Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of BTCUSD published in members area of the website. Recently Bitcoin made recovery against the 69097.5 Read more…
USDCHF has been underperforming today, returning below the key 22-month high of 0.9535 that was reached on Tuesday. When looking at the bigger picture, the pair has been developing within an uptrend since June 2020. The RSI’s momentum is too weak to provide Read more…
Economists say that the Bank of England won’t raise interest rates after May as the UK economy looks set to contract in the second quarter. Meanwhile, the economic slowdown and a renewed sense of caution Read more…
Stock futures mixed as Treasury yields rise, earnings underwhelm; Netflix shares pummeled as subscriber exodus prompts advertising re-think; IBM shares rise after solid earnings, robust cloud revenue outlook; Tesla earnings on deck with margins, outlook Read more…
USDJPY has recorded a 20-year high of 129.40 within the 129.00-129.57 resistance area, shaped by the highs from the first half of May 2002 and the latter being the inside swing low from mid-April 2002. Read more…
Eurozone goods exports rose 17.0% yoy to EUR 215.8B in February. Imports rose 38.8% yoy to EUR 223.4B. Trade deficit came in at EUR -7.6B. Intra-Eurozone trade rose 25.6% yoy to EUR 202.5B. In seasonally Read more…
Eurozone industrial production rose 0.7% mom in February, below expectation of 0.8% mom. Production of durable consumer goods rose by 2.7%, non-durable consumer goods by 1.9% and intermediate goods by 0.9%, while production of capital Read more…
EUR/USD rises post German PPI, ahead of the French election debate EURUSD is rising after two days of declines and after stronger than expected German PPI inflation. German PPI jumped to 30.9% YoY in March, Read more…
NZDUSD switched to a recovery operation on Wednesday after halting its downleg near a three-week low of 0.6714 and around the bottom of the Ichimoku cloud. Despite its latest deceleration, the pair maintains a neutral Read more…
The dollar index eases from new two-year high in early Wednesday, with the action seen as technical correction on overbought studies, as the greenback remains well supported by safe-haven buying on rising uncertainty over Ukraine Read more…