The Australian dollar struggles as Beijing vows to support its Covid-hit economy. A drop below the psychological level of 0.7000 near this year’s low may have put the Aussie on a bearish trajectory in the medium-term. On the hourly chart, the RSI’s double bottom in the oversold area may cause a limited rebound. Selling interest […]
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Japan’s manufacturing sector remained in contractionary territory in April, with the final PMI reading at 48.7, up slightly from March’s 48.4. While the deterioration in business conditions marked the tenth consecutive month of decline, it Read more…
BoC’s summary of deliberations from its April meeting revealed a divided Governing Council, as members weighed the case for another rate cut against the need for more clarity. While some policymakers pushed for an immediate Read more…
Key Highlights Bitcoin price started a steady increase above the $92,000 resistance. A connecting bullish trend line is forming with support at $92,400 on the 4-hour chart of BTC/USD. Ethereum price is consolidating above $1,750 Read more…