Bitcoin rose slightly, by 0.6%, to $43.6K. Ethereum added 1.6%, while other leading altcoins from the top 10 showed mixed dynamics: a 3% decline (Terra) to 6.2% growth (Solana). Total crypto market capitalisation, according to Read more…
USDCAD created an impressive bullish rally after the rebound off the 50.0% Fibonacci retracement level of the up leg from 1.2000 to 1.2960 at 1.2485 and is now struggling to surpass the 38.2% Fibonacci of Read more…
US equities continued their struggle as the market weighed the change of tone by the Federal Reserve. The Dow Jones, Nasdaq 100, S&P 500, and Russell 2000 all declined by over 0.50% while bond yields Read more…
Markets Minutes of the March ECB meeting kickstarted the countdown to next week’s ECB meeting. In line with FOMC Minutes, they surprised markets in a hawkish manner. The key takeaway was some ECB members already Read more…
USD/CAD has put in a strong rally these past two days, yet stalled at a key zone of resistance ahead of Canada’s employment report set for today. Asian Indices: Australia’s ASX 200 index rose by Read more…
Market movers today A quiet end to the week, with no key data releases or central bank speeches scheduled for today. Focus remains on the outlook for central bank policy tightening and further details on Read more…
EUR/USD The euro lost some ground against the dollar, and during the early hours of today`s trading, the pair headed for a test of the support zone at 1.0848. A successful violation of the aforementioned Read more…
The Nasdaq 100 retreats as investors continue to digest hawkish Fed minutes. The rally came to a halt at February’s high at 15260. Then a drop below the short-term demand zone at 14730 led to Read more…
WTI crude softens as concerns grow over lockdowns in China. A bearish MA cross on the daily chart suggests that sentiment may have turned cautious. The price is testing the key floor at 94.00 which Read more…
The US dollar edged higher supported by better-than-expected initial jobless claims. The pair continues its journey upward from the demand zone near 0.9200. The rally is gaining momentum after a break above 0.9280. 0.9370 from Read more…