ETHUSD (Ethereum) had been trending higher since the beginning of the year, peaking at a fresh 11-month high of 2,142 after the successful completion of the Shanghai update. However, the digital coin experienced a significant Read more…
Eurozone goods exports to the rest of the world rose 7.6% yoy in February to EUR 232.7B. Goods imports rose 1.1% yoy ton EUR 228.1B. Trade surplus came in at EUR 4.6B, the first surplus Read more…
AUDUSD had been trending lower within a downward sloping channel after peaking at 0.7157 in early February. Although the pair managed to break above this bearish pattern, it has been directionless since then, with the recent completion of a Read more…
Daily Pivots: (S1) 1.3407; (P) 1.3437; (R1) 1.3489; More…. Intraday bias in USD/CAD remains neutral and outlook is unchanged. Another decline cannot be ruled out with 1.3552 resistance intact. But still, fall from 1.3860 is Read more…
Market movers today Today we get April consumer confidence out of both the euro area and Denmark. It will be interesting to see if the mood among consumers continues to improve. Statistics Norway releases its Read more…
Daily Pivots: (S1) 0.6689; (P) 0.6715; (R1) 0.6740; More… AUD/USD dips mildly today but stays in range of 0.6619/6804. Intraday bias remains neutral at this point. On the downside, break of 0.6619 will indicate that Read more…
In Q1, New Zealand CPI growth slowed down from prior quarter’s 7.2% yoy, registering a 6.7% yoy increase, falling short of the expected 7.0% yoy. The largest contributor to the annual inflation rate was the Read more…
Key Highlights Bitcoin price started a downside correction below $30,000. BTC is still above a key bullish trend line with support at $28,900 on the 4-hour chart. EUR/USD could attempt a fresh increase above 1.1000. Read more…