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Eur/usd daily outlook
08/05/2023 07:01

Eur/usd daily outlook

Daily Pivots: (S1) 1.0974; (P) 1.1011; (R1) 1.1055; More… Intraday bias in EUR/USD remains neutral as sideway trading continues. But further rally r...

Aud/usd forecast: move beyond 100-day sma will set the stage for additional gains
08/05/2023 06:59

Aud/usd forecast: move beyond 100-day sma will set the stage for additional gains

A sustained move beyond the 100 DMA is needed to support prospects for further gains. Read Full Story at source (may require registration) The post AU...

Gbp/usd daily outlook
08/05/2023 06:57

Gbp/usd daily outlook

Daily Pivots: (S1) 1.2578; (P) 1.2615; (R1) 1.2669; More… Intraday bias in GBP/USD remains on the upside for the moment. Current up trend should tar...

Usd/chf daily outlook
08/05/2023 06:54

Usd/chf daily outlook

Daily Pivots: (S1) 0.8836; (P) 0.8905; (R1) 0.8974; More… Intraday bias in USD/CHF remains neutral for the moment. While down trend from 1.0146 coul...

Usdcnh leading diagonal hints at price collapse!
08/05/2023 06:53

Usdcnh leading diagonal hints at price collapse!

The USDCNH currency chart shows the formation of a double zigzag w-x-y of the cycle degree. In the last section of the chart, the initial part of the ...

Usd/jpy daily outlook
08/05/2023 06:50

Usd/jpy daily outlook

Daily Pivots: (S1) 134.11; (P) 134.62; (R1) 135.34; More… Intraday bias in USD/JPY remains neutral at this point, and further decline is still in fa...

Digital camera market is predicted to reach usd 11.4 billion at a cagr of 5.3% by 2030- report by market research future (mrfr)
08/05/2023 06:48

Digital camera market is predicted to reach usd 11.4 billion at a cagr of 5.3% by 2030- report by market research future (mrfr)

Digital Camera Market to Grow at a Notable CAGR during the Current Decade Dhabi, UAE, May 08, 2023 (GLOBE NEWSWIRE) — According to a comprehensive r...

S&p500 pullback complete or more to come?
08/05/2023 06:33

S&p500 pullback complete or more to come?

The S&P500 correction forecasted last week is underway. We expect $3925-4000 to be reached. The post S&P500 Pullback Complete or More to Come? appeare...

Usd/cad daily outlook
08/05/2023 06:32

Usd/cad daily outlook

Daily Pivots: (S1) 1.3316; (P) 1.3430; (R1) 1.3489; More…. Intraday bias in USD/CAD remains on the downside for 1.3299 support first. Firm break the...

The week ahead – patching cracks
08/05/2023 06:29

The week ahead – patching cracks

GBPUSD rallies as BoE may stay hawkish The pound inches higher as the BoE is expected to stay the course in its monetary tightening. With the UK’s i...

Usd/cad depicts “silence after the storm” below three-week low near 1.3400 amid firmer oil price
08/05/2023 06:29

Usd/cad depicts “silence after the storm” below three-week low near 1.3400 amid firmer oil price

USD/CAD remains depressed at multi-day low after falling the most since January. Comparatively strong Canadian jobs report, Oil price recovery favor L...

Five at five au: bitcoin down on recession fears; banks up, but for how long?
08/05/2023 06:29

Five at five au: bitcoin down on recession fears; banks up, but for how long?

The ASX drove higher today, with the S&P/ASX200 gaining 52.50 points or 0.73% to 7,272.50 and crossing above its 125-day moving average. Over the last...

Eur/usd still faces strong resistance at 1.1120 – uob
08/05/2023 06:29

Eur/usd still faces strong resistance at 1.1120 – uob

According to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further upside in EUR/USD should meet solid hurdle around 1.112...

Usd/pkr analysis: what’s ahead for the vulnerable pakistani rupee?
08/05/2023 06:29

Usd/pkr analysis: what’s ahead for the vulnerable pakistani rupee?

The USD/PKR exchange rate moved sideways on Monday as investors focused on the bailout talks between Pakistan and the IMF The USD to Pakistani rupee e...

Jpy bearish positioning is getting overstretched
08/05/2023 06:26

Jpy bearish positioning is getting overstretched

Better than expected US non-farm payrolls for April have failed to ignite US dollar bulls. Two outliers; the safe haven currencies, CHF and JPY underp...

Usd/jpy forecast:  weaker on concerns over federal reserve’s rate hike outlook
08/05/2023 06:25

Usd/jpy forecast: weaker on concerns over federal reserve’s rate hike outlook

USD/JPY Highlights USD/JPY falls due to Federal Reserve’s rate hike outlook BOJ policy remains ultra-loose to counter inflation risks Market is focu...

Fed expectations all over the place amid strong data, bank stress, debt ceiling impasse
08/05/2023 06:22

Fed expectations all over the place amid strong data, bank stress, debt ceiling impasse

Friday’s US jobs data was nowhere sad. The US economy added 253K new nonfarm jobs in April, beating analyst expectations for the 13th straight month...

Bank concerns ease again
08/05/2023 06:20

Bank concerns ease again

Market movers today Focus this week continues on news regarding the US banking sector but inflation is also back in the spotlight with the US CPI rele...

German industrial production falls 3.4% on auto sector weakness
08/05/2023 06:15

German industrial production falls 3.4% on auto sector weakness

German industrial production disappointed, following a slump in factory orders. The latest stats paint a grim picture going into mid-Q2. The post Germ...

Stock market today: markets rebound in early trade amid foreign fund inflows, rally in us equities
08/05/2023 06:14

Stock market today: markets rebound in early trade amid foreign fund inflows, rally in us equities

Equity benchmark indices began the trade on a firm note on Monday amid continuous foreign fund inflows and rally in the US equities. Read Full Story a...

Understanding the differences between bitcoin, altcoins, and stablecoins
08/05/2023 06:14

Understanding the differences between bitcoin, altcoins, and stablecoins

Bitcoin has inspired a whole ecosystem of alternative digital assets known as altcoins, which offer different features and use cases. More recently, a...

Gbp/usd: rally could extend to 1.2665 – uob
08/05/2023 06:14

Gbp/usd: rally could extend to 1.2665 – uob

In light of the recent price action, GBP/USD could extend the uptrend to the 1.2660 region in the next few weeks, suggest Economist Lee Sue Ann and Ma...

Jpy bearish positioning is getting overstretched
08/05/2023 05:49

Jpy bearish positioning is getting overstretched

Better than expected US non-farm payrolls for April have failed to ignite US dollar bulls. Two outliers; the safe haven currencies, CHF and JPY underp...

China says imperative to stabilise sino-us relations
08/05/2023 05:38

China says imperative to stabilise sino-us relations

FULL STORYChina's Foreign Minister Qin Gang said on Monday it is imperative to stabilise Sino-U.S. relations after a series of "erroneous words and de...

Axi inks sponsorship deal with brazilian football club bahia
08/05/2023 05:23

Axi inks sponsorship deal with brazilian football club bahia

Axi (previously AxiTrader), an Australia-headquartered forex and contract for differences (CFDs) broker, looks to be expanding its presence in the Lat...

Aud/usd daily report
08/05/2023 05:16

Aud/usd daily report

Daily Pivots: (S1) 0.6653; (P) 0.6680; (R1) 0.6719; More… AUD/USD’s rebound from 0.6572 extends higher today, but stays below 0.6804 resistance. I...

Dollar declines in asia on upbeat sentiment; sterling mixed awaiting boe hike
08/05/2023 05:16

Dollar declines in asia on upbeat sentiment; sterling mixed awaiting boe hike

Dollar weakened broadly during Asian session, as relatively upbeat sentiment in stock markets took hold. Despite Japan’s Nikkei being down after hol...

Oil price forecast:  firm as strong jobs data, opec+ cuts ease recession fears
08/05/2023 05:00

Oil price forecast: firm as strong jobs data, opec+ cuts ease recession fears

Oil traders downplaying concerns over demand and global oversupply, while shifting focus to US inflation data and Chinese economic indicators. The pos...

Us dollar treads water post jobs and ahead of cpi. where to for dxy index?
08/05/2023 05:00

Us dollar treads water post jobs and ahead of cpi. where to for dxy index?

The US Dollar dipped today as markets reassess risk appetite after strong US jobs data on Friday might indicate a more robust economy than previously ...

Us dollar treads water post jobs and ahead of cpi. where to for the dxy index?
08/05/2023 05:00

Us dollar treads water post jobs and ahead of cpi. where to for the dxy index?

The US Dollar dipped today as markets reassess risk appetite after strong US jobs data on Friday might indicate a more robust economy than previously ...

How to evaluate the viability of a bitcoin investment opportunity?
08/05/2023 04:59

How to evaluate the viability of a bitcoin investment opportunity?

Evaluating the plausibility of a Bitcoin investment opportunity is an intricate undertaking that entails a comprehensive examination of various factor...

‘bitcoin is not under attack:’ btc maxis allay fears of a dos offensive
08/05/2023 04:59

‘bitcoin is not under attack:’ btc maxis allay fears of a dos offensive

Bitcoin transaction fees have surpassed the block reward for the first time in six years as Ordinals activity surges. Read Full Story The post ‘Bitc...

Countries with the most bitcoin adoption in 2023
08/05/2023 04:59

Countries with the most bitcoin adoption in 2023

Nigeria is one of the fastest-growing markets for Bitcoin adoption in Africa, and it has one of the highest Bitcoin adoption rates in the world. The c...

Technical outlook and review
08/05/2023 04:51

Technical outlook and review

DXY: The DXY chart currently shows bullish momentum, indicating a potential for prices to rise in the short term. The price is also currently above th...

Eur/usd faces significant resistance, dollar weakens further
08/05/2023 04:45

Eur/usd faces significant resistance, dollar weakens further

Key Highlights EUR/USD is facing strong resistance near 1.1090. A key bullish trend line is forming with support at 1.0975 on the 4-hour chart. GBP/US...


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