The Reserve Bank of New Zealand Hikes its Official Cash Rate by 0.50% as expected.
Cryptocurrencies, including Bitcoin/USD, are still not rising convincingly. However, Bitcoin’s key support level at $28,607 has continued to hold for yet another day. This suggests that the line of least resistance in Bitcoin is likely to be upwards, so we may see a rise in value here over the coming days.Natural Gas futures closed yesterday at a new and very long-term high, suggesting an upwards move is likely over the near term. However, Natural Gas has lately showed huge volatility and very deep bearish dips, making trend trading this energy challenging.Yesterday’s release today of German Flash Services and Manufacturing PMI data showed manufacturing come in higher than expected while services came in lower.Daily new coronavirus cases globally rose last week after falling for eight weeks.It is estimated that 65.7% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.7% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.Total confirmed new coronavirus cases worldwide stand at over 529 million with an average case fatality rate of 1.19%.The rate of new coronavirus infections appears to now be significantly increasing only in Belize, Chile, the USA, Jamaica, Panama, Portugal, and Taiwan.
Free Trading Education
Want to get a deeper understanding of how technical analysis and signals work? Watch videos, read articles, and learn all about the world of Forex at FXAcademy.com.