Bitcoin is trading near $33.5K on Monday morning, declining for the fifth consecutive day. Over the past 24 hours, losses are 2.3%, and are approaching 14% over the past seven days. Ether loses 3.5% in Read more…
Global stocks are still on edge as worries about the Federal Reserve continued. Futures tied to the DAX and Nasdaq 100 continued dropping in early trading. The sell-off accelerated when the Fed decided to reduce Read more…
The selloff in Chinese Yuan accelerates again today as the Chinese government tightened up city-wide lockdown in Shanghai again. The decision came after President Xi Jinping’s pledge last week to double down on the “battle” Read more…
Gold started Monday’s session on the wrong foot of what it could turn into its fourth consecutive week of declines. The 1,870 area is currently buffering selling tendencies, but the momentum indicators are still feeding scepticism. The Read more…
The Dax 40 tumbles as risk appetite subsides amid global policy tightening. The index has met stiff selling pressure at the origin of the late April sell-off at 14300. A drop below the psychological level Read more…
The Canadian dollar softens as April’s labour market performance fell short of expectations. A combination of a break above March’s high (1.2900) and a bullish MA cross on the daily chart confirms the market’s upbeat Read more…
The US dollar climbed after better-than-expected NFP in April. The euro is licking its wounds after it broke March 2020’s lows near 1.0640. The price is seeking support above March 2017’s lows (1.0500). The previous Read more…
Eurozone Sentix Investor Confidence dropped from -18.0 to -22.6 in May, worse than expectation of -20.8. The’s the third decline in a row, and the lowest reading since June 2020. Current Situation index dropped from Read more…
EUR/USD During the last week, the single European currency was trading around the key level at 1.0565, but the week ended with a breach of 1.0565 – a level that already plays the role of Read more…
Markets Last week ended with another joint sell-off in stocks and bonds after solid April payrolls. The report provided the Fed with all the arguments to continue its recently beefed up tightening pace, even as Read more…