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Editors’ Picks

AUD/USD bounces back above 0.7700 as USD selling resumes

AUD/USD is bouncing back above 0.7700 as the US dollar resumes the downside amid an uptick in S&P 500 futures. Upbeat Aussie data couldn’t recall bulls. Markets digest the reports of Biden's capital gains tax hike proposal. 

AUD/USD News

Cardano eyes $1 amid market-wide sell-off

Cardano price shows weakness that has kept it from surging higher. Due to a recent spike in selling pressure, ADA has restarted its drop and eyes levels last seen during the weekend crash. If sellers keep piling up their ask orders, sub $1 might become a new normal for the so-called “Ethereum killer.”

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EUR/USD defends 1.2000 ahead of PMI data, ECB’s Lagarde

EUR/USD eases from intraday high, keeps bounce-off three-day low flashed the previous day. Preliminary readings of April’s PMI are expected to soften for Germany, Eurozone but may recover for the US. ECB President Lagarde will be looked for consistency in her post-ECB meeting speech.

EUR/USD News

Gold: Price meets hourly 61.8% from daily 61.8% support

Gold prices meet critical support on the daily chart and key resistance on the hourly. Overnight, the commodity complex was pressured and gold prices fell by the same margin as measured by XAU/USD which travelled from a high of $,797.79 to a low of $1,777.28.

Gold News

Lagarde cautiousness & Biden's taxes

All market chatter is about Biden's taxes & their impact on shares and cryptos. But let's discuss that ECB decision first-- The economic outlook is improving in Europe, yet you wouldn't know it from Lagarde's Thursday comments after the ECB decision.

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