Month: June 2022

ECB Vice-President Luis de Guindos said today “fragmentation is a significant worry.” The central bank is ” speeding up process to ready a tool against fragmentation,” but the governing council has “still not discussed the details Read more…

Bitcoin rallied from $20.5K to $21.6K during the day on Tuesday but later reversed to decline and went back on Wednesday morning. Ether corrected deeply, losing 4.4% over the last 24 hours. The top ten Read more…

EUR/USD In the early hours of today, the euro was gaining strength against the dollar, and after testing the key levels at around 1.0500 and subsequently bouncing off it, the single European currency continued to Read more…

NZDUSD resumed its slide on Wednesday, bringing the key 0.6335 – 0.6195 bottom area back under the spotlight after a four-day-long unsuccessful battle with the red Tenkan-sen line. The RSI and the MACD remain negatively Read more…

USDJPY is holding around the fresh 24-year high at 136.70, surpassing successfully the previous highs of 135.57 and endorsing the bullish view. The MACD is moving further above its red signal line, and the RSI Read more…

The Canadian dollar recoups losses as April’s retail sales beat market expectations. The price action is hovering above the origin of a mid-April rally around 0.7400. A bullish RSI divergence indicates a slowdown in the Read more…

The Japanese yen weakens as the BoJ’s meeting minutes confirm its ultra-loose stand. The sell-off came to a halt at the psychological level of 160.00 where the pair first broke out in late May. The Read more…

The US dollar finds support from higher Treasury yields. The pair saw strong support near May’s lows (1.0380). A surge above 1.0500 prompted short-term sellers to cover and paved the way for a rebound. This Read more…

The British Pound started a fresh decline from the 1.2325 resistance against the US Dollar. The GBP/USD pair traded below the 1.2300 support zone to enter a bearish zone. There was a break below a Read more…