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Navigate the Financial Wilderness!
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Forex & Financial news and FxPro analytics

Rising incomes and slowing inflation in the US support the markets 
Market Overview
Rising incomes and slowing inflation in the US support the markets 

This week, the markets were mostly looking forward to the release of the US personal income and spending data, with a focus on the accompanying price index. The Personal Expenditure Price Index, excluding food and energy, rose 0.4% m/m and.

USDJPY Wave Analysis 29 February 2024
Technical analysis
USDJPY Wave Analysis 29 February 2024

– USDJPY reversed from resistance level 151.35 – Likely to fall to support level 147.90 USDJPY currency pair recently reversed down from the powerful long-term resistance level 151.35 (previous yearly high from 2022 and 2023). The downward reversal from the.

S&P 500 Wave Analysis 29 February 2024
Technical analysis
S&P 500 Wave Analysis 29 February 2024

– S&P 500 reversed from key support level 5050.00 – Likely to rise to resistance level 5115.00 S&P 500 index recently reversed up from the key support level 5050.00 (former resistance from the start of February, which stopped the previous.

America is stockpiling oil, but prices are stuck 
Market Overview
America is stockpiling oil, but prices are stuck 

America continues to build up its oil reserves, albeit at a relatively slow pace and from a low base. Last week, commercial oil inventories rose by 4.2 million barrels. About ¾ million barrels were added to the Strategic Petroleum Reserve,.

Early flight to the moon 
Crypto Review
Early flight to the moon 

Market picture  In an impressive surge of more than 7.3% in 24 hours, the crypto market capitalisation reached $2.32 trillion. The crypto market hasn’t been worth this much since late 2021. Back then, it took two months to get from.

The Kiwi Dollar flies down 
Market Overview
The Kiwi Dollar flies down 

The New Zealand Dollar is down 1.2% since the start of the day on Wednesday due to disappointment with the RBNZ’s actions and comments. The country’s central bank left its key interest rate unchanged at 5.5% and signalled its willingness.

Crypto: Extreme greed is not a sell signal 
Crypto Review
Crypto: Extreme greed is not a sell signal 

Market picture  The cryptocurrency market is developing gains, rising 2.2% on the day to $2.17 trillion. These levels replicate the April 2022 peak.  Bitcoin is now only 15% below its all-time high, while total capitalisation is 38% below its peak.  .

US durable goods orders slumped 
Market Overview
US durable goods orders slumped 

US durable goods orders decreased 6.1% in January after falling 0.3%. The cost of total orders in January was the lowest since September 2022, although it has been quite volatile in recent months due to transportation orders. This was worse than the.

Japanese yen benefits from hopes of change in the BoJ approach 
Market Overview
Japanese yen benefits from hopes of change in the BoJ approach 

Japanese consumer inflation slowed from 2.6% y/y to 2.2% y/y in January. The data was slightly higher than the expected 2.1%, providing temporary support for the Yen, which rose 0.4% after the release, pushing USDJPY back to 150.10.  Prices excluding.

Bitcoin tears the bears apart again 
Crypto Review
Bitcoin tears the bears apart again 

Market picture  The price of the leading cryptocurrency rose decisively during active trading in the US, and in the illiquid Asian session, we saw a wave of stop orders triggered, which at times took the price to $57.8K. Such high.

Time for the dollar to choose a trend
Market Overview
Time for the dollar to choose a trend

The Dollar Index is giving up positions painfully slowly. It is under pressure for the ninth session in a row, but at the same time, the market is unable to accelerate or break this downtrend. Individual currency pairs are now.

Ethereum as crypto growth driver
Crypto Review
Ethereum as crypto growth driver

Market picture  The crypto market settles at a $2 trillion cap level, up 0.8% on the day. Altcoins are once again driving growth, while the first coin is flat, losing 0.5% in 24 hours, and Ethereum is up 2.5%. BNB.

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