The ASX 200 Index and the AUD/USD exchange rate continued the uptrend this week as demand for Australian assets jumped. The index jumped to $9,060, its highest level since October 29, and 8% above its lowest level in November last year and above its 2025 low. Similarly, the AUD/USD exchange crossed the important resistance level
The post Here’s why the Ibovespa Index and Brazilian real are soaring appeared first on Invezz
The post Here’s why the Ibovespa Index and Brazilian real are soaring appeared first on Invezz
Given the strength of the resistance level 9.080, strong daily downtrend and the predominantly bearish sentiment that can be seen across the cryptocurrency markets today, Chainlink cryptocurrency can be expected to fall to the next support level 7.375 (which stopped the previous impulse wave v at the start of February). Chainlink reversed from resistance level
Markets await NFP; cooling jobs may trigger Fed rate cuts, weaken dollar, boost metals, amid global currency volatility and equities. The NFP Fever and the Federal Reserve Pivot The global financial landscape is currently held in suspense by the “NFP fever,” as the delayed US Nonfarm Payrolls report becomes the ultimate arbiter of market direction.
How Backpack Plans to Roll Out Its Token Supply Backpack, a crypto exchange founded by former employees of FTX, said it plans to launch a token with a total supply of 1 billion units, linking the release schedule directly to its longer-term ambition of going public in the United States. In a post on X
Given the strength of the resistance level 186.20 and the widespread bullish yen sentiment that can be seen across the FX markets today, EURJPY currency pair can be expected to fall to the next support level 182.50 (which stopped multiple corrections from January – a, b and 4). EURJPY reversed from resistance area Likely
The South Korean won staged a strong comeback against the US dollar, soaring to its highest point since November 4. The USD/KRW exchange rate was trading at 1,430, down by 3.65% from its highest point this year. It remains 6.70% up from its lowest point this year. Why the South Korean won jumped The South
The USD/JPY exchange rate pulled back after the latest macro data from Japan. It was trading at 156.25, down from this month’s high of 157.83. It has also formed the risky double-top pattern, pointing to more downside in the coming days. Weak Japanese data raises doubts for BoJ rate hikes The USD/JPY exchange rate was
The South African rand was one of the best-performing currencies this year as it jumped by over 11% against the US dollar. The USD/ZAR exchange rate was trading at 16.68, down by 16.4% from its highest point this year. It has also formed a risky technical pattern pointing to more rand gains. USD/ZAR technical analysis