Quick Look: AUD/USD hits 2024 lows, finding support at 0.6443, with eyes on further drops. Central banks’ moves and economic policies in the US and China drive the currency trends. US retail sales and Chinese economic reports, including Q1 GDP, shape market sentiment. Bearish patterns dominate the pair, suggesting potential continued declines. The Australian Dollar …
Quick Look: NZD falls to 0.5950. The bearish trend suggests a drop to 0.5840. Business NZ PSI contracts; BNZ forecasts a 2% GDP decline. The upcoming speech by Fed’s Lorie K. Logan is crucial for policy insights. Investors are watchful as upcoming data could sway markets. The New Zealand Dollar (NZD) continues declining against the …
Quick Look: US CPI rose by 0.4% month-over-month, with an annual increase of 3.5%. March’s Producer Price Index grew by 0.2% month-over-month and up by 2.1% yearly. ECB Holds rates, key rates unchanged; potential rate cut signalled by June. US retail sales are expected to rise by 0.3% month-over-month next Monday. The Consumer Price Index …
Quick Look: BitTorrent (BTT) surges by 8.49%, trading at $0.000002 against USD. Analysts forecast a 30.14% rise by April 16, reaching $0.0000022. RSI nears 50, suggesting a bullish trend; 27 bullish indicators signal a potential breakout. BitTorrent’s volatility presents potential high returns, offering opportunities for investors. In the rapidly fluctuating world of cryptocurrencies, BitTorrent (BTT) …
BitTorrent Up 8.49% Today, Predicts 30% Rise by April Read More »
Quick Look: Analysts predict a 30.05% price surge for Conflux (CFX), targeting $0.462016. Key support at $0.341736, with resistance near $0.360318. Neutral market sentiment with bullish technical indicators. Partnership with BlockBooster boosting Web3 development efforts. As of April 17, 2024, market analysts are predicting a significant surge in the price of Conflux (CFX), a key …
Conflux Set for 30% Surge to $0.462, Analysts Forecast Read More »
Quick Look: USD/CHF fell by 0.32%, breaking below the 0.9100 support. Despite a recent dip, the pair remains up 9.316% from the 52-week low. Key resistance points were identified at 0.9100 and 0.9147. Stochastic oscillator signals USD/CHF as ‘oversold’. Market eyes potential rebound amid upcoming U.S. CPI data. In recent trading sessions, the USD/CHF pair …
Quick Look: The Spirulina Market is Predicted to grow to USD 1077.96 million by 2029 at a 7% CAGR. Health trends and technological advancements drive market growth, particularly in plant-based supplements. Challenges include price fluctuations, environmental concerns, and regulatory hurdles, but opportunities exist in diversification and new markets. Spirulina, rich in protein and antioxidants, finds …
Spirulina Market to Hit $1077.96M by 2029, 7% CAGR Read More »
Quick Look: Intervention threats, BoJ policy hints, and global tensions drive USD/JPY volatility. Speculation grows with Yen surpassing the 153 mark, hinting at potential Japanese intervention. Technical indicators suggest a bullish USD/JPY trend, but BoJ intervention remains a caution. Short-term outlook focuses on US data, FOMC speeches, and possible Japanese intervention effects. The USD/JPY pair …
USD/JPY Faces Volatility: Intervention & Global Risks Loom Read More »
Quick Look: AUD trades near a two-week high at 0.6630 against USD amid upcoming US CPI data and FOMC minutes. March CPI in the US will rise to 3.4% YoY; Fed rate cuts may appear from September 2024. Fed officials offer varied outlooks; Goolsbee warns against high rates, and Powell aims for 2% inflation. With …
AUD/USD Nears 2-Week High at 0.6630 Amid US CPI Await Read More »
Quick Look: eCash (XEC) is predicted to rise 30.14% to $0.000101 by April 12, 2024. Market sentiment of ‘Extreme Greed’ with a fear and greed index of 78. 27 bullish vs. 3 bearish technical indicators; key resistance levels at $0.000085, $0.000089, $0.000096. 142.85% growth over the last year; monthly uptick of 14.82%. Moving averages and …
Quick Look: Big data analytics revolutionizes forex trading with enhanced decision-making and market insights. Traders use various data for insights, including market figures and social media sentiment. Challenges include the high costs and risks of data security and overfitting models. Leading financial institutions leverage big data for trading strategies and risk management. Despite challenges, big …
Big Data’s Role in Revolutionizing Forex Trading Read More »
Quick Look: RBNZ is on a path to hold OCR at 5.5% amidst recession and falling inflation. NZ is in a technical recession; the Q4 economy contracted by -0.3%. The US labour market is strong, but the Fed is cautious as no rate cuts are expected soon. The NZD/USD exchange rate is bearish, with analysts …
NZD/USD Dips Ahead of RBNZ Decision Amids Global Uncertainty Read More »
Quick Look: Euro faces resistance at 1.0880, with the 100 SMA at 1.0870 providing an additional barrier. Support levels were identified at 1.0820 and 1.0785, correlating with the 61.8% Fibonacci retracement. US CPI report and ECB’s interest rate decision this week are key for future direction. Euro shows resilience, bouncing off the 50-day SMA, but …
Volatile Path of Euro: Key Levels and Economic Data Read More »
Quick Look: USD/JPY approaches 152.00, with support at 151.20, hinting at further gains. Technicals show USD/JPY bullish above 150.50, with critical supports at 151.20 and 150.65. Market watchers for potential Japanese intervention around the 155.00 level. Upcoming U.S. jobs report critical for currency and interest rate directions. The USD/JPY pair has made significant headlines as …
USD/JPY Nears 152 Amid US Jobs Data Anticipation Read More »
Quick Look: AUD gains against US Dollar amid economic optimism and ahead of US Initial Jobless Claims. Economic indicators show Australia’s robust economic performance, with services and composite PMI rising. US shows mixed economic signals; Fed officials signal readiness for rate adjustments. China’s Services PMI improvement suggests a stable recovery, affecting Australia positively. Aussie trades …
AUD Surges: Economic Optimism & Fed Insights Propel Rise Read More »
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