Market Overview - Page 503

The FxPro Analyst Team: Over the past month, the American currency has been developing its uptrend due to relatively strong macroeconomic data, which made dollars assets more attractive. This dynamic received a new impetus in the middle of the week.

According to Peter Brandt, a technical analyst and a best-selling author, a technical indicator called the Factor’s benchmark weekly moving average (MA) has formed a similar structure it showed in 2015. “The last time Factor’s benchmark weekly MA was in.

Oil prices on Friday were set to fall for the week as surging U.S. output and an expected supply increase from the Organization of the Petroleum Exporting Countries (OPEC) weighed on markets. Brent crude oil futures were at $70.38 per.

Bitcoin (BTC) is on the offensive, having defended key support, but a rally to $6,000 faces a number of resistance hurdles lined up in the $5,400–$5,900 range. The leading cryptocurrency by market capitalization fell more than 5 percent to $5,000.

Important upcoming events and publications for May 3 (GMT): 08:30 U.K. Services PMI. Risks for GBP: Medium. The overall index has been declining since June last year. The April assessment is expected to show growth from 48.9 to 50.4, i.e..

Crypto market cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1. CoinMarketCap, a major source of data about.

Bitcoin played a role in staging the Easter Sunday suicide bombing in Sri Lanka that killed 253 civilians, according to Israeli blockchain intelligence firm Whitestream. The agency revealed that the ISIS used Canada-based payment gateway CoinPayments to convert bitcoins to.

The FxPro Analyst Team: In focus The Federal Reserve, as expected, did not change the policy and disappointed the stock markets, noting that does not see needs to change the policy in any direction in the near future. Moreover, in.

British people need to fly less, drive electric cars, eat little meat and turn their home thermostats down to 19 degrees Celsius (66 Fahrenheit) in order to rein in greenhouse gases damaging the planet. Those are the recommendations from the.

As unrest continues in Venezuela, some analysts are questioning how much support Russia will give beleaguered President Nicolas Maduro and if Moscow could be ready to strike a deal with the U.S. to end the Latin American country’s political and.

Important upcoming events and publications for May 2 (GMT): 08:00 Eurozone Manufacturing PMI for April (final estimate). Impact on EUR: moderate. The first estimate two weeks ago was at 47.8. The index is expected to persist at this level. Values.

Even as the bearish conditions in the crypto markets persisted in this year’s first quarter, bad actors in the sector continued to thrive. According to cybersecurity firm CipherTrace, during the first quarter of the year, the amount that bad actors.