Bitcoin continues its bullish momentum from last week, and after touching a low of $26,981 on April 24, we can see a move towards a consolidation phase, after which we are expecting upsides in the Read more…
Australian Dollar is trading broadly lower today, even against New Zealand Dollar. Risk sentiment isn’t much of a factor contributing to selloff considering that major European indexes are just in slight decline. Instead, the free Read more…
EURCAD under bullish pressure Likely to rise to resistance level 1.5090 EURCAD currency pair under the bullish pressure after the price broke the resistance level 1.4923 (which stopped the previous impulse wave 1 in the Read more…
ECB Chief Economist Philip Lane revealed in an interview with French newspaper Le Monde that the central bank will likely raise interest rates again at their May 4 meeting, stating, “This is still not the Read more…
ECB Chief Economist Philip Lane revealed in an interview with French newspaper Le Monde that the central bank will likely raise interest rates again at their May 4 meeting, stating, “This is still not the Read more…
Daily Pivots: (S1) 166.87; (P) 167.30; (R1) 168.05; More… Intraday bias in GBP/JPY remains neutral as consolidation from 167.95 is extending. Further rally is expected as long as 165.38 support holds. On the upside, break Read more…
GBPUSD managed to close marginally above the December-January ceiling of 1.2445 on Monday after a three-day intense battle, shifting the spotlight to April’s bar of 1.2520. Some caution is necessary as the RSI and the MACD Read more…
Market movers today A quiet day in terms of data releases, US Conference Board’s consumer confidence index will be released for April. The University of Michigan survey released earlier pointed towards modestly improving consumer sentiment. Read more…
Daily Pivots: (S1) 1.0992; (P) 1.1021; (R1) 1.1076; More… Immediate focus is now on 1.1075 resistance in EUR/USD as rebound extends today. Decisive break there will resume larger up trend from 0.9534 to 1.1273 fibonacci Read more…
Both Euro and Sterling have made significant gains against Australian and Canadian Dollars this week, resuming medium-term uptrends in respective crosses. Overnight comments from a top ECB official suggest that a 50bps rate hike may Read more…