
Read More...
Dollar keeps firm tone in expectations of Fed’s further hawkishness
The dollar keeps firm tone and hit new multi-month high early Wednesday, after surging 0.56% on stronger than expected US data on Tuesday.
US employment cost index rose more than expected in the first three months, adding to signs of…
Read More...
Read More...
Gold eases further ahead of Fed / NFP
Gold price came under fresh pressure on Tuesday and lost around 1.5% for the day so far, to crack pivotal $2300 zone (psychological / daily Kijun-sen / Apr 23 spike low).
Traders shift their focus to the key events of the week -Fed…
Read More...
Read More...
Euro zone inflation steadies in April, adding to ECB rate cut case
Inflation in the eurozone remained unchanged at 2.4% in April, aligning with expectation, however, core inflation, which excludes volatile components like food, energy, alcohol, and tobacco, slowed to 2.7% from 2.9% in March, slightly…
Read More...
Read More...
China factory and services activity slows in April – PMI
The latest data from China indicates a slowdown in growth across both the manufacturing and services sectors in April, signaling a loss of momentum for the world's second-largest economy at the beginning of the second quarter.
While solid…
Read More...
Read More...
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%…
Read More...
Read More...
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…
Read More...
Read More...