Category: Cryptocurrencies

Eurozone unemployment rate was unchanged at 6.8% in April, above expectation of 6.7%. EU unemployment rate was also unchanged at 6.2%. Eurostat estimates that 13.264m men and women in the EU, of whom 11.181m in Read more…

NZDUSD is fading from the vicinity of the upper Bollinger band that is just shy of the 0.6600 handle, both being upside deterrents, which are encapsulated in a resistance boundary established by the May 5 Read more…

UK PMI Manufacturing was finalized at 54.6 in May, down from April’s 55.8. S&P Global said output grew at seven-month low. Consumer goods sector was hit by weaker consumer demand. Input cost and output price Read more…

USDJPY is headed for a fourth straight day of gains, having glided off the 50-day moving average (MA) after tumbling to a one-month low of 126.35 on May 24. The pair has now retraced more Read more…

Eurozone PMI Manufacturing was finalized at 54.6 in May, down from April’s 55.5. That’s the lowest level in 18 months. Looking at some member states, the Netherlands dropped to 18-month low at 57.8. Austria dropped Read more…

Daily Pivots: (S1) 161.33; (P) 161.84; (R1) 162.74; More… GBP/JPY’s rebound from 155.57 resumes by breaking 161.83 minor resistance. Intraday bias is back on the upside for retesting 168.40 high next. Firm break there will Read more…

Daily Pivots: (S1) 137.23; (P) 137.73; (R1) 138.67; More…. EUR/JPY’s break of 138.33 resistance suggests that pull back from 139.99 has completed, and larger up trend is resuming. Intraday bias stays on the up side Read more…

Daily Pivots: (S1) 0.8495; (P) 0.8512; (R1) 0.8534; More… Intraday bias in EUR/GBP stays neutral as range trading continues. Further rally is in favor with 0.8365 support intact. On the upside, break of 0.8617 will Read more…

Daily Pivots: (S1) 1.4889; (P) 1.4941; (R1) 1.5006; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the downside, break of 1.4882 support will reaffirm that case that corrective rebound from 1.4318 Read more…