Daily Pivots: (S1) 1.3744; (P) 1.3769; (R1) 1.3814; More… USD/CAD’s rally is still in progress and intraday bias stays on the upside. Current rally from 1.3176 would target 100% projection of 1.3176 to 1.3540 from Read more…
Daily Pivots: (S1) 0.6422; (P) 0.6458; (R1) 0.6477; More… AUD/USD’s break of 0.6442 support confirms resumption of whole fall from 0.6870. Intraday bias remains on the downside for 61.8% projection of 0.6870 to 0.6442 from Read more…
Dollar is capitalizing on its strong position and extends its rally om Asian session today, as risk aversion grips global markets. US stocks, which initially showed gains overnight, ultimately closed significantly lower as Treasury yields Read more…
Banking giant Goldman Sachs wasn’t expected to wow investors with its first-quarter results. But the results were strong enough to cheer Wall Street on an otherwise dreary day for stocks. The S&P 500 opened the Read more…
Key Highlights Bitcoin price started a fresh decline below $68,000 and $65,000. BTC is facing hurdles near $68,000 and a bearish trend line on the 4-hour chart. Crude oil price corrected gains below $86.20. Gold Read more…
China’s GDP grew 5.3% yoy in Q1, above expectation of 5.0% yoy. Comparing to Q4, GDP grew 1.6% yoy. By sector, primary industry was up 3.3% yoy, secondary industry rose 6.0% yoy, tertiary industry rose Read more…
San Francisco Fed President Mary Daly emphasized a cautious approach to interest rate reductions. Given the current economic and labor market strength, coupled with persistently high inflation rates, she highlighted the lack of urgency to Read more…
China’s Q1 GDP expected to fall below 5.0% on Tuesday at 02:00 GMT Expansion to remain solid but unlikely to quell stimulus calls AUDUSD tests lower boundary of the 2024 range China to report weaker Read more…
S&P 500 falling inside sharp c-wave Likely to fall to support level 5000.00 S&P 500 index continues to fall inside the sharp c-wave of the minor ABC correction ii from the end of last month. Read more…
EURUSD broke support level 1.0730 Likely to fall to support level 1.0570 EURUSD currency pair fall after the earlier breakout of the key support level 1.0730 (which has been reversing the price from December) intersecting Read more…