US gross domestic product revised slightly lower in Q4
The second estimate of GDP growth showed that the US gross domestic product increased at a 3.2% annualized rate in the fourth quarter, revised slightly down from the previously reported 3.3% pace and identical forecast by economists.
The…
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Bitcoin – sharp bullish acceleration nears psychological 60K barrier
Bitcoin continues to trend higher and extends rally into fifth straight day, with strong bullish acceleration seen in past three days, when coin’s price rose nearly 15%.
Large long positions from big players were the main driver of…
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Dollar edges higher ahead of release of key US economic data on Thursday
The dollar index bounced on Wednesday, after 200DMA (103.52) repeatedly contained dips in recent sessions.
Reversal pattern is forming on daily chart and 14-d momentum is ascending from negative territory and pressuring the centreline,…
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NZDUSD accelerates sharply lower on unchanged policy and more dovish than expected comments from…
The Kiwi dollar was sharply down vs its US counterpart (losing 1.1%) in early trading of Wednesday, after the Reserve Bank of New Zealand left interest rates unchanged (in line with expectations) but delivered more dovish comments and…
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GBPUSD drops after repeated rejections at daily cloud top
Cable dips 0.3% in Asian / early European trading on Wednesday after a multiple failures to clear the top of daily Ichimoku cloud.
Long upper shadows on daily candles and narrowing ranges in past few sessions, confirmed significance of…
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Bitcoin surges to two-year high
Bitcoin extends sharp rise into second consecutive day and hit levels near 57500 for the first time since December 2021 on Tuesday.
Two-day rally has registered around 4.5% gains and signaled continuation of larger uptrend, after…
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USDJPY – bulls to remain in play while holding above broken Fibo barrier
USDJPY eases on Tuesday as traders reacted on overbought daily studies, but dips are likely to be limited and mark a healthy correction of larger uptrend.
Technical picture on daily chart remains bullish (strong positive momentum /…
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EURUSD – bullish bias above 200DMA, daily cloud twist also to attract bulls
The Euro keeps firm tone in early Tuesday and pressuring pivotal barriers at 1.0865/88 zone (Fibo 38.2% of 1.1139/1.0695 fall / 55DMA / Feb 22 spike high).
Fresh positive signal on Monday’s close above 200DMA (1.0825) which capped…
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Dollar index – near term action in slight bearish alignment ahead of this week’s key…
The dollar index edged lower on Monday, in attempts to end two-day congestion and resume the bear-leg from 104.85 (Feb 14 high).
Strong downside rejection last Thursday, which left a long-tailed Doji candle and a bear-trap under Fibo 50%…
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Bitcoin – bulls are taking a breather for consolidation / limited correction
Bitcoin eases on Monday, shifting focus towards the floor of near-term consolidation range (50500) established after larger bulls started to run out of steam and left fresh multi-month peak at 53017 (Feb 20).
Early signal of an uptrend’s…
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