Bitcoin remains within extended range
Bitcoin edged lower on Monday but remains within the longer range which extends into seventh consecutive day.
Near-term action remains sideways and looking for stronger direction signals, as daily studies are mixed (fading positive…
Read More...
Read More...
Gold hits new record high on growing hopes for Fed rate cut in June
Gold hit new record high ($2265) in early Monday’s trading, as markets reopened after Good Friday’s pause.
The metal starts the month in firm bullish mode, after softer US inflation data boosted expectations for Fed’s first rate cut in…
Read More...
Read More...
US inflation rises moderately in February – PCE
US prices rose moderately in February and the cost of services excluding housing slowed considerably, keeping market expectations for Fed’s first interest rate cut in June on the table.
The personal consumption expenditures (PCE) price…
Read More...
Read More...
Cable moves within extended range ahead of key US data
Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on Good Friday.
Near-term action is ranging between 200DMA (1.2588) and thin daily cloud (spanned between 1.2634 and 1.2663), with predominantly…
Read More...
Read More...
US economy grew faster than expected in Q4 (GDP)
US Gross domestic product expanded by 3.4% year-on-year in the last three months of 2024, surpassing the previously reported 3.2% and exceeding forecasts for 3.2% growth. This revised estimate in the third assessment of fourth-quarter GDP…
Read More...
Read More...
EURUSD – bears probe through key support zone
The Euro holds in red for the third consecutive day and accelerates lower in early Thursday, cracking pivotal supports at 1.0800/1.0790 zone (former higher base / Fibo 61.8% of 1.0695/1.0981 / base of thick daily Ichimoku cloud).…
Read More...
Read More...
UK economy entered recession last year – GDP
The UK's economic performance in 2023 reflected a challenging environment, with GDP contracting by 0.1% in the third quarter and a further 0.3% in the fourth quarter, as confirmed by official figures. This confirms that the UK entered a…
Read More...
Read More...
AUDUSD – bearish bias below the base of thick daily cloud
AUDUSD remains under pressure as the price action was capped by the base of thick daily cloud (currently at 0.6531) in past few sessions, while a batch on daily MA’s in bearish configuration, weighs heavily.
Bears pressure a higher base…
Read More...
Read More...
USDCHF rises to the highest in nearly five months
The USDCHF continues to trend higher within the broader bull-channel and hit new multi-week high (the highest since Nov 2) on Wednesday.
Larger bulls accelerated after surprise rate cut by SNB last week, which increased pressure on Swiss…
Read More...
Read More...
USDJPY – strong intervention warning after the pair hit new multi-decade high
USDJPY rose to new, marginally higher multi-decade high (151.97) in Asian session on Wednesday, signaling that bulls remain firmly in play, after the dollar received fresh boost from better than expected US data on Tuesday.
Bullish…
Read More...
Read More...