Forex Signals Brief for April 25: Can Richmond Manufacturing Surprise Today?
Yesterday’s Market Wrap
Today’s Market Expectations
Today started slowly again, with some countries such as Australia and Italy being on a bank holiday. The BOJ Core CPI inflation report was released early this morning from Japan, showing a slight slowdown last month. The economic data during the European session is light, although in the US session, we have the CB Consumer Confidence to be released, New Home Sales for April and the Richmond Manufacturing Index which might offer another surprise.
Last week the USD started strong on the first day, while this week the Buck ended up lower on the first day. The sentiment was slightly positive and most risk assets pushed higher, which caught us on the wrong side with two losing signals, while four more signals remained open.
Are the Lows Getting Lower in GOLD?
XAU/USD – 60 minute chart
The Reversal in WTI Oil Stopps at the 100 SMA
US Crude Oil – 60 minute chart
Cryptocurrency Update
The 50 SMA Holding in BITCOIN for Now
BTC/USD – 240 minute chart
Looking to Buy ETHEREUM
ETH/USD – 240 minute chart
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