Entries with no category
A report released by the Conference Board on Tuesday showed a modest decrease in U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index dipped to 106.4 in May from an upwardly revised 108.6 in April. more...
The US Dollar (via the DXY Index) has lost ground for two consecutive weeks. Interest rate differentials have narrowed among the major currencies, undercutting a key source of US Dollar strength in recent months. Incoming US economic data won’t do any favors for the ‘US recession’ calls, but key US labor market figures will likely remain strong. The US Dollar has a bearish bias heading into the first week of June. more...
The Euro saw its best two-week performance since January as the markets boosted ECB rate hike bets and cooled Fed tightening expectations. EUR/USD still faces multiple obstacles next. Daily price was bounced from 1.0349 support level to above for the bear matrket rally to be started. The price is trying to break the bullish triangle pattern with 1.0764 resistance level to above for the possible bullish reversal to be started. Alternatively, the ...
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...
Recent Visitors
Archive
Go to Profile
Mark as Read