Pro-Trump policies drive growth in young Crypto users and venture capital
Pro-Trump economic policies are fueling a wave of enthusiasm among young cryptocurrency users, creating a fertile environment for venture capital investment. Tax reforms and deregulation efforts under Trump-aligned initiatives have boosted confidence in decentralized finance, encouraging a demographic shift toward younger, tech-savvy investors. Analysts note that these policies have reduced barriers to market entry, making […]
Ethereum Price Forecast: ETH may not sustain recent 10% decline despite panic selling from short-term holders
Ethereum’s recent 10% decline has raised concerns about its near-term outlook, as panic selling by short-term holders intensifies. Market data reveals that ETH’s sharp fall was largely driven by speculative traders exiting positions, suggesting heightened volatility and a potential decoupling from broader market trends. Analysts, however, point out that Ethereum’s fundamental network growth and institutional […]
Where will the SP500 find a bottom?
The S&P 500 has recently experienced significant volatility, prompting investors to question where the index might find its bottom. Historically, the 200-week moving average has served as a critical support level during market downturns. In previous corrections, such as those in 2011, 2016, 2018, and 2022, the S&P 500 found support near this average, suggesting […]
EUR/USD Price Forecast: Sellers seeking for lower lows
The EUR/USD pair continued its downward trend, reflecting the euro’s struggle against a broadly stronger dollar. Market sentiment remains bearish, with sellers dominating as the pair nears pivotal support levels. Analysts suggest this move could lead to lower lows, spurred by ongoing concerns over monetary policy divergence between the Federal Reserve and the European Central […]
Stock slump deepens across Europe post-FOMC
European stock markets extended their losses as investors reacted to the Federal Reserve’s latest policy stance, which underscored persistent inflationary pressures and the likelihood of elevated interest rates well into 2024. The Stoxx 600 index dropped nearly 1%, with banks and industrials leading the decline. Major indices in Germany, France, and the UK also suffered […]
Bitcoin Price Forecast: BTC slightly recovers after sharp sell-off following Fed rate cut decision
Bitcoin saw a modest recovery today, edging back above $26,500 after a sharp decline triggered by the Federal Reserve’s rate cut decision. The digital asset experienced heightened volatility as investors recalibrated their positions in response to shifting monetary policy signals. The broader cryptocurrency market mirrored Bitcoin’s fluctuations, with Ethereum and other major altcoins posting minor […]
Australian Dollar pares losses following Consumer Inflation Expectations
The Australian Dollar recovered from earlier declines after consumer inflation expectations signaled persistent price pressures. The rebound followed the release of the Melbourne Institute’s inflation survey, which showed a rise in consumer expectations for inflation from 4.1% to 4.6%. The data suggested that inflationary concerns remain entrenched, potentially influencing future monetary policy decisions. Investors are […]
PBOC sets USD/CNY reference rate at 7.1911 vs. 7.1880 previous
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1911, marking a slight depreciation from the previous rate of 7.1880. This move reflects ongoing efforts by Chinese authorities to manage the yuan’s stability amid persistent market pressures and a robust U.S. dollar. Analysts interpret the adjustment as a signal of Beijing’s […]
Asian Stocks Retreat as Fed Sees Fewer Rate Cuts: Markets Wrap
Asian equities edged lower today as the Federal Reserve signaled fewer interest rate cuts than previously expected in 2024. Major indexes in Hong Kong, Japan, and South Korea posted declines, reflecting investor caution following the Fed’s hawkish tone. The Hang Seng Index dropped 1.2%, while the Nikkei 225 shed 0.8%, reversing earlier gains. The Fed’s […]
EUR/USD remains on the defensive below 1.0400 on hawkish Fed rate cut
The EUR/USD pair extended its decline, staying below the 1.0400 mark as market sentiment remained cautious over the Federal Reserve’s hawkish outlook. Investors have scaled back expectations for rate cuts in 2024, reflecting the Fed’s commitment to controlling inflation despite recent signs of economic slowdown. This sentiment has bolstered demand for the dollar, pressuring the […]