EUR/USD looks south toward 1.10, having bolstered the already bearish technical setup with a close below 1.176 yesterday. The pair took a beating yesterday, courtesy of the broad-based US dollar demand.
The GBP/USD pair regains its stand above 1.2900 while heading into the London open on Thursday. Absence of immediate challenge to PM May’s position and a likely Brexit deal voting helps the GBP.
USD/JPY has barely moved in response to BOJ’s decision to keep key policy tools unchanged. The downward revision of the growth and inflation forecasts could push the JPY lower during the day ahead.
Technically, bears can look to break below 200-DMA around the confluence of 1249/50% Fibo area. There is bullish divergence on the momentum indicators such as RSI and stochastics.
Durable goods orders are expected to rise 0.8% in March having fallen 1.6% in February. Orders excluding the transportation sector are predicted to gain 0.2%.
The Bitcoin and the vast majority of altcoins are in the red zone, consolidating losses after a strong sell-off on Wednesday. The total capitalization of all digital assets in circulation crashed to at $177 billion from $181 billion this time on Wednesday.
The oldest Thai bank, Siam Commercial Bank (SCB), revealed that they managed to cut down cross-border transaction time from two days to one minute. As per their announcement: “In a bid to optimize operational efficiency, SCB and PTTEP have ...
ETH/USD has had a bullish opening this Thursday as the price went up slightly from $166 to $166.60. ETH/USD had a bearish breakout this Wednesday, as the bulls failed at the $170 mark and price shot down from $170 to $166. In the process, the market crept below ...