WTI Crude Oil Starts Recovery Effort: Can It Sustain The Climb?

The S&P 500 hit its 44th record this year on Wednesday, Nasdaq 100 closed above the 20’000 mark. The Dow Jones index advanced 1% to an almost ATH, while investors were less enthusiastic regarding the small stocks, the Russell 2000 gained 0.26%. Over in Europe, the Stoxx 600 was better bid, the FTSE 100 recovered […]

NZDUSD declines sharply within descending channel Drops below both 50- and 200-day SMAs to a 4-month low Oscillators remain deep in their negative territories NZDUSD has been in an aggressive downtrend since its double rejection at the 0.6217 level in early March. Despite dropping to a fresh four-month bottom this week, the pair seems to be finding its footing […]

Market picture The crypto market has been going around in circles since 13 January, staying near levels 24 hours ago, although Bitcoin’s intraday range exceeded 3.5%. Reaching the highs of the recent trading range triggered a methodical sell-off early on Wednesday and quickly spread to the major altcoins. Bitcoin made local highs late on Tuesday, […]