Yen Heads for a New Round of Growth

Markets It was a slow but constructive start of the week. The economic calendar had little to offer with the exception of the German Ifo indicator. Confidence fell in June from May with the headline series easing from 89.3 to 88.6. Both the current assessment (88.3) and the expectations (89.0) component fell short of expectations. […]

WTI crude oil still above SMAs RSI and MACD indicate weakening momentum WTI crude oil futures are continuing to bounce off the 72.45 support level, remaining in an upside mood, but the current very short-term view is neutral. The price stands above the 81.90 support level after the bullish crossover within the 20-, 50- and 200-day […]

Market picture The crypto market continues to avoid gaining momentum on the upside but remains within an uptrend: the bulls fail to accelerate price gains, but the overall upward trend remains. ‘Extreme Greed’ persists in the markets, with the corresponding index at 79. In contrast, the sentiment in the stock markets is almost ‘Neutral’. Bitcoin […]