Category: Cryptocurrencies

DXY: On the H4 timeframe, prices are on bullish momentum and abiding by our daily ascending trendline. We see the potential for a bounce from our 1st support at 95.568 in line with 50% Fibonacci Read more…

Daily Pivots: (S1) 1.1402; (P) 1.1425; (R1) 1.1447; More… EUR/USD is still staying in consolidation in tight range and intraday bias remains neutral. As noted before, a medium term bottom could be in place at Read more…

Key Highlights USD/CHF corrected gains from the 0.9340 resistance zone. There is a key bullish trend line forming with support near 0.9215 on the 4-hours chart. EUR/USD is holding gains above 1.1400, and GBP/USD attempts Read more…

AUDUSD broke resistance level 0.715 Likely to rise to resistance level 0.7300 AUDUSD currency pair recently broke the key resistance level 0.715 (former strong support from the start of Januarys). The breakout of the resistance Read more…

Japan corporate goods price index rose 8.6% yoy in January, slowed slightly from December’s 8.7% yoy, but beat expectation of 8.2% yoy. At 109.5, the index was at the highest level since September 1985. Export Read more…

Cleveland Fed President Loretta Mester “each meeting is going to be in play” regarding interest rate decisions. She added, “we’re going to assess conditions, we’re going to assess how the economy’s evolving, we’re going to Read more…

In a speech, BoC Governor Tiff Macklem said current inflation, close to 5%, is “too high”. But that is “not the result of generalized excess demand in the Canadian economy”. Inflation “largely reflects global supply Read more…

Increasingly higher inflation prints from the US may harm rather than prop up the US dollar index (DXY). A big beat on January CPI is needed Increasingly higher inflation prints from the US my harm Read more…