The cryptocurrency market has been closely following Ethereum’s price movements, particularly its structure of forming lower highs and lower lows. However, recent developments suggest that Ethereum may be breaking this pattern. In this article, we will analyze the latest rebound in ETHUSD and explore the strengthening positive bias indicated by momentum indicators. For a considerable
The UK 100, also known as the FTSE 100, has been showing signs of reaching the upper Bollinger band. This technical indicator is used to measure the volatility and potential reversal points in the market. As the UK 100 meets the upper Bollinger band, it suggests that the market is potentially overbought and may be
The Indian Rupee (INR) has traded on the weaker side on Thursday as the USD experiences a modest rebound. The Reserve Bank of India’s (RBI) monthly bulletin has emphasized a strong warning on inflation, stating that if headline retail inflation is not brought down to the medium-term target of 4%, it could impact growth. This
The Australian Dollar (AUD) has seen a resurgence in value as it retraced its recent losses on Thursday. After pulling back from a five-month high at 0.6779, the AUD/USD pair experienced a temporary setback due to improved economic data from the United States (US). However, the Australian Dollar quickly regained ground against the US Dollar
The Japanese Cabinet Office has recently revised its economic growth forecasts for the country, indicating a positive outlook for the next fiscal years. The revised projections suggest that external demand will outweigh sluggish domestic consumption, leading to an estimated growth rate of 1.6% for fiscal year 2023/24, up from the previous estimate of 1.3%. Furthermore,
The USD/CHF pair is experiencing a decline as the US Dollar (USD) moves downward, despite improved US Treasury yields. The 2-year and 10-year yields on United States (US) bond coupons stand higher at 4.36% and 3.86%, respectively. However, the US Dollar Index (DXY) trades around 102.30, indicating that the dovish sentiment surrounding the US Federal
China has recently announced the suspension of tariff cuts on certain chemical imports from Taiwan, claiming that the island has violated a trade agreement between the two nations. This move is seen as part of China’s ongoing efforts to exert pressure on Taiwan in the lead up to the presidential and parliamentary elections scheduled for
The growing popularity of “buy now, pay later” services has caught the attention of cash-strapped American shoppers, particularly during the holiday season. These services, such as Klarna, Affirm, PayPal, and Afterpay, offer the allure of interest-free installment loans, providing consumers with the opportunity to spread out the cost of their purchases. While they may seem
The EUR/USD pair has attracted dip-buying during the Asian session on Thursday, reversing some of the previous day’s retracement slide from the weekly top. Currently trading around mid-1.0900s, the spot prices are up just over 0.15% for the day. This upward movement is driven by a modest downtick in the US Dollar (USD). Investors are
NZDUSD has been on a remarkable streak of positive performance, heading for its eighth consecutive day of gains. This bullish momentum has captured the attention of traders and investors alike, as the pair continues to strengthen. However, as with any extended period of growth, questions arise about the sustainability of this trend. The ongoing rally
The currency markets have experienced significant volatility recently as various factors weigh on investor sentiment. This article analyzes the current state of currency markets, with a focus on the US dollar and the British pound. Additionally, it explores the impact of inflation concerns and market fluctuations on other major currencies. The sudden end to a
The global financial markets experienced a significant downturn on Thursday, following the end of Wall Street’s long winning streak. Asian shares fell, and Treasury yields reached a five-month low as investors feared that Britain’s soft inflation reading could be reflected in the upcoming U.S. price data. Despite initially positive U.S. economic data, the equities rally,