Bitcoin surged on Monday, extending a sharp rebound from last week’s losses after U.S. President Donald Trump reaffirmed his commitment to establishing a Crypto Strategic Reserve. The move, which includes Bitcoin among other major cryptocurrencies, fueled a rally across digital asset markets. The world’s largest cryptocurrency briefly touched $94,901.96 before …
Read More »European Markets Rise as Investors Await Inflation Data and ECB Policy Decision
European stock markets opened the week on a positive note, with investors closely monitoring upcoming inflation data from the eurozone ahead of the European Central Bank’s (ECB) policy-setting meeting. As of early trading on Monday, Germany’s DAX index advanced by 0.9%, France’s CAC 40 gained 0.2%, and the UK’s FTSE …
Read More »Dow Jones makes significant gains 3/3/2025
Oil, Crude, trading
Read More »CAD breaks through resistance 3/3/2025
The Canadian dollar surged against the U.S. dollar, posting notable gains after successfully rebounding from the support level at 1.4370, reaching a high of 1.4472. From a technical perspective, the 4-hour chart indicates that the simple moving averages continue to provide support from below, reinforcing the potential for further upside. …
Read More »GBP holds below resistance 3/3/2025
Oil, Crude, trading
Read More »Oil retests resistance 3/3/2025
U.S. crude oil futures attempted to rise, reaching a high of $70.51 per barrel but failed to maintain stability above the key psychological resistance at $70.00. From a technical perspective, the 4-hour chart indicates bearish momentum, as the Relative Strength Index (RSI) remains below the 50 midline, coupled with a …
Read More »Gold experiencing negative pressure 3/3/2025
Gold prices suffered heavy losses at the end of last week’s trading amid profit-taking, reaching a low of $2,832 per ounce. From a technical analysis perspective, the 4-hour chart shows clear negative crossover signals on the simple moving averages, reinforced by bearish indications on the 14-day momentum indicator. Given these …
Read More »Euro breaks support 3/3/2025
The euro experienced a sharp decline against the U.S. dollar at the end of last month’s trading session, reaching a low of 1.0360. From a technical analysis perspective, a closer look at the 4-hour chart reveals that the simple moving averages are negatively intersecting, reinforcing the daily downward price trend. …
Read More »Euro Zone Consumers Lower Inflation Expectations but Remain Cautious on Economic Outlook
Euro zone consumers adjusted their near-term inflation expectations downward in January but continued to anticipate economic contraction, reflecting a cautious outlook on the region’s growth prospects, according to the European Central Bank’s (ECB) Consumer Expectations Survey released on Friday. Median inflation expectations for the next 12 months declined to 2.6% …
Read More »Bitcoin Falls Below $80,000, Poised for Steepest Monthly Decline Since Trump’s Election Victory
Bitcoin dropped sharply on Friday, slipping below the psychologically significant $80,000 level as investors reacted to escalating U.S. trade tariff concerns and positioned themselves ahead of a key inflation report. The leading cryptocurrency declined 8.4% to $78,955.9 as of 02:11 ET (07:11 GMT), marking a loss of over 22% in …
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