Bitcoin continues to hold support around $28,730 – trendline resistance overhead. JP Morgan upgrades crypto and calls it a preferred alternative asset. And Guggenheim CIO Scott Minerd calls for Bitcoin to fall to $8k in Davos interview. Daily price is on bearish ranging within 27,993 support for the bearish trend to be continuing with 25,247 target to re-enter and 32,940 resistance level for the daily bullish reversal to be started. ...
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plummeted by much more than expected in the month of April. NAR said its pending home sales plunged by 3.9 percent to 99.3 in April after tumbling by 1.6 percent to a revised 103.3 in March. more...
With inflation remaining stubbornly elevated, the minutes of the Federal Reserve's latest monetary policy meeting showed the central bank intends to move "expeditiously" to a more neutral monetary policy stance. The minutes revealed the Fed plans to use both interest rate increases and reductions in the size of its balance sheet to achieve a neutral posture. more...
The manufacturing sector in Japan continued to expand in May, albeit at a slower pace, the latest survey from Jibun Bank showed on Tuesday with a manufacturing PMI score of 53.2. more...
The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 55.3. more...
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