News

The most traded currency pair in the market continues to retreat. The current quote in EURUSD is 1.0860. The US currency is in high demand as a safe haven asset. It is being heavily supported by rising US government bond yields. This came after Friday’s publication of statistics from the University of Michigan. The preliminary […]

The BTC rate stabilised around 27,413 USD on Monday. The weekly loss is estimated at 2%. The leading cryptocurrency rose today above intermediate resistance at 27,300 USD. This may force sellers to reduce volumes, but for a solid rise, the quotes need to secure above the 29,300 USD level. The target to secure is at […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF is pushing off the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.8935 is expected, followed by a rise to 0.9075. An additional signal confirming the rise will be a rebound from the upper border […]

On Friday, the dollar continued to gain ground, while the price of gold dropped to $2000 per ounce. This occurred as the details of the US Consumer Price Index (CPI) report for April failed to fully convince investors that the Federal Reserve would refrain from raising interest rates in June. Additionally, the argument regarding lower-than-expected […]

UK Growth Falls in March The latest set of UK economic data has added to concerns for the UK economy. On the back of the BOE yesterday warning that inflation was likely to persist at higher levels for longer than previously thought, the economy was seen contracting by 0.3% in March. Data released by the […]

Crypto Collapse Continues Bitcoin futures are extending losses today as the sell off from recent highs around the 31110 level continues to build. The crypto sector has been hit with negative news flow this week which has rocked investor sentiment. News of processing issues at Binance, the largest crypto exchange, has struck a sour note […]