The daily chart reveals a bearish bias for the NZD/USD pair underlined by its positioning below major SMAs. For bullish traction to take place, buyers must reclaim control over the 20-day SMA SMAs. Indicators on the daily chart recovered. The NZD/USD pair stands at 0.5949, registering daily gains on Thursday’s session. The prevailing outlook, as
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US Q1 GDP reveals reduced expansion at 1.6% YoY. On the positive side, weekly Jobless Claims come in strong. Friday’s PCE data from March will dictate the pace of DXY in the short term. The US Dollar Index (DXY) is seen trading mildly down at 105.75 on Thursday and struggling to gain more ground following
EUR/USD rises due to US GDP shortfall and elevated inflation data. Technical resistance near 50 and 200-day MAs at 1.0805/07; 100-DMA at 1.0848 next hurdle. Downside below 1.0694 could retest year’s low at 1.0601, possibly extending to 1.0516. On Thursday, the Euro rose against the US Dollar after US economic data portrayed the economy as
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying. US Durable Goods Orders were solid, but expectations for Fed rate cuts shift to later in the year. Gold recovered
Ethereum restaking protocol Renzo took a huge hit after its restaked ETH failed to maintain a 1:1 ratio with ETH. While Franklin and Grayscale have seen the SEC postpone its decision on their application, BlackRock amended its spot ETH ETF filing. Hong Kong’s spot ETH ETFs will begin trading on April 30. Ethereum (ETH) suffered
The Guppy breaks into new chart territory above 193.60, a nine-year high. Deflating JPY is rapidly approaching standoff territory with nervous BoJ. Japanese inflation figures, BoJ rate call loom ahead on Friday. The GBP/JPY broke into a fresh nine-year high above 193.60 on Wednesday as the Pound Sterling (GBP) sees recovery bidding and the Japanese
BONK has seen a 77% weekly gain following token burn proposal and Revolut listing. Despite the general market dip, BONK posted 12% gains on Wednesday. Meme coin frenzy could be around the corner as several meme-themed tokens have rallied in the past week. Bonk (BONK) saw a 12% gain on Wednesday despite several other altcoins