Gold prices rise in India as market trends support gains
Gold prices in India saw a notable increase on December 4, 2024, with the price for one gram of gold rising to INR 7,206.19, compared to INR 7,193.10 on the previous day. This shift reflects the broader global market movements that have been influencing precious metals. The price of gold for a tola also rose, […]
Bitcoin price forecast: BTC rebounds as South Korea martial law proves short-lived
Bitcoin exchange-traded funds (ETFs) are ushering in a new era of investment opportunities, providing both retail and institutional investors with greater flexibility and access to the cryptocurrency market. These ETFs have emerged as an effective way to gain exposure to Bitcoin without directly purchasing the asset, offering a more convenient and regulated vehicle for market […]
USD/JPY impulsive decline favors more downside [video]
The USD/JPY currency pair has shown a significant impulsive decline, suggesting more downside potential in the near future. The sharp move lower comes as market sentiment shifts, with the U.S. dollar losing ground amid weaker-than-expected economic data and reduced expectations for aggressive Fed policy tightening. Traders are now focusing on technical signals that support further […]
XRP rally halted after South Korea declares martial law, whales weather selling pressure
The recent rally in XRP came to an abrupt halt following South Korea’s unexpected declaration of martial law. The move, aimed at addressing escalating political unrest, injected uncertainty into global markets, triggering a wave of caution among investors. As a result, the cryptocurrency, which had seen steady gains in recent weeks, faced significant selling pressure. […]
Paul Atkins shows reluctance to replace SEC Chair Gary Gensler
Former SEC Commissioner Paul Atkins has reportedly expressed reluctance to replace current SEC Chair Gary Gensler despite growing calls from certain sectors for a leadership overhaul at the agency. Atkins, known for his deregulatory stance during his tenure, is seen as a potential candidate to take on the role, but his hesitation highlights the complexities […]
Oil prices edge up on geopolitical tensions, OPEC+ supply plans
Oil prices climbed on renewed concerns over geopolitical tensions in the Middle East and uncertainty surrounding OPEC+ supply adjustments. Brent crude rose to $85.75 a barrel, gaining 0.4%, while WTI crude increased 0.3% to $81.23. Market participants are closely watching developments in the region as conflicts could disrupt major oil supply routes. Investor sentiment remains […]
Oil edges higher with focus on OPEC+ supply and China stimulus
Oil prices rose slightly as traders weighed OPEC+ supply adjustments and potential economic support measures from China. Brent crude climbed to $80.56 a barrel, while WTI futures settled at $75.12, reflecting a market tightly balanced between supply constraints and uncertain demand outlooks. Expectations for China’s economic stimulus measures have offered some optimism, though analysts remain […]
EUR/USD trapped below 1.06
The EUR/USD pair remains subdued, struggling to recover above the 1.06 mark, as market sentiment leans cautious amid mixed economic data and central bank speculation. Persistent strength in the U.S. dollar continues to weigh on the euro, driven by higher U.S. Treasury yields and expectations of prolonged monetary tightening from the Federal Reserve. Meanwhile, sluggish […]
Oil Holds Hefty Advance on OPEC+ Deal Progress, Iran Sanctions
Oil prices extended gains on expectations of an impending OPEC+ production deal and mounting supply concerns stemming from Iran sanctions. Market sentiment was bolstered by reports of productive talks among OPEC+ members, with potential agreements aimed at curbing output cuts in a bid to stabilize global prices. Brent crude climbed to $88 per barrel, marking […]