Australian Dollar Hits 4-month High

Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level for the past seven days. Bitcoin is trading near $61.9K, forming a sequence of […]

CADJPY reversed from support level 104.60 Likely to rise to resistance level 107.00 CADJPY today reversed up from the key support 104.60 (which has been repeatedly reversing the price from July) standing below the lower daily Bollinger Band. The key support 104.60 was strengthened by the 38.2% Fibonacci correction of the upward impulse from March. […]

Markets Washington-based Fed governor Cook in a speech for the Economic Club of NY joined SF Fed Daly (voter) in warning that the US labour market could change very quickly and that official stand ready to respond. She also referred to the fact that payrolls job gains were overstated last year and may continue to […]