Germany GDP grew 0.2% qoq in Q1, matched expectations. On the same quarter a year earlier, GDP grew 3.7% yoy. The growth was mainly due to higher capital formation, whereas the balance of exports and Read more…
Dollar is paring some gains today but remains the strongest one for the week. Canadian Dollar is currently the second best. Euro is trying to recover but remains the second worst, just next to Sterling. Read more…
Swiss KOF Economic Barometer improved from 99.7 to 101.7 in April, above expectation of 99.3. It’s back above long-term average of 100 after dipping below that level in March. Outlook for the Swiss economy is Read more…
France GDP stagnated with 0.0% qoq growth in Q1, below expectation of 0.3% qoq. Households’ consumption expenditure sharply decreased (-1.3% after +0.6%) while gross fixed capital formation (GFCF) slightly decelerated (+0.2% after +0.3%). Finally, internal Read more…
Bitcoin gained 2.1% on Thursday, ending the day around $39.9K, moderating Friday morning to $39.6K, cutting gains in the last 24 hours to 0.6%. Ethereum has added 1.1% in the past 24 hours. Prices of Read more…
USDCAD was stubbornly fighting near the 1.2875 resistance, which is the upper boundary of the consolidation area of 1.2450-1.2875, but failed to jump above it. The area has been holding since December 2021 and only Read more…
Dow Jones 30 steadies as a US GDP contraction may temper the Fed’s hawkish stance. The index has given up most gains from the March rally. The demand zone between 32700 and 33000 is an Read more…
The New Zealand dollar continues southward amid a lack of demand for risk-sensitive currencies. Sentiment turned bearish after price action failed to hold above this year’s low at 0.6530, invalidating a two-month-long recovery. The pair Read more…
The yen nosedived after the Bank of Japan vowed to keep its interest rates ultra-low. The dollar’s surge above the top range (129.30) of the recent consolidation forced early sellers to cover and switch sides. Read more…
DXY: On the Weekly, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance where the 127.2% Fibonacci extension is from our 1st support in Read more…