Category: Cryptocurrencies

UK PMI Manufacturing ticked up from 55.2 to 55.3 in April, above expectation of 54.9. PMI Services dropped from 62.6 to 58.3, below expectation of 60.3. PMI Composite dropped from 60.9 to 57.6. Chris Williamson, Read more…

Eurozone PMI Manufacturing dropped from 56.5 to 55.3 in April, above expectation of 54.5. That’s the lowest level in 15 months. PMI Services rose from 55.6 to 57.7, above expectation of 55.0. That’s the highest Read more…

Germany PMI Manufacturing dropped from 56.9 to 54.1 in April, below expectation of 54.4. That’s also the lowest in 20 months. PMI Services rose from 56.1 to 57.9, above expectation of 55.5. That’s a 3-month Read more…

France PMI Manufacturing rose from 54.7 to 55.4 in April, below expectation of 56.4. PMI Services rose from 57.4 to 58.8, above expectation of 53.7, highest in 51 months. PMI Composite jumped from 56.3 to Read more…

The risk-off is in full swing following FOMC Jerome Powell speech, who mentioned that they are planning to get interest rates “expeditiously” to neutral. Powell acknowledged that 50 basis points rate hikes will be on Read more…

USDCAD has bounced back towards its 50- and 200-day moving averages (MA) after dipping to a more than two-week low of 1.2458 on Thursday. The price is currently testing the 38.2% Fibonacci retracement June-December 2021 Read more…

The Australian dollar extends strong fall into second day (the pair was down 1.02% on Thursday and fell nearly 1% in early Friday), hitting new five-week low and pressuring key supports. The Aussie came under Read more…

The US dollar rose while stocks retreated after a hawkish statement by Jerome Powell, the Fed chair. In a speech at an IMF forum, Powell signaled that the central bank was likely to hike rates Read more…

Crude oil price started a downward move from well above the $108 level against the US Dollar. The price declined below the $100 level to move into a short-term bearish zone. A low was formed Read more…