Market picture The cryptocurrency market is under pressure, losing 6% of its capitalisation in the last 24 hours to $2.6 trillion. Bitcoin is losing almost 7% in 24 hours, at one point wiping out last Read more…
The New Zealand dollar continues to lose ground and has dropped more than 1% since Wednesday. In the European session, NZD/USD is trading at 0.6094, down 0.59%. NZ Manufacturing PMI declines for 12th straight month Read more…
Stock futures were moving higher Friday after Wall Street was rattled by inflation data. Futures tied to the Dow Jones Industrial Average were up 0.15% to 38,971, while the S&P 500 advanced 0.19% to 5,163.50, Read more…
The USD/JPY pair is rising, reaching 148.28 on Friday. The US dollar is strengthening across the market following the release of US retail sales data. This information is prompting market participants to reassess their expectations Read more…
The International Energy Agency (IEA) has once again raised its forecasts for global oil demand in 2024. While the agency’s forecast pointed to the prospect of an oil surplus in 2023, its analysts now believe Read more…
The Japanese yen has extended its losses against the US dollar for a fourth straight day and is down 1.1% this week. In the European session, USD/JPY is trading at 148.70, up 0.28%. Japanese unions Read more…
The Euro is consolidating after almost 0.6% drop on Thursday (the biggest one-day loss since Feb 13). Stronger than expected US PPI data added to hawkish rate outlook following last week’s hot inflation report and Read more…
Whether you’re buying a car or making home improvements, the Inflation Reduction Act created and increased a number of tax credits to encourage energy-efficiency. CPA and TurboTax Live expert Miguel Burgos explains. Watch the video Read more…
Bearish Scenario: Shorts below 18100 with TP1: 17900, TP2: 17814, and 17630 with S.L. above 18130 or at least 1% of account capital*. Anticipated Bullish Scenario: Intraday longs above 18130 with TP: 18219, TP2: 18270, Read more…
USDCAD brings key resistance in focus after rebound Technical signals are encouraging, but a bullish outlook expected above 1.3600 USDCAD made a strong comeback on Thursday, surpassing its simple moving averages (SMAs) and breaching the Read more…