Bitcoin rose 2.4% to $30.5K in the past 24 hours. Ethereum added 0.2% to $1820. Ether was unexpectedly among the laggards. Altcoins from the top 10 rose from 1.5% (BNB) to 4.1% (Solana). Total crypto Read more…
Cable is moving within a narrow range in early Friday and remains constructive after Thursday’s 0.75% advance. Technical picture is mixed, as moving averages of 10/20/30 days are conflicting, bullish momentum is weaker and RSI Read more…
The price of crude oil rose even after the latest decision by OPEC and its partners pledged to boost production. They will increase production by 650k barrels a day in July and August. This is Read more…
Eurozone retail sales dropped -1.3% mom in Apr, much worse than expectation of 0.3% mom rise. Volume of retail trade decreased by -2.6% for food, drinks and tobacco and by -0.7% for non-food products, while Read more…
Key takeaways The war in Ukraine is contributing to the biggest commodity price shock in decades, adding to already significant inflation pressures and need for vigilant central bank tightening. Yet near-term economic growth will continue Read more…
Increased stress for the household sector and a major downward revision to the dwelling construction cycle have lowered our growth forecasts in 2022 from 4.5% to 4.0% and 2.5% to 2.0% in 2023. Still, 2022 Read more…
Eurozone PMI Services was finalized at 56.1 in May, down from April’s 57.7. PMI Composite was finalized at 54.8, down from April’s 55.8, a 4-month low. Looking at some member states, Ireland PMI composite dropped Read more…
USDCAD lost the battle with the 200-day simple moving average (SMA) on Thursday and tumbled to a three-week low of 1.2556 after two days of waiting to cross above the line and the 1.2655 resistance. Read more…
EUR/USD During yesterday’s trading session, the bulls found the level at 1.0640 to be a good opportunity to enter the market and we witnessed a rally that led to an increase in the value of Read more…
Daily Pivots: (S1) 162.49; (P) 162.96; (R1) 163.79; More… Intraday bias in GBP/JPY remains on the upside as rebound from 155.57 is in progress to retest 168.40 high. Firm break there will resume larger up Read more…