Bitcoin continued to gyrate lower this week and accelerated to as low as 35565 overnight. The move came with broad based risk-off selling in the US markets. Technically, the fall is seen as continuation of the decline from 48226, and outlook will stay bearish as long as 40014 resistance holds. Next near term target is […]
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RBNZ’s latest Survey of Expectations for May revealed a notable uptick in inflation forecasts across all time horizons. One-year-ahead inflation expectations climbed from 2.15% to 2.41%, while two-year expectations rose from 2.06% to 2.29%. Even Read more…
The US–China 90-day deal shows that actual outcomes are typically less bad than the ambit claims the Trump administration first announces. Once again, the US administration has shown that its initial announcements are usually ambit Read more…
Key Highlights USD/JPY started a downside correction and traded below 147.20. A connecting bullish trend line is forming with support at 144.50 on the 4-hour chart. EUR/USD could aim for a recovery if it clears Read more…