Page 5 - Key Talking Points News Today

Germany is set to ease covid-19 restrictions as infection rates fall, improving the economic outlook for the summer

Crypto Meltdown Continues - Bitcoin (BTC/USD) Slumps Below $40,000, Ether (ETH/USD) Gives In To Sellers Key Talking Points: Losses in the crypto space accelerate as China bans digital currencies Ethereum struggling to find support Advertisement This month is shaping out to be one of the worst on record for cryptos. The listing of Coinbase seems to have been the starting point of their weakness - Bitcoin is down 40% since the DPO – but ongoing concerns about their stability and safety have ke...

FTSE 100 Price Outlook: Fibonacci Level Offers Support as Attention Shifts to US CPI Key Talking Points: Inflation concerns take over the equity market, with focus on the US CPI data out this afternoon for confirmation The FTSE 100 holds on to buying support as it finds support on a key Fibonacci level The FTSE 100 felt the pressure in yesterday’s session as a broader market selloff took hold of sentiment. Tech shares and industrials were the hardest hit, but tourism and travel stocks were al...

EUR/MXN Risks Tilted to The Downside as Banxico Meeting Looms Key Talking Points: EUR/MXN outlook remains bearish as the Euro struggles to regain bullish momentum The Mexican Peso could rise if Banxico delivers a hawkish message at its meeting this week Advertisement As Banxico’s next monetary policy meeting looms (May 13th), the Mexican Peso looks set to continue advancing against the Euro, which has been struggling to keep up its bullish momentum in recent sessions. The LatAm currency is f...

Altcoins Surge as Bitcoin Falls Behind - Ethereum at New Record High, Dogecoin Attempts to Recover from SNL Key Talking Points: Dogecoin drops over 30% after Elon’s “hustle” comments on SNL Bitcoin continues to struggle just below $60,000 Advertisement As Bitcoin continues to struggle in its attempt to surpass the 60,000 dollar mark, altcoins are taking over the crypto market. The likes of Ethereum, Litecoin, and Stellar continue to mark new all-time highs as they attract surging interest...

EUR/GBP Holding to Ascending Triangle, Awaiting Scottish Election Results Key Talking Points: BoE announces mechanical taper, keeping a lid on inflation expectations A majority for the SNP in Scotland would weigh on GBP as they will push for another independence referendum The immediate risks surrounding the pound are now unfolding, with the Bank of England meeting yesterday and the result of the elections in the UK coming out over the next few days. From the bank of England, there was a 50/50...

Ethereum (ETHUSD) Outperforms as Bitcoin (BTCUSD) Shows Signs of Exhaustion Key Talking Points: Bitcoin continues to face rejection in the area surrounding the 60,000 mark Advertisement Ethereum rose by 6.5% on Wednesday, reversing the losses from the day prior, and consolidating its recent rally. But buyers are struggling again this morning to keep bullish momentum going, with a fresh rejection just off the previous resistance at 3,528. Having fallen below the 3,500 is putting buyers at furthe...

USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon Key Talking Points: Rates to remain stable until inflation falls Markets still expect an easing cycle in the next few months Turkey’s Central Bank has left rates unchanged at 19% for a second month in a row, as expected by many analysts. The CBRT has kept monetary policy stable in an attempt to keep rates above inflation in an attempt to maintain a strong disinflationary effect until strong indicators point to ...

European Outlook: DAX 30 Breaking Down, EUR/USD Suffering From Rising Yields Key Talking Points: EUR/USD at risk of falling below 1.20 as rising yields underpin the US Dollar DAX 30 Levels The German DAX managed to regain some bullish momentum in yesterday’s session. The selloff at the end of last week saw the index back at its current support as buyers are struggling to remain in control. The latest retail sales data for Germany helped the DAX 30 push higher in yesterday’s session as the m...

Oil Price Forecast: WTI Crude Resumes Climb on Bullish Demand Key Talking Points: WTI Crude bullish momentum to continue if price can consolidate above $65 After a choppy start to the month, crude oil has been picking up pace in recent sessions and is now just below $65 per barrel. There has been quite a bit of noise in the last few months as the virus situation worsened in many countries just after the new year, but WTI crude has been able to keep momentum above $57.30 per barrel for most of i...