Bitcoin collapsed 9.5% on Monday and dipped temporarily below $30K in early trading on Tuesday, stabilising at $31.3K. Ethereum has lost 3.9% in the past 24 hours, while other leading altcoins in the top 10 Read more…
The sell-off in Wall Street continued Monday as the Dow Jones plunged by over 600 points and the Nasdaq 100 fell by 500 points. Stocks continued declining as investors continued to worry about the rising Read more…
NZDJPY experienced a very sharp drop in recent sessions, sliding below its 50-day moving average to find support near its lower Bollinger band. The uptrend that started in late January seems to be unravelling as Read more…
Silver edged lower as US Treasury yields stayed high. A break below the recent consolidation range at 22.20 suggested a lack of buying interest and prompted early bulls to bail out. The price is testing Read more…
The pound weakens as fears of a recession in the UK take hold. The pair’s recovery accelerated after it broke above this year’s high at 0.8510. A bullish reversal in the medium-term could be in Read more…
The US dollar continues upward over the interest rate differential. The pair’s steep climb over the past month pushed the RSI into an extremely overbought condition on the daily chart. A pullback may be due Read more…
Whilst EUR/USD remains within a 150-pip range, momentum has turned higher form the midway point and hints at a run for 1.0600. Asian Indices: Australia’s ASX 200 index fell by -81.3 points (-1.14%) and currently Read more…
EUR/USD Neither the bears, nor the bulls managed to gain enough momentum and the EUR/USD remained locked in the zone between 1.0480 – 1.0570. The market sentiment remains negative – for a depreciation of the Read more…
EURJPY gained little this week and remained above the 20-day simple moving average (SMA). The price is finding strong resistance obstacle near the 138.00 psychological mark and any advances above this critical level would endorse Read more…
Markets Bond markets are in a schizophrenic state of mind these days. Core bond yields surge at one occasion, bracing for super aggressive tightening cycles by the likes of the Fed but tumble at another Read more…