Month: May 2023

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BTCUSD (Bitcoin) has been gaining ground after it managed to jump back above its 50-day simple moving average (SMA). However, should this latest rebound fail to strengthen, the price would be on track to extend Read more…

BTCUSD (Bitcoin) has been gaining ground after it managed to jump back above its 50-day simple moving average (SMA). However, should this latest rebound fail to strengthen, the price would be on track to extend Read more…

Daily Pivots: (S1) 0.9765; (P) 0.9797; (R1) 0.9813; More… Despite a breach of 0.9774, EUR/CHF quickly recovered. While fall from 0.9995 could extend lower, downside should be contained well above 0.9704. Outlook is unchanged that Read more…

The US 30 cash index has once again failed to convincingly break above the 34,280 level prompting a small pullback. This is the sixth time that the bulls have not achieved an upwards breakout in the past Read more…

Daily Pivots: (S1) 1.3584; (P) 1.3612; (R1) 1.3642; More…. USD/CAD is staying in range below 1.3668 and intraday bias remains neutral. Further rise is expected with 1.3521 support intact. Corrective pattern from 1.3976 could have Read more…

Daily Pivots: (S1) 1.1010; (P) 1.1051; (R1) 1.1103; More… EUR/USD is still held below 1.1094 resistance despite current recovery. Intraday bias remains neutral first but further rise is expected. On the upside, firm break of Read more…

As ECB gears up for its seventh consecutive interest rate hike in a row today, market participants are divided on the size of the increase. While the majority expect a 25bps hike, which would bring Read more…

Krishna Srinivasan, director of IMF’s Asia and Pacific Department, has expressed concerns over uncertainty in Japan’s monetary policy direction amid rising inflation. He stated in a press briefing, “Japanese government bond yields have increased notably Read more…

Key Highlights Crude oil prices started a fresh decline below the $75 support. A major bearish trend line is forming with resistance near $74.00 on the 4-hour chart. EUR/USD and GBP/USD remained in a positive Read more…