Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0665 and then resume moving downwards to reach 1.0435. Another signal in favour of a […]
EURUSD took a huge hit after the ECB meeting. The major currency pair dropped to its 2-week lows. The current quote for the instrument is 1.0619. The EUR was attacked from two fronts at the same time – the rally in US bond yields and the decisions made by the European Central Bank. The “greenback” […]
June ECB Meeting Up NextThe key data focus for traders today will be the June ECB meeting. Hawkish expectations are already elevated ahead of the meeting with the market looking for the bank to announce an end to asset purchases along with giving a clear signal that a July rate hike is coming. With EUR […]
Type: Bullish RiseKey Levels:Resistance: 1891.47 Pivot: 1838.042Support: 1829.137Preferred Case:On the H4, with price moving in the ascending trendline and entering the bullish pressure area on the MACD indicator, we have a bullish bias that price will rise from the pivot at 1838.042 at the swing low to the 1st resistance at 1891.47 in line with […]
The adoption of Bitcoin (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global take-up likely to hit 10% by 2030 according to a new report. In its June 8 report, Blockware Intelligence said it arrived at this forecast by examining historical adoption curves for […]
Oatly Group AB OTLY, -5.09% said Thursday that it has added five heavy-duty electric trucks to its fleet in the U.S. The plant-based dairy company has had electric vehicles in use in Europe since 2020. The company’s goal is to move entirely to sustainable ground transportation by 2029. Oatly is working with its European partner […]