XAU/USD kisses $1,880 after a sheer recovery amid softer US yields
Share: Gold price has touched $1,880.00 amid a recovery in the risk-on market mood. Softer US yields are weighing on the USD Index despite hawkish Fed bets. Gold price is auctioning in a re-distribution episode in Wyckoff’s markdown phase. Gold price (XAU/USD) has refreshed its day’s high above $1,880.00 in the Asian session. The gold […]
Dutch Crypto Exchange Bitvavo Expects at Least 80% Recovery from DCG
Bitvavo, an Amsterdam-based cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading […]
Recovery fades near 159.50 as key DMAs, trend lines probe bulls
Share: GBP/JPY bulls struggle to keep the reins after two-day uptrend. 10-DMA, 21-DMA and two-month-old resistance line challenge immediate upside amid sluggish MACD. Bears should wait for 61.8% Fibonacci retracement breakdown. GBP/JPY makes rounds to 159.40 while fading the two-day uptrend during early Tuesday. In doing so, the cross-currency pair jostles with the […]
Recovery remains elusive below $75.40
WTI picks up bids to snap three-day downtrend at monthly low. Bearish MACD signals, previous support line challenge buyers. Upside appears doubtful below 100-DMA, descending trend line from August also challenges the Oil buyers. Seven-week-old horizontal support limits immediate downside ahead of 2023 bottom. WTI crude oil licks its wounds near the one-month low, picking […]
Dollar Major Recovery Becomes a Real Risk After a Surprisingly Strong US Payrolls Report |
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NZD/USD struggles to sustain above 0.6500 as USD Index shows stellar recovery
NZD/USD is facing hurdles in shifting its auction above 0.6500 amid a recovery in the USD Index. Softening consumer spending has bolstered the expectations of a smaller interest rate hike by the Fed. This week, the release of the NZ Employment data will be of utmost importance. The NZD/USD pair is failing in keeping its […]
Goldman Sachs raise China equity index target, ‘reopening’ evolves into ‘growth recovery’
Goldman Sachs target China’s CSI300 to 4800 had previously set their target at 4500 GS says China is evolving from “reopening” to a wider “growth recovery” theme — UBS also, says “we continue to hold a positive view on the China market”, citing: herd immunity occurring faster than expected undemanding valuations policy support likely to […]
AUD/USD extends recovery above 0.7100 despite caution stems in market mood
AUD/USD has scaled to near 0.7115 after a recovery move despite solidifying cautionary market mood. The Fed might hike interest rates by 25 bps and keep them steady at 4.75-5.00% for the remaining year. Australian monthly Retail Sales are expected to display de-growth by 0.3%. The AUD/USD pair has accelerated to near 0.7115 after rebounding from […]
Extends recovery firmly to near 141.50
The Euro bulls are showing strength ahead of the German GDP data release. A recovery move above the 20-EMA indicates the short-term trend is bullish. The RSI (14) is still in the 40.00-60.00 range, showing the absence of a potential trigger. The EUR/JPY pair sensed a significant buying interest after dropping to near the four-day […]
China’s cabinet said it will promote consumption recovery, boost imports to drive economy
A statement from China’s State Council over the weekend reported via state broadcaster CCTV. In brief: Statement came after a meeting chaired by Premier Li Keqiang said it would promote a consumption recovery as the major driver of the economy would boost imports to quicken the rollout of foreign investment projects to maintain a stable […]