The US Dollar Index (DXY) has retreated below the 107.00 mark after profit-taking following the sharp gains in the greenback earlier in November. The index is trading at 106.79. Despite the recent decline, the index remains bullish thanks to strong economic data and a less dovish stance from the Federal …
Read More »Why Trump’s Looming Policies Still Trigger Inflation Concerns
As Donald Trump’s second term approaches, his policy proposals have sparked widespread concern about a potential resurgence of inflation. However, leading economists argue that these fears may be overstated. The debate centers around the impact of Trump’s policies versus the role of the Federal Reserve and money supply dynamics.Immediate Market …
Read More »BTC Holds Below $100,000, But a Breakout Seems Imminent
At less than 2% below $100,000, Bitcoin (BTC) is trading. In November, the price of Bitcoin rose by more than 40%. What is the next goal for this current trend in Bitcoin? Since emerging from a long-term channel in November, the price of Bitcoin has skyrocketed. It has risen by …
Read More »XAU/USD Deteriorates Amid Lebanon Ceasefire Talks
Gold has been declining sharply since the start of trading this week, continuing the downward trend it has followed since last Friday. This decline has been exacerbated by news that has dominated headlines on Monday about a potential ceasefire in Lebanon, which has had a negative impact on the precious …
Read More »$100,000 – A Turning Point for Bitcoin Price: Catalyst for Cryptocurrency Adoption, Regulatory Development
Bitcoin’s journey towards the $100,000 mark represents a pivotal moment. The price movement of the world’s most famous cryptocurrency is driven by several factors, including institutional adoption, global economic uncertainty, and the inherent strength and security of the Bitcoin network. The recent significant rise is expected to accelerate the adoption …
Read More »DXY closes trading week strong Despite paring some gains
The US Dollar Index (DXY) experienced a slight pullback on Friday, November 22nd, after reaching a two-year high amidst ongoing geopolitical tensions. While the robust S&P PMI data underscored the resilience of the US economy, supporting the DXY’s upward trajectory, several factors contributed to its decline.Firstly, profit-taking emerged as a …
Read More »GBP/USD: A Battered Pound Faces Headwinds
The Pound Sterling has been under significant pressure in recent days, with the GBP/USD pair struggling to maintain its footing above the 1.2500 level. This decline can be attributed to a combination of factors, including disappointing UK economic data and escalating geopolitical tensions.Weak Economic Fundamentals Weigh on the PoundRecent economic …
Read More »Coinbase plans to list more meme coins amid regulatory optimism
According to Tom Duff Gordon, vice president of Coinbase, the exchange will probably be able to provide services for smaller cryptocurrency tokens, such as meme coins. Because of his pro-crypto position, the executive expects industry expansion and regulatory certainty under Donald Trump’s administration. The SEC has accused Coinbase of running …
Read More »Oil Markets Eying Weekly Gains Following PMI Data
Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US dollar and positive economic indicators from the United States. The US Dollar Index hit a two-year high, benefiting from the weaker Eurozone economy and strong US economic data.The geopolitical tensions between Russia and Ukraine continue …
Read More »Bitcoin’s Bullish Run: A New Era Dawns
Bitcoin, the world’s pioneering cryptocurrency, continues its relentless ascent, nearing the historic $100,000 mark. This unprecedented surge, which began just weeks ago, has propelled the digital asset to new heights, captivating investors and industry experts alike.The timing of this bullish run is no coincidence. It coincides with the election of …
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