DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, suggesting the potential for a bullish bounce off the 1st support level, with a potential move towards the 1st resistance. The 1st support at 103.51 is identified as a pullback support and coincides with the 50% Fibonacci Retracement level. This confluence of […]
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Eurozone retail sales edged lower in March, with the volume of retail trade falling -0.1% mom, outperforming expectations for a steeper -0.4% mom decline. The data suggest consumer spending remains soft, as higher energy costs Read more…
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The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia’s tight monetary stance and a weaker US dollar. This week’s rate hike by the Read more…