Market Fundamentals: Market participants are closely watching the Eurozone HCOB Composite Purchasing Managers’ Index (PMI) and the preliminary reading of the German Consumer Price Index (CPI) for further direction. Mixed inflationary pressures are...
GBPUSD Weekly Technical Analysis GBPUSD is currently trading near the 1.2630 level after showing bullish momentum over the past few weeks. The price is positioned around the 70-period moving average (MA) on the weekly timeframe, indicating a...
The morning trade on Friday saw Bitcoin set up a modest rally, since it seems to be testing the waters to obtain a rupture of its prolonged consolidation phase. At present, the market is characterized by significant noise, with oscillating prices...
The AUD/JPY pair is currently trading at 94.84, showing a range-bound movement with recent downward pressure toward a key support level of 94.45. This level has previously acted as strong support, indicating the possibility of a rebound if the price...
The price of bitcoins has been consolidated between $ 94,000 and $ 100,000 since the beginning of February. Us Bitcoin Spot Data ETF has seen a total outflow of $ 489.60 million by Thursday. The Cryptoquant report suggests that if demand and...
