Powell Warns Against Higher and Stickier Inflation, ECB Decides

EURCAD broke multi-year resistance 1.5100 Likely to rise to resistance level 1.5770 EURCAD currency pair is rising sharply after the earlier breakout of the powerful multi-year resistance 1.5100, which has stopped all upward impulses from the start of 2021. The breakout of the resistance 1.5100 accelerated the short-term impulse wave 3 of the longer-term upward […]

Key Highlights EUR/USD started a major decline below the 1.1000 support. A short-term bearish trend line is forming with resistance at 1.0865 on the 4-hour chart. GBP/USD extended losses and tested the 1.2965 support zone. Bitcoin surged above the $67,500 and $68,000 resistance levels. EUR/USD Technical Analysis The Euro started a fresh decline below the […]

Yesterday, the PMI Manufacturing indices for several countries were published. The news turned out to be disappointing for the US – according to ForexFactory: → Final Manufacturing PMI: actual = 51.3; expected = 50.9; previous value = 50.9; → ISM Manufacturing PMI: actual = 48.7; expected = 49.8; previous value = 49.2; This led to […]