Latest Market News
Retail Sales Slide in March GBP is under pressure today on the back of a negative set of UK retail sales released this morning. March retail sales came in at -0.9%, down sharply from the prior month’s 1.1% reading and worse than the -0.5% the market was looking for. UK economic concerns have been a […]
Brent On H4, Brent quotes have broken the 200-day Moving Average and are now below it, which indicates probable development of a downtrend. However, the RSI is already in the oversold area. As a result, the price is expected to break 2/8 (81.25) and next, reach the resistance at 3/8 (84.38). The scenario can be […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, EURUSD has formed a Harami reversal pattern. Currently, the pair can go by the reversal signal in an ascending wave. The target for the correction will be 1.1050. However, the quotes may correct to 1.0910 and continue the uptrend after testing the support. USDJPY, […]
Alongside the BTC, this week’s sales also affected the ETH (-10% over the week), the XRP (-13%), the ADA (-8.6%), the MATIC (-12%), the DOT (-10.8%), and more. Practically, the market is selling widely and wildly. What is the point? Due to the high correlation with the US stock market, the crypto section is extremely […]
The British pound against the US dollar on Friday is retreating. The current quote is 1.2400. In the morning, Britain published curious reports. The GfK CCI in the country in April rose to -30 points from -36 points previously. The improvement here could be explained by the decline in the pressure from consumer prices, yet […]
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