Bitcoin Takes a Dive: Will This Support Level Trigger a Rebound?

The US Dollar (USD) lost momentum on Tuesday, reversing some of Monday’s gains and moving closer to key support levels around 106.00, as measured by the Dollar Index (DXY). Meanwhile, the Australian Dollar (AUD) bounced back slightly, recovering some earlier losses, although it remained below the 0.6500 mark during sideways trading. Rising export prices for […]

U.S. Highlights The Federal Reserve held the policy rate steady this week and signaled that rates will likely remain higher for longer. The U.S. jobs engine slowed in April, adding 175k jobs. The unemployment rate rose modestly to a still low 3.9%. Last year’s productivity surge has come to an end. Productivity growth slowed to […]

GBPJPY moves without direction in the past two weeks The 50- and 200-day SMAs curb upside and downside, respectively RSI and MACD are deep in their negative zones GBPJPY had been in a prolonged uptrend since January, posting an eight-year high of 188.64 on November 24 before experiencing a pullback. In the short-term, the pair is undergoing a […]