Day: April 14, 2022
Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Consumers continued to spend in March even as inflation rose to its highest level since late 1981, according to government data released Thursday. Retail sales climbed 0.5% from the …
Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year highRead More
GBPJPY Wave Analysis
GBPJPY reversed from key round resistance level 164.65 Likely to fall to support level 163.00 GBPJPY today recently reversed down from the key resistance level 164.65 (previous monthly high from March) – coinciding with the upper daily Bollinger Band. The downward reversal from the resistance level 164.65 stopped the previous impulse wave (i). Given the …
ETHUSD rebounds after 50-SMA rejects decline; bias bearish
ETHUSD (Ethereum) has been experiencing a downside correction after its short-term uptrend stalled at the 3,590 region last week. Although the 50-day simple moving average (SMA) paused the price’s recent pullback, it seems like the cryptocurrency lacks the necessary momentum to push higher. The short-term oscillators reflect that bearish forces retain control. The MACD histogram …
ETHUSD rebounds after 50-SMA rejects decline; bias bearishRead More
Euro Knocked Down after ECB, Dollar Striking Back
Euro is knocked down in early US session after ECB left interest rates unchanged. The central bank leaves the option to continue the asset purchases program after June, even though it will be concluded in Q3. The announcement disappoints some Euro traders who are eager for more hawkish tone. At the time of writing, Aussie …
Is BTC about to Soar above $100,000?
Bitcoin rose 4.3% on Wednesday to end the day around $41,300, Ethereum added 4% to reach 3100, and both remain near those levels early Thursday. The leading altcoins from the top ten have risen in price over the past day from 0.7% (Binance Coin) to 5.4% (Avalanche). According to CoinMarketCap, the total capitalization of the …
Euro Rebounds Ahead of ECB, Dollar Follows Yields Lower
Dollar dropped notably overnight together with pull back in benchmark treasury yield. The selling of the greenback continued in Asian session today. Even the weak Yen is recovering against Dollar, but it’s still, for now, the worst performing one for the week. On the other hand, European majors are making a comeback, with Sterling leading …
Euro Rebounds Ahead of ECB, Dollar Follows Yields LowerRead More
Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead
Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve board member Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting …
Fed’s Waller sees likelihood of multiple half-point interest rate hikes aheadRead More
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