Daily signals

According to preliminary estimates, inflation in Germany, the Eurozone's leading economy, is falling faster than analysts had predicted.

After a few days of consolidation near $27,000, Bitcoin is attempting to stay above its 21-day MA.

The US Consumer Confidence Index dropped in April to a nine-month low, increasing the risks of the economy falling into a recession this year.

Markets believe there is an 87.2% likelihood that the Federal Reserve will increase its key interest rate by 0.25% at its 2-3 May meeting.

All components of US purchasing manager indices were at their highest levels this year.

According to the latest data, the UK Services Business Activity Index rose from 52.9 to 54.9, while the Manufacturing PMI dropped from 47.9 to 46.6 and keeps on falling more and more below the critical 50 mark.

The CME FedWatch indicates an 80-percent probability of a May Fed rate hike of 0.25%.

The US dollar is receiving support from the rise in Treasury bond yields brought on by stronger investor confidence in the likelihood that the Federal Reserve will keep interest rates high for longer than was expected just a short while ago.

Analysts at Glassnode are noting high activity on Bitcoin's blockchain.

Brent crude oil prices went up 18% in the past month.