Bitcoin surged on Wednesday, approaching its all-time high as investors bet on a potential pro-crypto shift in U.S. policy depending on the outcome of the upcoming presidential election. The world’s largest cryptocurrency rose 2% to $72,456.80, close to its record peak of $73,798. Bitcoin Rallies on Trump’s Pro-Crypto PositionBitcoin’s recent …

Asian markets saw broad declines on Wednesday, as rising caution ahead of the U.S. presidential election and a series of crucial economic data releases weighed on sentiment. Japan’s Nikkei, however, continued to gain, fueled by technology stocks and expectations that the Bank of Japan (BOJ) will maintain an accommodative stance. …

European shares ticked up on Tuesday, fueled by anticipation for major U.S. tech earnings, while the dollar remained near a three-month high as investors braced for key U.S. labor market data. The pan-European STOXX 600 rose 0.3%, reaching its highest level in over a week. Major European indices were similarly …

Oil prices saw a modest recovery on Tuesday, buoyed by the U.S. government’s plan to purchase up to 3 million barrels for the Strategic Petroleum Reserve (SPR), yet concerns lingered over weaker global demand growth. As of 10:26 GMT, Brent crude futures rose 1.04% to $72.16 a barrel, while U.S. …

Gold prices inched closer to record highs on Tuesday, driven by uncertainty over the upcoming 2024 U.S. presidential election and critical economic reports that are likely to shape Federal Reserve rate decisions. As of 07:00 ET (11:00 GMT), Spot gold rose 0.3% to $2,750.25 an ounce, while December gold futures …

The U.S. dollar held steady at high levels on Tuesday, bolstered by recent U.S. economic data that suggests resilience in the economy and anticipation of a slower pace of rate cuts from the Federal Reserve. Meanwhile, the Japanese yen remained near a three-month low due to post-election political uncertainty. As …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

Gold prices are currently showing positive momentum as they attempt to breach the recent peak of $2758 per ounce. Technical Analysis: Analyzing the 4-hour chart, gold has started forming lower peaks, suggesting a potential continuation of a downward correction. The Stochastic indicator is also providing negative signals, indicating a possibility …