Bitcoin has skyrocketed to new all-time highs following the recent US presidential election, leaving market analysts and investors alike wondering about its future trajectory. Expert Predictions For Bitcoin’s 2024 Price Key analysts and industry leaders have shared their insights into Bitcoin’s potential price action by the end of the year: […]
BlackRock’s Bitcoin ETF (IBIT) has been the undisputed leader in the US Bitcoin ETF market, attracting significant inflows and driving market sentiment. On Tuesday, November 12th, IBIT recorded inflows exceeding $750 million, bringing its total inflows to nearly $29 billion since its launch just 10 months ago. This impressive growth […]
The GBP/CAD currency pair is currently navigating a crucial technical pattern that could spell trouble for its short-term price movement. After briefly falling below its lower boundary, the pair has recovered and is now trading back within a Rising Wedge pattern. However, this might not be a positive signal for […]
Crude oil prices slid over 1% on Friday, pushing toward the $71.00 level and marking another week of challenges in the energy market. The upbeat sentiment following Donald Trump’s election victory has shifted as oil markets face renewed concerns about a potentially weakened Chinese demand and the ripple effects of […]
Donald Trump’s return to the White House in a decisive win has set the stage for sweeping changes in U.S. economic policy, according to Rabobank’s Senior U.S. Strategist, Philip Marey.Trump’s victory, coupled with a Republican “clean sweep” of Congress, offers the former president significant political leverage to implement a bold […]
The gold market is feeling the heat, with prices slipping further as the post-election fallout from Donald Trump’s re-election impacts the precious metal. On Friday, gold (XAU/USD) fell around $2,690, extending its current bearish trajectory amid expectations of stronger U.S. economic policies, a stronger dollar, and elevated interest rates. These […]
The USD/JPY pair recently pulled back to a critical trendline, found support, and is poised for a potential recovery. Despite the correction, the broader uptrend remains intact, with a strong possibility of a renewed push to higher levels. As the pair stabilizes around the 152.55 level, traders are eyeing key […]
The US Dollar strengthened as the week drew to a close, buoyed by a combination of positive economic data and a rate cut by the Federal Reserve. The US Dollar Index (DXY), which tracks the greenback’s performance against a basket of six major currencies, saw notable gains on Friday, closing […]
The Australian Dollar (AUD) took a hit this week, with the AUD/USD pair falling 1.25% to 0.6600 on Friday, weighed down by a resurgent U.S. Dollar and ongoing market reactions to Federal Reserve policy and economic data. While the Reserve Bank of Australia (RBA) maintained interest rates earlier this week, […]
The NZD/JPY currency pair experienced a significant decline on Friday, breaking below a crucial support level and signaling a potential intensification of the bearish trend. Key Factors Driving the Downward Trend: Potential Price Targets: Also read : USD/CHF Price Action- Understanding The Impact Of Trendline Breaks And Moving Averages Overall […]
