What past cycles say about Bitcoin potentially surpassing $1.5 million
Bitcoin’s price has been a subject of intense speculation, with many analysts drawing comparisons to past market cycles. As the cryptocurrency continues to capture global attention, some are predicting it could surpass $1.5 million per coin. Drawing on historical price movements, previous cycles offer intriguing insights into how Bitcoin might hit this milestone. The volatile […]
Australian dollar holds losses following China trade balance
The Australian Dollar continued to struggle on Monday after China’s trade balance report fell short of expectations, dampening investor sentiment. The Aussie dollar was down by approximately 0.3% against the US dollar, trading at around 0.6375, as traders reacted to weaker-than-anticipated Chinese trade data. China’s trade surplus shrank in November, posting a decline that raised […]
Japanese Yen touches over one-week low against USD; lacks follow-through selling
The Australian dollar continued to face pressure Monday, holding onto losses from earlier in the session after China’s widening trade deficit raised concerns about economic growth in the region. The currency, often seen as a barometer for demand in commodities and closely tied to Chinese economic activity, dropped 0.4% to US$0.64, marking a second consecutive […]
Australian dollar remains tepid ahead of the RBA decision
The Australian dollar remained largely subdued on Monday as markets awaited the Reserve Bank of Australia’s (RBA) upcoming interest rate decision, which is expected to provide critical clues about the country’s economic trajectory. The currency traded at US$0.6415, edging slightly lower despite a broad rally in commodity prices, which typically supports the Australian dollar due […]
The next milestone for Bitcoin could be $250k: YouTuber Matt Kohrs
Bitcoin could be on the cusp of a significant rally, with predictions pointing to $250,000 as the next major target. YouTuber and cryptocurrency analyst Matt Kohrs recently shared his forecast with a growing audience of Bitcoin enthusiasts. According to Kohrs, market trends and recent price movements suggest that Bitcoin’s upward momentum is far from over. […]
USD/INR flat lines as traders await US CPI release
The USD/INR currency pair remained relatively unchanged in early trading as traders positioned themselves for the highly anticipated release of the US Consumer Price Index (CPI) data. Market participants are bracing for the report, which could provide crucial insights into the future direction of US monetary policy. At the time of writing, the pair was […]
Argentine oil output is poised to oust Colombia from South America’s top three
Argentina is on track to surpass Colombia as one of South America’s top three oil producers, thanks to a surge in output from its Vaca Muerta shale play. Production from the massive formation has grown steadily, with November setting new records for both crude oil and natural gas. Colombia’s reliance on conventional fields and challenges […]
RBA set to keep interest rate unchanged amid high inflation, tight labor market
The Reserve Bank of Australia (RBA) is widely expected to keep its interest rate steady, balancing persistent high inflation against a tightening labor market. Despite inflation remaining above the target range, policymakers are opting for caution as economic growth slows, reflecting a global trend of central banks pausing aggressive rate hikes. Market analysts suggest the […]
South Korea says recent volatility in financial, FX markets excessive
South Korea has raised concerns over the recent turbulence in its financial and foreign exchange markets, describing the fluctuations as excessive. The nation’s finance ministry highlighted growing uncertainties in global markets, citing geopolitical risks and tightening monetary policies as primary drivers of the volatility. In a statement, the government pledged swift intervention if necessary to […]
WTI rebounds to near $68.00 amid Middle East geopolitical risks
West Texas Intermediate (WTI) crude regained momentum, climbing to over $68 per barrel as rising geopolitical risks in the Middle East spurred concerns over potential disruptions in global oil supplies. The rebound follows a week of heightened market volatility, driven by fears of escalating conflict in the region and its impact on crude flow through […]
