The pair extended its constructive grind, meeting the 1.1660 objective and printing a 1.1665 high. Technical outlook SMAs & structure: Price holds above the simple moving averages and tracks an ascending trendline, reinforcing the corrective bullish bias. RSI: Working off overbought; may turn supportive again in the near term. Base …
Read More »Gold extends rally as shutdown ends but growth doubts linger; silver, platinum climb, copper firms
Gold rose for a third session on Thursday as investors weighed the formal end of the United States’ record 43-day government shutdown against lingering uncertainty about the economic outlook and the Federal Reserve’s next move. At 12:55 GMT, spot gold was up 1.1% to $4,242.09/oz, while December futures added 0.8% …
Read More »Bitcoin slips as ETF outflows persist; altcoins eke out gains on shutdown relief
Bitcoin edged lower on Thursday, extending a subdued stretch as institutional demand remained tepid despite a modest improvement in global risk appetite following the end of the U.S. government shutdown. At 00:52 ET (05:52 GMT), Bitcoin fell 0.6% to $102,775, lagging a mild recovery across major altcoins. ETF flows stay …
Read More »U.S. shutdown ends after 43 days as Trump signs funding bill
President Trump signed a stopgap funding package late Wednesday, formally ending the longest U.S. government shutdown (43 days). The measure, passed by both chambers this week largely along party lines, funds most agencies through Jan. 30 and provides full-year appropriations for select departments. The Senate advanced the deal on Monday …
Read More »UK GDP ekes out 0.1% in Q3; September contraction underscores fragile backdrop ahead of Reeves’ “difficult” budget
The UK economy barely expanded in the third quarter and slipped in September, sharpening the focus on Chancellor Rachel Reeves’ tax-tilted budget later this month and complicating the Bank of England’s year-end policy calculus. Headline prints Q3 GDP: +0.1% q/q (vs. +0.3% in Q2), signalling a loss of momentum into …
Read More »Asia stocks mostly higher; Hang Seng jumps on tech, SoftBank overhang caps Nikkei
Most Asian equities advanced Wednesday, with Hong Kong leading on a sharp rebound in local technology names, while Japan’s Nikkei 225 struggled for traction as a steep drop in SoftBank Group offset cyclical strength. U.S. risk appetite provided a modest tailwind after cyclicals outperformed on Wall Street amid hopes the …
Read More »U.S. futures inch higher as Capitol Hill nears shutdown deal; data return and Fed path in focus
U.S. equity futures rose early Wednesday as investors awaited confirmation of a deal to end the longest federal government shutdown on record, a development that would restore the flow of key economic data and help clarify the Federal Reserve’s next move. At 05:30 ET, Dow Jones futures added 0.2% (about …
Read More »Bitcoin extends losses despite broader risk-on tone as U.S. shutdown resolution nears
Market overview. Bitcoin fell for a third session on Wednesday, slipping 1.8% to $103,344 by 00:28 ET (05:28 GMT) after an intraday low of $102,737. The move extends early-November weakness that briefly pushed prices below $100,000, with the crypto complex failing to participate meaningfully in the broader risk rebound tied …
Read More »Oil slips as oversupply worries outweigh U.S. shutdown-end optimism; firm dollar adds pressure
Oil prices edged lower in Asian trading Wednesday, with fragile support from signs Washington is poised to end the longest U.S. government shutdown on record outweighed by persistent fears of a looming supply glut and a resilient dollar. By 01:21 GMT, Brent January futures were down 0.2% to $65.04/bbl, while …
Read More »Europe edges higher as U.S. shutdown resolution nears; German inflation cools, Bayer jumps
European equities extended gains Wednesday, buoyed by signs Washington is close to ending the record U.S. government shutdown and by a steady stream of supportive corporate updates. By 08:10 GMT, Germany’s DAX rose 0.8%, France’s CAC 40 0.5%, and the U.K.’s FTSE 100 0.2%. Macro backdrop: shutdown optimism, cooler German …
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