Against the background of the gradual de-dollarization of the global economic system, the question of replacing the US national currency is increasingly being raised. Some experts have already started talking about the euro as such Read more…
Against the background of the gradual de-dollarization of the global economic system, the question of replacing the US national currency is increasingly being raised. Some experts have already started talking about the euro as such Read more…
US ISM Services PMI rose from 51.2 to 51.9 in April, below expectation of 53.1. Looking at some details, business activity/production dropped from 55.4 to 52.0. New orders rose from 52.2 to 56.1. Employment dropped Read more…
Cable regained traction and bounced above 1.2500 mark on Wednesday, lifted by weaker dollar ahead of Fed decision. Fresh advance generates initial signal that two-day pullback from new 2023 high (1.2583) might be over, as Read more…
Daily Pivots: (S1) 1.0917; (P) 1.0958; (R1) 1.0983; More… EUR/USD recovers mildly today but stays in range below 1.1094. Intraday bias remains neutral at this point. Further rally is expected as long as 1.0908 support Read more…
According to analysts from CoinShares, the outflow of capital from crypto assets over the past week amounted to more than $72 million. We are talking about funds such as Grayscale or Proshares, which allow institutional Read more…
It’s been an exciting start to the week, and month, for the US Dollar, as it gained some bullish momentum on Monday thanks to a 0.5% rise in the US Dollar Index (DXY), propelled by Read more…
Eurozone unemployment rate dipped to a new record low in March, falling from 6.6% to 6.5%, below the expected 6.6%. Meanwhile, the EU unemployment rate remained steady at 6.0%. Eurostat estimates that 12.96m individuals in Read more…
Gold spiked back above 2,000 during Tuesday’s early US trading hours but it immediately faltered near the 2,020 level as the bulls got trapped below key trendlines ahead of the FOMC policy announcement. The support-turned-resistance Read more…
AUD/USD tests key resistance The Australian dollar soared after a hawkish RBA pressed on with a surprise 25 basis-point rate hike. The pair jumped above the first supply area of 0.6660 and might give the Read more…