Page 38 - Technical Levels News Today

OPEC’s monthly report for March highlighted the possibility of a subdued rise in US oil demand ahead of the summer driving season as part of the decision to cut supply

Bitcoin bulls have come back with vengeance after a disappointing 2022, resuming the uptrend from the first quarter of this year. After gaining approximately 70%, candlestick patterns suggest that bullish continuation is possible in Q2.

Gold prices have stalled in a narrow range of technical support and resistance between $1,870 and $1.880. With XAU/USD trading flat, breakout potential builds.

Just over 1,000 students in England are the first to complete the new qualification.

Gold has wasted no time, dropping through major support as commodity markets digest worsening economic conditions (China GDP) and accelerating rate hike expectations

Bitcoin (BTC/USD) continues to consolidate despite a slight boost in sentiment. China restrictions ease but inflation pressures remain a key concern for policymakers and consumers.

OPEC is due to meet at 12:30 GMT today to discuss output targets for July and consider tapping into remaining capacity in light of the EU’s ban on Russian oil

In the absence of high impact UK data, we turn to the US for insight into GBP/USD price action. A whole host of Fed speakers, ISM data and NFP data ahead

The euro has suffered terribly due to the ECB’s loose policy and proximity to the war. However, rising rate hike expectations may boost EUR as sterling risks rise.

Markets erased prior gains in the wake of the Wednesday’s Fed rate hike as sterling continues its dovish repricing and FTSE succumbs to global equity sell-off theme