week

The price of Bitcoin fell earlier this week and in the process fell below the 100-day moving average (the blue line in the chart below is currently near $60,000), and towards the mid-50% of the 2024 trading range. At $56,150. This…

Mon: UK Bank Holiday; EZ Final Composite & Services PMIs (Apr), Sentix (May) Producer Prices (Mar).Tue: RBA Announcement, EIA STEO; Swiss Unemployment (Apr), German Trade Balance (Mar), EZ Construction PMI (Apr).Wed: Norges Bank H1…

May is usually the strongest month for crude oil, but it certainly didn't start out that way.WTI fell another 57 cents today bringing the weekly low to $5.50 on five straight days of selling. The weekly chart is set to record the…

The three major US stock indexes closed higher today and this week. The Nasdaq led gains on both measures.Today's summary shows:The Dow Jones Industrial Average rose 450.02 points, or 1.18%, to 38,675.69 points.The Standard &…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

MON: Spanish Flash CPI (Apr), German Prelim CPI (Apr), EZ Sentiment Survey (Apr); Japan Market Holiday (Showa Day).TUE: FOMC Meeting Commences (Announcement on 1st May), Japanese Retail Sales/Industrial Output (Mar), Chinese NBS PMIs (Apr),…

Arthur Hayes, co-founder and former CEO of cryptocurrency exchange BitMEX, took to X to provide a detailed analysis of the US economic landscape and its potential impacts on the cryptocurrency market. With a…

The price action in gold lately has been one that has been hovering just under the $2,400 mark mostly. Buyers tried for a firm break of the key level but ultimately failed to hold a daily close above that. The mood music was also helped by…

By Vidya Ranganathan SINGAPORE (Reuters) -The euro and yen barely moved in Asian trading on Monday and the U.S. dollar was perched just off five-month highs after last week's hectic policy and geopolitical developments. Eyes are on the…

Sat: Bitcoin Halving Event (estimate)Mon: PBoC LPR, US National Activity Index (Mar), South Korean PPI Growth (Mar)Tue: EZ/UK/US Flash Manufacturing PMI (Apr), US Richmond Fed (Apr), NBH Announcement, New Zealand Trade Balance (Mar)Wed:…