News

GBP Rallying on Better PMIs The British Pound is seeing firm demand across the European morning on Wednesday. GBPUSD is up around 0.72% on the day and close to testing current 2024 highs following some better UK data this morning. The latest round of UK PMIs came out better than forecast for last month with […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting after failing to break the support level. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0875 is expected, followed by a decline to 1.0715. The decline could be additionally supported by a […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Doji pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2055.00 level. After testing the resistance, the price could break above it and continue its upward momentum. However, the quotes could pull back to 2010.00 […]

JPY Rallying Post-BOJ On the back of the latest BOJ meeting overnight, the Japanese Yen is strengthening a little across early European trading on Tuesday. The BOJ held its headline policy unchanged, with rates remaining in negative territory, as expected. However, there were some hints in the outlook with regard to inflation that appear to […]

BTC Rout Continues The Bitcoin sell-off continues to deepen this week with BTC futures now down more than 20% from the YTD highs. Selling since the SEC approved a slew of spot-Bitcoin ETFs earlier in the month has largely been attributed to fund outflows from holders who bought in long before approval was granted. In […]

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