EURUSD remains firmly in red and hits two-month low on Monday morning, in extension of Friday’s 0.8% drop (the biggest daily loss since Jan 2). Fresh weakness broke through significant support at 1.0776 (100DMA) increasing Read more…
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of BTCUSD published in members area of the website. As our members know Bitcoin has given Read more…
The Australian dollar is slightly lower on Monday, after sliding 0.90% on Friday. In the European session, AUD/USD is trading at 0.6499, down 0.21%. Earlier, AUD/USD traded as low as 0.6486, its lowest level since Read more…
Check back for updates throughout the trading day U.S. equity futures slipped lower Monday, while Treasury yields and the dollar powered to multiweek highs, as investors recalibrated Federal Reserve rate forecasts ahead of another busy Read more…
OECD’s latest Interim Economic Outlook report presents a cautiously optimistic upgrade in global growth forecasts for 2024 to 2.9% (up from November’s 2.7% forecast), a notable uplift largely attributed to stronger performance of US economy. Read more…
USDJPY trades sideways after failing to extend its breakout RSI and MACD are hovering in their positive regions Stochastic indicates overstretched market USDJPY came close to breaking the 148.81 level in the preceding week, recording Read more…
Market picture Buying on dips remains the dominant tactic in the crypto market. Capitalisation rose 1.8% in seven days to $1.65 trillion. Previously, the ‘what doesn’t rise, falls’ formula was often applied to cryptocurrencies. However, Read more…
Eurozone PPI was down -0.8% mom, -10.6% yoy in December, versus expectation of -0.8% mom, -10.6% yoy. For the month, industrial producer prices decreased by -2.3% mom for energy and by -0.3% mom for intermediate Read more…
Eurozone Sentix Investor Confidence index climbed for the fourth consecutive month to -12.9, marking its highest point since April 2023. Both Current Situation Index, now at -20.0 (its peak since June 2023), and Expectations Index, Read more…
UK PMI Services was finalized at 54.3 in January, up from December’s 53.4. PMI Composite was finalized at 52.9, up from prior month’s 52.1. Tim Moore from S&P Global noted the service sector’s performance revival, Read more…