Employment data favors kiwi

Kiwi pair is bolted higher on stronger than expected New Zealand’s employment data for the second quarter during early Wednesday. Kiwi departed when data showed that New Zealand's unemployment rate had fallen to 4.0% in the last quarter, under the 4.5% market forecast, while employment was up 0.9%. In addition, RBNZ's focus on 'utilization' has [...]

Positive Economic data favors Euro

Today’s market session kicked off Europe with an exciting moment on this August. Positive economic data from the Eurozone provided support, while rising Asian equities provided support to European majors. Production of PMI numbers for the month of July focused on retail sales from Germany at the beginning of the week. German retail sales rose [...]

BTC/USD Weekly Forecast (02nd August 2021 – 06th August 2021)

Fundamental view: Bitcoin remains bullish against the greenback in this week. 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” whereas US central bank left its monetary policy unchanged which was expected and the economy continued to progress but noted that “substantial further [...]