Bitcoin witnessed a decline on Wednesday, March 20, slipping to the level of $62,000 following significant sell-offs subsequent to the cryptocurrency’s recent record high. According to CoinDesk data, Bitcoin traded slightly above $62,900, marking a decrease of approximately 2.5% over the previous 24 hours. Despite this downturn, Bitcoin has demonstrated …
Read More »Bitcoin retreats After Record High: Correction or More to Come?
On Tuesday, March 19, cryptocurrencies like Bitcoin and others were given a reality check. The market saw a correction last week after reaching a record high, with the price of Bitcoin falling by almost 6% in a single day. There are several variables that have combined to cause this decline. …
Read More »EUR/GBP retreats to fortnight low on Sterling’s recovery
The clear winner for Friday is the Sterling. The EUR/GBP pair is retreating into 0.8660 despite the strengthening of the pound sterling on Friday. Next week’s economic schedule includes the UK GDP and EU retail sales in the latter half.As the market approaches the weekly closing bell, the EUR/GBP is …
Read More »Market Drivers – US Session, August 24
All key financial assets, including Thursday’s firmer US dollar, await Fed’s Powell speech on Friday before the Jackson Hole Symposium. Volatility is expected, and it could lead to sharp moves across financial markets.All eyes are on the Kansas City Fed’s Jackson Hole Symposium. On Friday, ECB’s Lagarde and the Fed’s …
Read More »Financial Markets’ Weekly Recap, July 24-28
More central bank decisions are in the pipeline for the new trading week, with live meetings at the Reserve Bank of Australia and the Bank of England. US data will continue in the spotlight with key employment data, including Nonfarm Payrolls. Canada and New Zealand will also release job market …
Read More »Global investors welcoming debt deal despite looming risks
As politicians work to push the agreement through Congress before the new June 5 deadline, international investors are simulating the market effects of that deal.Investors predicted that a deal between the White House and House Republicans to raise the $31.4 trillion debt ceiling would prevent a disastrous American default, increase …
Read More »Bitcoin stabilizes near $27,000 amid reduced volatility
Traders are now questioning whether a bullish breakout is the next possible outcome for the Bitcoin price. The most famous crypto asset, though trading at $26859.14 at the time of writing, is amid an ongoing conflict between buyers and sellers, which typically precedes periods of extreme price volatility and is …
Read More »US Durable Goods Orders decline in February
The US Census Bureau said on Friday that orders for durable goods in the US fell by 1%, or $2.6 billion, in February to $268.4 billion. This estimate was less than the market consensus for a growth of 0.6% and follows January’s loss of 5% (updated from -4.5%). “Excluding transportation, …
Read More »Retail commodity investors’ fears accelerate about volatility
Though commodities have been the best-performing asset class for two years, according to Bank of America, experts have warned of market volatility as trading volumes of gold, oil, silver and copper have surged Retail investors are attracted to commodity trading after two consecutive years of plentiful returns, despite concerns that …
Read More »Gold unable to consolidate above $1,820
Gold prices are able to print new highs on Friday, but have difficulties holding above the $1,820 level, while silver hits fresh lows. Volatility prevails during the final hours of 2022 across financial markets.Gold prices are hovering around $1,820 about to end 2022 practically flat for an eventful year. On …
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