Global Macro Calendar: Key Events for First Week of June
- Fed Speeches Impact Markets: On June 1, remarks from Fed Governor Christopher Waller will be closely monitored; as a hawkish voice on the FOMC, his comments could influence market expectations regarding interest rates and inflation, thereby affecting investor confidence and market volatility.
- Economic Data Release: The Fed's Beige Book is set to be released on June 3, summarizing economic conditions across the 12 Fed districts, with markets keenly observing business sentiment and hiring trends to gauge economic health and predict future policy directions.
- Non-Farm Payroll Data: The U.S. May non-farm payroll report will be released on June 5, with analysts watching for signs of cooling job growth; strong data could support a high-rate policy, while weak figures might fuel rate cut expectations, directly impacting stock and crypto markets.
- Market Liquidity Considerations: The South Korean stock market will be closed on June 3 for a local holiday; while this may not directly affect U.S. or European markets, it could lead to reduced liquidity in Asian trading sessions, impacting exchange-traded funds (ETFs) with exposure to Korean equities.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0245 | 0.0284 | 0.0317 | 0.0356 | 0.0389 | 0.0428 | 0.0461 |
| Fibonacci | 0.0284 | 0.0312 | 0.0329 | 0.0356 | 0.0384 | 0.0401 | 0.0428 |
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