Bitcoin declined by 2.3% over the past week, ending it at around $39.5K. Ethereum lost 3.9%, while other leading altcoins in the top 10 fell from 2.2% (Solana) to 10.5% (XRP). The exception was Terra Read more…
The Euro fell further on Monday, extending weakness below the temporary base that was formed at 1.0757 during past two weeks. Fresh weakness emerged after last week’s limited recovery was strongly rejected and daily candle Read more…
Steep fall off 0.7661 (Apr 5 spike high) extends into fourth consecutive week, following last week’s acceleration that resulted in weekly loss of 2%. Fresh weakness in early Monday hit the lowest in nine weeks Read more…
Stock futures slump on China Covid worries, fed rate bets; Week Ahead: earnings, inflation and GDP in focus; Twitter shares higher on report of takeover talks with Elon Musk; Tesla shares slip as Shanghai extends Read more…
Germany Ifo business climate rose from 90.8 to 91.8 in April, above expectation of 88.1. Current assessment index rose from 97.0 to 97.2, above expectation of 95.0. Expectations index rose from 85.1 to 86.7, above Read more…
The US economy added about half a million jobs in March, while the unemployment rate was at just 3.6%. The Dow Jones index is near its historic highs. Households have saved an additional $2.5 trillion Read more…
The Aussie Dollar started a fresh decline from well above the 0.7450 level against the US Dollar. The AUD/USD pair traded below the 0.7400 support to enter a bearish zone. The pair even traded below Read more…
American equities dropped sharply on Friday as concerns about the Federal Reserve escalated. The Dow Jones and S&P 500 indices had one of the worst days this year after Jerome Powell warned that the bank Read more…
EURUSD had steadied just above the 1.0750 support level over the past few days when selling pressure eased a little, but the bears are driving the price back down again at the start of the Read more…
Market movers today We kick off the week with German ifo business survey for April this morning. The forward-looking expectations index took a big hit in March, and consensus looks for a small further decline Read more…