A sell-off in the equity market and a new wave of flight to the dollar on Thursday provided the perfect combination to knock out gold, which slipped to $1810 in thin trading on Friday morning, Read more…
Bears are taking a breather on Friday, as traders collects profits after a sharp fall this week (the index was down over 3% during Mon/Thu period. Stock markets were slashed by worries of high inflation Read more…
The New Zealand dollar is headed for its seventh consecutive losing week. NZD/USD has declined 2.51% this week and the currency is trading at July 2020 lows. The currency plunged 1.01% on Thursday but has Read more…
Stock futures moved higher as Powell rate soothe rate betting bulls; Twitter shares plunge as Elon Musk says $44 billion takeover ‘On Hold’; Bitcoin prices move higher as stablecoin market finds footing; Robinhood shares surge Read more…
Updated at 6:46 am EST Twitter (TWTR) – Get Twitter, Inc. Report shares plunged lower in pre-market trading after Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk said his $44 billion takeover of the social Read more…
Eurozone industrial production dropped -1.8% mom in March, slightly worse than expectation of -1.7% mom. Production of capital goods fell by -2.7%, non-durable consumer goods by -2.3%, intermediate goods by -2.0% and energy by -1.7%, Read more…
There are decades where nothing happens and there are weeks where decades happen is certainly a quote to sum up this week. Read below to find out more. Dollar Index (DXY): The week got off Read more…
Bitcoin added 0.6% on Thursday, ending the day around $28.6K, a modest gain but a significant intraday win. Bitcoin managed to find support near $25K on Thursday morning, reversing a multi-day decline. Since the start Read more…
USDCAD’s fresh advances have breached the broader 1.2927-1.2986 resistance barrier that extends back to early November of 2020. The longer-term 100- and 200-day simple moving averages (SMAs) are discreetly sponsoring the upside, while the rising Read more…
Daily Pivots: (S1) 154.98; (P) 157.14; (R1) 158.68; More… Intraday bias in GBP/JPY remains mildly on the downside for the moment. Current fall from 168.40 would target 150.95 key structural support next. For now, risk Read more…