Cryptocurrencies
Technical Outlook and Review
DXY: On the weekly, prices have approached a pivot. With RSI at all time high and divergence spotted, we see the potential for a dip from our 1st resistance at 99.183 in line with 78.6% Read more…
Cryptocurrencies
US NFP unlikely to alter Fed hike
US non-farm payrolls report is expected to show 488k job growth in March. Unemployment rate is expected to tick down further from 3.8% to 3.7%. Average hourly earnings are expected to return to growth at Read more…
Cryptocurrencies
China Caixin PMI manufacturing dropped to 48.1, fastest contraction in two years
China Caixin PMI Manufacturing dropped from 50.4 to 48.1 in March, below expectation of 49.7. The pace of contraction was quickest since February 2020. Caixin said production fell at quickest rate for just over two Read more…
Cryptocurrencies
Japan PMI manufacturing finalized at 54.1, improvement in operation but subdued international markets
Japan PMI Manufacturing was finalized at 54.1 in March, up from February’s 52.7. Markit said there was renewed rise in output and stronger new order growth. But export orders had sharpest fall for 20 months. Read more…
Cryptocurrencies
Australia AiG manufacturing rose to 55.7, price pressures stepped up
Australia AiG Performance of Manufacturing Index rose from 53.2 to 55.7 in March. Looking at some details, production dropped -1.2 to 53.4. Employment rose 9l9 to 53.4. New orders rose 5.2 to 65.0. Input prices Read more…
Cryptocurrencies
USD/JPY Approaches Key Support Ahead of US NFP
Key Highlights USD/JPY started a fresh decline from the 125.00 resistance zone. It traded below a major bullish trend line with support near 122.30 on the 4-hours chart. Crude oil price is struggling to gain Read more…
Cryptocurrencies
US Non-Farm Payrolls Preview – Another Huge Month of Job Gains Expected
With the US payrolls in focus in the session ahead and some increased interest from clients to assess the risk and reward trade-off – here are some views that may be of interest. US non-farm Read more…
Cryptocurrencies
Oil Report: Is this What Oil Traders Have Been Waiting For?
In the past days, WTI continued to trade lower basically reversing the ground it gained in the previous week. We are currently going through a very interesting time for the Oil market, with a number Read more…
Cryptocurrencies
After a Strong March, US 10-Year Yields and USD/JPY May be Ready for a Pullback
When the Fed met at its March 16th FOMC meeting, 10-year yields were already on the rise. However, at the meeting, the FOMC noted that ongoing increases in Fed Funds rates are appropriate. In addition, Read more…
Cryptocurrencies
Elliott Wave View: Oil Looking for Further Pullback
Short Term outlook in Oil suggests the decline from March 7, 2022 is unfolding as a double three Elliott Wave structure. Down from March 7 peak, wave (W) ended at 93.53 and rally in wave Read more…