Category: Cryptocurrencies

Personal income was up 0.5% month-on-month (m/m) in March, a notch higher than the consensus estimate (+0.4% m/m). February growth was revised up to +0.7% m/m from +0.5% m/m reported earlier. Strong growth in compensation Read more…

GBPUSD has steadied around 1.2550 and is attempting a rebound after plunging to a 22-month low of 1.2410 on Thursday. The RSI has reversed higher but has yet to exit the oversold zone, while the Read more…

It’s been another wild ride in the markets this week but indices are on course to end it roughly where they started. There has been a lot to digest this week, not least from companies Read more…

Daily Pivots: (S1) 129.04; (P) 130.14; (R1) 131.95; More… Intraday bias in USD/JPY is turned neutral for consolidations. Outlook stays bullish as long as 126.91 support holds. Above 131.24 will target 61.8% projection of 121.27 Read more…

Daily Pivots: (S1) 0.9675; (P) 0.9717; (R1) 0.9761; More…. A temporary top is formed at 0.9578 in USD/CHF and intraday bias is turned neutral for consolidation. Downside of retreat should be contained above 0.9459 resistance Read more…

Daily Pivots: (S1) 1.2392; (P) 1.2481; (R1) 1.2549; More… A temporary low is formed at 1.2410 with current recovery. Intraday bias in GBP/USD is turned neutral for some consolidations first. Upside of recovery should be Read more…

Daily Pivots: (S1) 1.0460; (P) 1.0512 (R1) 1.0553; More… A temporary low is formed at 1.0470 with current recovery. Intraday bias in EUR/USD is turned neutral first, for consolidations. Upside of recovery should be limited Read more…

Lots of important economic data are released today but they’re largely ignored. Inflation data from the US and Eurozone are strong. Canada’s monthly GDP growth was well above expectation while Eurozone GDP growth turned weaker Read more…

ECB Chief Economist Philip Lane said in a Bloomberg TV interview, “the story is not the issue about are we going to move away from -0.5% for the deposit rate. The big issue which we Read more…