Bitcoin declined for a third consecutive session on Wednesday, as profit-taking from recent record highs continued. Concerns over U.S. trade and monetary policy added to the cautious market mood, pushing the cryptocurrency further away from the coveted $100,000 milestone. The world’s largest cryptocurrency fell 1.6% to $93,131.5 by 01:16 ET …
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Market Analysis
November, 2024
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27 November 2024 12:01 pm
Bitcoin Extends Losses as Profit-Taking, U.S. Policy Uncertainty Weigh on Sentiment
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27 November 2024 11:16 am
Gold Prices Inch Higher Amid Trump Tariff Threats and Mixed Safe-Haven Signals
Gold prices edged up slightly in Asian trade on Wednesday, continuing modest gains from the previous session as safe-haven demand remained supported by concerns over potential U.S. trade tariffs. However, the metal’s ascent was tempered by a resilient U.S. dollar and easing tensions in the Middle East, which dampened some …
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27 November 2024 1:01 am
Tariffs on Canadian imports could drive up US fuel prices
US oil producers have warned that Donald Trump’s plan to impose tariffs on Canadian imports will drive up US fuel prices, as the US president-elect’s threats hit global markets. Trump proposed late on Monday a 25% tariff on all imports from Mexico and Canada, accusing the US’s closest neighbours of …
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27 November 2024 12:11 am
Market Drivers; US Session
Dollar Strengthens as Trump Proposes Tariffs The US Dollar rallied on Tuesday, recovering from a bearish start to the week. A modest uptick in US Treasury yields and the announcement of potential tariffs on imports from key trading partners contributed to the Dollar’s strength.Key Economic Events US: The US Personal …
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26 November 2024 11:50 pm
Investors Await FOMC Minutes, Core PCE
The Dollar Index (DXY) briefly traded above 108 on Friday, driven primarily by euro weakness rather than dollar strength. As we head into a short week due to the US Thanksgiving holiday, market participants are focused on key data releases, including the Federal Reserve’s November FOMC minutes and the core …
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26 November 2024 10:23 pm
Dollar Dithers: Greenback Trapped in a Tug-of-War
The US Dollar found itself caught in a tug-of-war on Tuesday, fluctuating between gains and losses. Initially, the Greenback strengthened as President-elect Trump’s threat of imposing tariffs on key trading partners fueled uncertainty and boosted demand for the safe-haven currency. However, this bullish momentum was tempered by the release of …
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26 November 2024 9:29 pm
US Stock Market Eyes Fresh Record as Wall Street Shrugs Off Trump’s Tariff Threat
US stocks mostly shrugged off President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico on Tuesday, showing resilience despite the potential trade tensions.Market PerformanceThe S&P 500 edged up roughly 0.4%, eyeing a record close, while the tech-heavy Nasdaq Composite jumped about 0.5%. The Dow Jones Industrial …
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26 November 2024 8:35 pm
Gold Stabilizes After Ceasefire Hopes, Trump’s Tariff Threats
Gold prices fluctuated on Tuesday, initially declining on news of a potential ceasefire deal between Israel and Hezbollah. However, the precious metal recovered some losses as U.S. President-elect announced plans to impose tariffs on Mexico and Canada.Ceasefire Hopes Weigh on Gold:A potential 60-day ceasefire deal between Israel and Hezbollah could …
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26 November 2024 7:22 pm
Bitcoin’s Diamond Hands Weaken: A Sign of Impending Correction?
Bitcoin’s long-term holders (LTHs), often hailed as the market’s steadfast bulls, have recently displayed an unexpected shift in behavior. These seasoned investors, who typically hold their coins for over 155 days, have begun to engage in significant profit-taking, a trend that could potentially signal an impending market correction. At the …
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26 November 2024 2:14 pm
European Automakers Slip Amid Trade War Concerns Over Trump’s Tariff Threats
European automaker shares faced a sharp decline on Tuesday as markets reacted to President-elect Donald Trump’s announcement of aggressive tariffs on imports from Canada, Mexico, and China. The prospect of a renewed global trade war reignited investor concerns, weighing heavily on the auto sector. Auto Sector Declines The European autos …
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26 November 2024 12:22 pm
Bitcoin Retreats Below $95K Amid Trade Tariff Fears and Profit-Taking
Bitcoin continued its pullback on Tuesday, retreating 3.6% to $94,567.1 by early morning trade as concerns over potential trade wars reignited risk aversion across global markets. Key Developments in the Bitcoin Market Tariff Threats Dampening SentimentPresident-elect Donald Trump’s announcement of steep import tariffs on China, Canada, and Mexico rattled broader …
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26 November 2024 11:24 am
Gold Prices Edge Higher as Trump’s Tariff Threats Bolster Safe-Haven Demand Amid Mixed Market Dynamics
Gold prices saw a modest uptick during Asian trading on Tuesday, driven by escalating geopolitical and trade concerns, though gains were capped by a stronger U.S. dollar and easing Middle Eastern tensions. Key Market Moves Spot gold increased by 0.1% to $2,628.69 an ounce. Gold futures (December) rose by 0.4% …
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26 November 2024 10:54 am
OPEC+ and the Future of Oil Markets: Critical Decisions Await
As OPEC+ prepares for its December 1 meeting, several pressing issues will dominate the agenda, including a potential delay in planned supply increases and the broader implications of current market dynamics. With weak global demand, a retreating U.S. dollar, and fading geopolitical tensions, the decisions made during this pivotal meeting …
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