Market picture The cryptocurrency market closed lower on Thursday, but little changed from the $2.53 trillion market cap over 24 hours. However, the internal dynamics are mixed. Bitcoin loses 1.5% and retreats to $66K, while Read more…
Germany’s Ifo Business Climate Index rose to 87.8 in March, from the previous 85.7, surpassing anticipated 86.2. This uplift is mirrored in both Current Assessment Index, which advanced from 86.9 to 88.1 against expectations of Read more…
USDCAD switches back to gains, surpasses SMAs Technical signals cannot warrant a bullish channel breakout USDCAD successfully recovered from a flash drop to 1.3454 and closed Thursday’s session above the 50- and 200-day SMAs, maintaining Read more…
GBPJPY may rest near 190.00 round number MACD and RSI confirm bearish retracement Broader outlook looks strongly bullish GBPJPY is retreating after the pullback off the eight-and-a-half-year high of 193.55 and is moving towards the Read more…
As of Friday, the GBP/USD pair hovered around 1.2642, following a substantial decline. The Bank of England (BoE) has yet to find reasons to lower the interest rate, indicating intentions to maintain high rates for Read more…
In February 2024, UK’s retail sales volumes remained unchanged month-over-month, a performance that’s better than expectation of -0.3% mom decline. Meanwhile, sales value slightly dipped by a -0.1% mom. A broader examination reveals -0.4% decline Read more…
AUD/USD declined below the 0.6575 and 0.6550 support levels. NZD/USD is also moving lower and might trade below the 0.6000 zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh Read more…
Markets German Bunds outperformed US Treasuries yesterday. The front end lost up to 5 bps with longer maturities easing between 1.1 and 2.7 bps. Aside from catching up with post-Fed US markets, it also followed Read more…
The second big surprise of the week came from the Swiss National Bank (SNB). The Swiss cut the interest rate by 25bp to 1.5% yesterday, in a surprise move and became the first major central Read more…
In focus today It should be a quiet finish to a very busy week for macro news. Today we will get the second wage tally from the Japanese “spring wage offensive”. It will be interesting Read more…