DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum. However, there is a potential for price to make a bullish rise towards the 1st resistance. The 1st resistance level at 101.46 Read more…
Daily Pivots: (S1) 1.1020; (P) 1.1052; (R1) 1.1070; More… EUR/USD’s retreat from 1.1138 extends lower today but stays well above 1.0929 support. Intraday bias remains neutral for the moment. Further rally is expected as long Read more…
Dollar gains modest ground in Asian session today, driven by mild risk-off sentiment. Mixed data emerging from China’s PMI manufacturing sector has cast a shadow over market sentiment, contributing to a tepid start in Hong Read more…
Key Highlights Bitcoin price started a fresh rally after rumors of spot ETF approval by today. BTC broke a major declining channel with resistance at $43,000 on the 4-hour chart. The price could continue higher Read more…
Bitcoin soars notably today, and breaks 45k mark for the first time in nearly two years, signaling a resurgence in its medium-term uptrend. The flagship cryptocurrency could be gathering momentum to extend its medium term Read more…
December brought mixed signals from China’s manufacturing sector, as indicated by two key indices: Caixin PMI and official NBS PMI. Caixin PMI Manufacturing slightly increased from 50.7 to 50.8, surpassing expectations of 50.4, suggesting a Read more…
EUR/USD stays calm after pulling back from recent highs as US Dollar improves. Euro advanced by 3.16% against the Greenback in the year 2023. DXY may be retested on the market’s bets on the Fed’s Read more…
NZD/USD trades on a softer note near 0.6313 on the downbeat Chinese economic data. The Chinese NBS Manufacturing PMI came in at 49.0 in December vs. 49.4 prior, worse than expected. The markets expect that Read more…
Gold price gains ground near $2,065 during the early Asian session on Tuesday. The US Chicago Purchasing Managers’ Index (PMI) arrived at 46.9 in December vs. 55.8 prior, worse than expected. The chairman of the Read more…
