The EUR/GBP exchange rate has fallen back into its several-month range. It is falling to the floor of the range, where it will probably find firm support. Based on the range’s height, a decline would trigger downside objectives.After experiencing five straight days of declines, the EUR/GBP pair is now trading …

Hong Kong is set to launch trading for spot Bitcoin and Ether exchange-traded funds (ETFs) on April 30, marking a significant milestone in developing regulated crypto investment products and ETFs worldwide. Three Chinese firms, China Asset Management, Bosera Asset Management, and Harvest Global Investments, are expected to launch crypto ETFs …

The EUR/USD is struggling to maintain gains above 1.0700 amid uncertainty ahead of key economic events, including the release of Eurozone’s CPI, Q1 GDP, and the Fed’s policy outlook. The European Central Bank is expected to start reducing key borrowing rates in June, with the release of preliminary data on …

In addition to selling pressures, Bitcoin market disinterest is currently persisting, and a likely decline in price over the next couple of weeks would be an ideally typical post-halving behaviour. Bitcoin slid lower into the Wall Street open on April 26, as the market maintained familiar trading conditions. The most …

Today, ExxonMobil’s stock price retreated despite what appeared to be good earnings news. Investors are still wary even if the oil giant exceeded revenue projections ($83.1 billion vs. $73.2 billion) and analyst goals for earnings per share ($2.06).Some investors may still feel discouraged following ExxonMobil’s earnings report. This is mainly …

US stocks are advancing on Friday as investors digest the most recent inflation data, the PCE Index readings, amid the favourable earnings announcements from Microsoft and Alphabet. In March, the preferred inflation measure of the Federal Reserve rose 2.7% from the previous year, as anticipated. The IT sector’s outstanding earnings …

The GBP/USD pair is currently focused on support levels due to its recent inability to break above the 200-day moving average at 1.2557, which emphasises its negative bias. If the ‘black cloud cover’ candlestick pattern materializes, there could be potential for more losses, with 1.2400 being the objective and perhaps …

The anticipation of interest rate cut or cuts by the Federal Reserve and data releases dominated the conversation for another week, during which the US dollar fluctuated. In light of this, the USD Index (DXY) appears to have started a slow downturn after reaching fresh annual highs earlier in the …

Before Friday’s release of PCE data, the USD Index (DXY) had already fallen to multi-day lows due to depressing GDP readings and higher inflation prints. This continued downward bias harmed the US Dollar. With rising yields and a prevailing appetite for risk, the USD Index (DXY) returned to the mid-105.00s. …

The Eurozone’s recovery from the recent downturn is largely due to the growth of the service sector, which has seen job creation accelerate. However, the region faces challenges in meeting the European Central Bank’s 2% target due to persistently high service prices driven by wages. The EU’s decision to stop …