Category: Cryptocurrencies

Wow what a week that was in financial markets. Tons to digest. Have a read below to find out more. Dollar Index (DXY): The greenback began the week strong as US yields surged higher before Read more…

Gold falls ahead of Powell Gold prices are falling, snapping a two-day winning run. Gold prices jumped yesterday on the weaker USD and as recession fears lifted the precious metal. Gold is on track to Read more…

Eurozone CPI was finalized at 8.1% yoy in May, up from April’s 7.4% yoy. All-items excluding energy rose from 4.1% yoy to 4.6% yoy. All-item excluding energy, food, alcohol and tobacco rose from 3.5% yoy Read more…

BoJ Governor Haruhiko Kuroda said in the post-meeting press conference, “the recent rapid weakening of the yen is raising uncertainty over the outlook and making it hard for companies to draw up business plans so Read more…

Cable eases in early Friday, following strong rebound in past two days which lost traction at the first strong obstacle at Fibo 38.2% of 1.3147/1.1933 descend, denting initial signal of reversal. Sterling was boosted by Read more…

Daily Pivots: (S1) 160.92; (P) 162.36; (R1) 164.71; More… Break of 165.14 minor resistance suggests that pull back from 168.76 has completed at 159.97. Intraday bias is back on the upside for retesting 168.67. Firm Read more…

Daily Pivots: (S1) 138.02; (P) 139.31; (R1) 140.79; More…. Breach of 141.48 minor resistance suggests that pull back from 144.23 has completed at 137.83. Intraday bias is back on the upside for retesting 144.23 first. Read more…

Daily Pivots: (S1) 1.4862; (P) 1.4975; (R1) 1.5085; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.4759 support will suggest that rebound from 1.4318 has completed. Intraday bias Read more…

Daily Pivots: (S1) 0.8492; (P) 0.8563; (R1) 0.8614; More… Intraday bias in EUR/GBP stays neutral at this point. Further rise is expected as long as 0.8484 support holds. Break of 0.8720 and sustained trading above Read more…

Daily Pivots: (S1) 1.0081; (P) 1.0249; (R1) 1.0367; More…. Intraday bias in EUR/CHF stays on the downside for 1.0086 support first. Corrective rebound from 0.9970 should have completed already, after second rejection by 1.0505 support Read more…