Gold Holds Decline Before Jobs Data That May Influence Fed Rates
Gold prices extended losses as investors awaited crucial U.S. jobs data, a key indicator that could shape the Federal Reserve’s next moves on interest rates. The metal has faced pressure amid rising Treasury yields and a stronger dollar, reflecting markets bracing for potential signals of continued monetary tightening. Analysts predict the labor report may either […]
BoE’s Greene: Unclear how Trump tariffs would move UK inflation
Bank of England official Michael Greene expressed uncertainty about how potential Trump tariffs could impact inflation in the UK. Speaking at a recent event, Greene acknowledged the potential risks posed by global trade disruptions but cautioned that predicting their effect on UK price pressures is difficult. With tariffs being a central issue in international trade, […]
Gamestop, GME meme coin surge following Roaring Kitty return
GameStop shares and the GME meme coin experienced a sharp surge following the return of Keith Gill, widely known as “Roaring Kitty,” to social media. Gill, a pivotal figure in the 2021 GameStop short-squeeze frenzy, made his comeback after a prolonged silence, reigniting enthusiasm among retail investors and meme-stock enthusiasts. The sudden resurgence of interest […]
Ethereum Price Forecast: ETH overcomes key hurdle as ETF and staking inflows improve
Ethereum has surpassed a critical resistance level, buoyed by rising optimism surrounding potential ETF approvals and an increase in staking inflows. The cryptocurrency’s price action reflects growing investor confidence as the broader digital asset market anticipates regulatory clarity for exchange-traded funds. Analysts suggest this momentum could pave the way for further gains if institutional interest […]
US dollar recovered some ground after Jerome Powell’s words
The US dollar gained back some strength after Federal Reserve Chairman Jerome Powell’s remarks hinted at the possibility of tighter monetary policy in the coming months. The greenback had faced significant pressure recently due to concerns about inflationary pressures and economic slowdown, but Powell’s statement on interest rate hikes boosted investor confidence. As a result, […]
Australian dollar continues being punished by investors after weak GDP readings
The Australian dollar faced continued pressure from investors on the back of disappointing GDP figures, raising concerns about the nation’s economic trajectory. The currency slipped further against major counterparts after data showed a slower-than-expected growth rate, amplifying fears of prolonged economic stagnation. Australia’s GDP expanded at a mere 0.2% in Q3, missing analysts’ forecasts of […]
Crypto Today: DOGE, BCH and LTC emerge as top gainers with Bitcoin’s $100K breakout sparking PoW rally
The cryptocurrency market witnessed a surge as Bitcoin surpassed the psychological $100,000 mark, igniting a rally among proof-of-work (PoW) coins. Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC) emerged as the standout performers, posting notable gains as investors flocked to established PoW assets. The milestone marks Bitcoin’s increasing dominance, attracting renewed attention to cryptocurrencies leveraging […]
EUR/USD Price Forecast: The hunt for the 1.0600 barrier
The EUR/USD pair edged closer to the 1.0600 mark amid sustained dollar strength, reflecting investor caution over the Federal Reserve’s hawkish stance. Persistent U.S. economic resilience and higher Treasury yields have bolstered the dollar, while the euro faces headwinds from weaker growth data in the Eurozone. Traders are closely watching this critical level, as a […]
Solana Price Forecast: Investors unstake $500M SOL as Bitcoin breaks $100K
Investors have unstaked $500 million worth of Solana (SOL), sparking concerns over potential market turbulence. The unstaking coincided with Bitcoin reaching an all-time high of $100,000, a psychological milestone that has shifted market sentiment. The timing has raised questions about whether the Solana sell-off is a reaction to Bitcoin’s dominance or broader market adjustments. Solana’s […]
Oil: OPEC+ drops its plans to return the oil production – TDS
OPEC+ has abandoned its plans to return oil production to previous levels, a move that has raised eyebrows amid rising global demand for energy. According to TDS, the group cited persistent market uncertainty and a cautious outlook on economic recovery as key reasons behind the decision to maintain current output levels. This shift is expected […]