Cryptocurrency Market Takes a Wait-and-See Approach

WTI futures develop within a bullish channel since December Price retreats from a 6-month high but finds support at 50-day SMA Oscillators suggest intensifying positive momentum WTI oil futures (June delivery) have been in a constant uptrend since bottoming out at 69.97 in December, posting a fresh six-month peak of 86.90 on April 12. Despite experiencing a pullback from its highs, […]

Markets Yesterday’s eco calendar’s market moving potential didn’t fully materialize. Ranging from slightly higher-than-expected European (y/y) inflation over the BoE dropping its hawkish bias to the US’ sub-consensus unit labor costs & weekly jobless claims vs an unexpected improvement in the manufacturing ISM (with solid new orders and rising prices). Oil prices fell off a […]

Far-right National Rally party maintains lead ahead of June 30 first round of votes But can it secure an absolute majority as left-wing alliance makes progress? A hung parliament might be the worst outcome for the euro France in political turmoil President Macron’s decision to call a snap legislative vote hot on the heels of […]