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: […]
VanEck, a leading global investment firm, has announced the launch of its new SUI Exchange-Traded Note (ETN). This innovative product, listed on Euronext Amsterdam and Paris, offers investors a unique opportunity to gain exposure to the burgeoning Sui blockchain without directly holding its native token, SUI. Sui’s Meteoric Rise Sui, […]
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 […]
China’s crude oil imports continued to decline in October, marking the sixth consecutive month of year-on-year decrease. According to customs data, imports fell by 9% to 44.7 million tons, equivalent to 10.5 million barrels per day. Weakening Demand Drives Import Decline Commerzbank’s commodity analyst, Carsten Fritsch, attributes the weakening import […]
The US Dollar (USD) showed signs of recovery on Friday, following a week of volatility, as it found support after Federal Reserve (Fed) Chairman Jerome Powell reassured markets of his position. Despite concerns about political pressure under President-elect Donald Trump’s administration, Powell firmly asserted that the Federal Reserve remains an […]
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 […]
The GBP/USD exchange rate continues to struggle as the British Pound slips deeper below the 1.3000 level, pressured by a strong U.S. Dollar. The pair’s decline reflects the ongoing demand for safe-haven assets as investors turn risk-averse amid market uncertainty. On Friday, GBP/USD was trading around 1.2938, marking a 0.37% […]
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 Mexican Peso (MXN) has seen a dip in value against the U.S. Dollar (USD) as global markets react to the recent re-election of Donald Trump and his anticipated economic policies.On Friday, USD/MXN continued a broader upward trend, with support observed around the 50-day Simple Moving Average (SMA) near 19.70. […]
