Latest Market News
The US Dollar is down against G10 currencies for a second consecutive week, there was a major attempt to break below the key 101.50 level in DXY following notable recovery in risk sentiment in the US equity market on Thursday which also provided some bullish momentum to APAC and European markets today. And while fluctuations […]
Type: Bullish BounceKey Levels:Resistance: 1869.9Pivot: 1846.5Support: 1832.7Preferred Case:On the H4, with prices moving above the ichimoku indicator and breakout from descending trendline, we have a bullish bias that price will rise from our pivot at 1846.5 where the horizontal pullback support is to our 1st resistance at 1869.9 in line with the horizontal swing high […]
The PCE inflation index is forecast to rise 0.2% in April in what would be the smallest increase in a year and a half. The core PCE, which strips out food and energy, is also seen rising a smallish 0.3%. Consumer spending is expected to increase 0.7% in April, based on a survey of economists […]
Three Republican senators introduced a bill to protect Americans from the “Authoritarian Digital Currencies Act.” 2085 Total views 140 Total shares Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency. Three Republican senators, Tom Cotton, Mike Braun and Marco […]
President Joe Biden had planned to announce forgiveness for student loans as soon as this weekend as he gives a speech at the University of Delaware’s commencement, but that timing has changed after Tuesday’s school shooting in Uvalde, Texas, according to a Washington Post report on Friday citing unnamed sources. White House officials currently plan […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new rising impulse. In this case, the upside target may be the resistance level at 1885.50. At […]