US Dollar Index (DXY) Tumbles as BLS Revises Job Growth Downward, Rate Cuts Loom

BTCUSD pauses pullback and rotates higher Conquers 70,000 but encounters strong resistance Momentum indicators are tilted to the upside BTCUSD (Bitcoin) had been undergoing a strong pullback from its all-time highs, dropping to as low as 60,760 last week. However, the price quickly recovered significant ground, surpassing the 70,000 psychological mark and to trade within breathing distance […]

Summary As was widely expected, the FOMC left the fed funds target range unchanged at 5.25%-5.50% at the conclusion of its May meeting. It was evident, however, that the Committee believes inflation’s return to its 2% objective likely has a somewhat longer and uncertain journey ahead. In the post-meeting statement, the Committee noted that “in […]

AUDUSD edges higher on Friday as traders collected part of profits from the drop in past four days. Today’s action marks the first gain this week, but the pair remains on track for a weekly loss of over 1% so far. Technical studies on daily chart are mixed and lack clearer direction signal, with lift […]