Market Picture Market capitalisation has fallen 2% in the last 24 hours to $3.30 trillion. Bitcoin, stuck near past highs, quickly spoiled the market’s mood, triggering a local profit correction after the rally. An active correction in gold may also be playing a role. The crypto market sentiment index rolled back from 73 to 70, […]
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Daily Pivots: (S1) 145.68; (P) 146.68; (R1) 147.74; More… Intraday bias in USD/JPY stays neutral for the moment. Further rally is expected as long as 144.02 resistance turned support holds. As noted before, fall from Read more…
US initial jobless claims was unchanged at 229k in the week ending May 10, slightly below expectation of 230k. Four-week moving average of initial claims rose 3k to 230.5k. Continuing claims rose 9k to 1881k Read more…
US PPI fell -0.5% mom in April, below expectation of 0.2% mom. PPI services fell -0.7% mom while PPI goods was unchanged. PPI less foods, energy and trade services ticked down by -0.1% mom, the first Read more…