This past week has been an overwhelming period for traders as the trading market has been affected by the collapse of the two American banks, which has affected the financial market. But not all the trading markets were affected.
EUR/AUD is working on snapping a 5-day losing streak and clasping it into a support cluster. It respected a 38.2% Fibonacci ratio, trend backing, and the daily closes held above the monthly R1 pivot.
The Fed has formulated actions to boost liquidity through its support toward financial stability. USB has also purchased Credit Suisse for $3 billion in a government-backed deal with the Swiss National Bank.
Key Points: US economy growth slowed to 1.6% in Q1, below the expected 2.4%. Consumer spending growth tapered, but business…
Key Points: Microsoft's რevenue surged to $61.9 billion, a 17% increase driven by robust sales in all business segments. Notable…
Key Points Ethereum is Trading below $3,180, under the 100-hourly SMA, indicating a cautious market trend despite the formation of…
Key Points Oil Prices rose, Brent crude oil reached $89.32 per barrel, up 2%, and WTI at $83.86, up 0.5%.…
Key Points GBP/USD is currently at 1.2502, impacted by UK-US economic turbulence and monetary policies. US Q1 GDP growth at…
Key Points: Despite global volatility, USD/INR is the least volatile major currency in FY 2023-24, supported by interbank USD sales…
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