Category: Cryptocurrencies

Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF remains neutral at this point. Further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the Read more…

Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… Intraday bias in USD/JPY stays mildly on the upside at this point. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is Read more…

Yen’s decline persisted in Asian session, continuing to reverse its strong gains from earlier in the month. Traders seem confident that Japan will not intervene as long as Yen remains above 160 level against Dollar, Read more…

Key Highlights Gold started a downside correction from the $2,380 zone. A key bearish trend line is forming with resistance at $2,370 on the 4-hour chart. Oil prices are showing bearish signs below $80.00. Bitcoin Read more…

The U.S. retail industry has faced hundreds of store closures and liquidations this year as once popular retailers struggle to keep their brick-and-mortar operations relevant for shoppers. Among the major retailers closing down as a Read more…

IMF projects Japan’s economic growth to continue, with a noticeable increase in consumption anticipated later this year. According to a report, Japan’s growth rate is expected to decelerate to 0.9% in 2024, largely due to Read more…

Fed Vice Chair Philip Jefferson indicated that with the economy showing robust job growth, Fed can focus “even more so” on ensuring that inflation returns to its 2% target. Jefferson acknowledged the slow progress in Read more…

UK set to report further softening in employment conditions Data accuracy issues persist, but wage growth could still move the pound GBPUSD needs to gain buying confidence above 1.2700 BoE leans towards a rate cut The Bank Read more…

Key themes: Markets were in a holding pattern overnight as investors await key US inflation data later this week. US Fed Chair Powell is also due to speak, possibly providing further insights on future rate moves. Read more…

Platinum reversed from resistance level 1010.00 Likely to fall to support level 990.00 Platinum just reversed down from the major resistance level 1010.00, which has been reversing the price from the end of December. The Read more…