FxWirePro: GBP/NZD downside pressure builds, key support level in focus
Jun 07, 2024 00:14 am UTC| Technicals
GBP/NZD eased on Thursday after data that showed a decline in British businesses wage growth expectations for the coming year. A Bank of England survey revealed that British businesses wage growth expectations for the...
FxWirePro:EUR/NZD capped by the 38.2%fib, good to sell on rally
Jun 06, 2024 20:04 pm UTC| Technicals
EUR/NZD initially gained on Thursday but gave up most of the ground as investors digested ECB rate decision. The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, keeping its...
FxWirePro:EUR/AUD moves lower after ECB rate decision , could be on verge of a bigger drop
Jun 06, 2024 18:12 pm UTC| Technicals
EUR/AUD declined on Thursday as the pair attracted sellers after European Central Bank cut rates for the first time since 2019. The ECB lowered its record-high deposit rate by 25 basis points to 3.75%, joining the...
FxWirePro- Ethereum Daily Outlook
Jun 06, 2024 12:26 pm UTC| Technicals Digital Currency
ETHUSD trades in a anarrow range ahead oif US jobs data. Ithit ahigh of $3888yesterday and is currently trading around $3857. The SEC chairman GaryGensler said that the next step in the ETH ETF approvals will take some...
FxWirePro- BTCUSD Daily Outlook
Jun 06, 2024 12:05 pm UTC| Technicals Digital Currency
BTCUSD is consolidating in a narrow range after a massive buying. It hit ahigh of $71759 at the time of writing andis currently trading around $71054. BTC ETF saw over $880 million inflows on Tuesday led by Fidelity ,...
FxWirePro- MNTUSD(Chart ofthe day)
Jun 06, 2024 11:42 am UTC| Technicals Digital Currency
Mantle Network is an L2 scalability solution built on top of Ethereum. It is a technology stack for scaling Ethereum. Mantle Network has been built with a modular architecture that combines an optimistic roll-up protocol...
FxWirePro-Crude oil Daily Outlook
Jun 06, 2024 11:12 am UTC| Technicals
WTI crude oil showed a minor pullback on the weak US dollar.It hit a high of $74.82 at the time of writing and is currently trading at $74.14. According to the Energy Information Administration (EIA), US crude...