Cryptocurrencies continue to draw attention from traders and investors, especially the market leaders such as Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). As these assets have grown, so too has the need for accurate price projections, especially in the short term. This article takes a closer look at the short-term price projections for BTCUSD, XRPUSD, […]
Short-Term Price Projections for BTCUSD, XRPUSD, and ETHUSD Read More »
The dollar fell against the euro and the yen on Monday as investors weighed mixed U.S. economic data over the past week and looked ahead to the release of a key inflation gauge for further clues about when the Federal Reserve is likely to begin a tapering cycle. interest rates. The dollar initially jumped to
US Dollar Falls as Pressure Mounting Ahead of US CPI Data Read More »
Oil markets closed the year on a sober note, experiencing their first dip into the red since 2020. Analysts attribute this downturn to various factors, signaling a shift from pandemic-driven price recovery to a market increasingly influenced by speculators. Speculative Takeover: Detached from Fundamentals Speculators have taken center stage, steering market fluctuations detached from fundamental
Global Oil Markets Face Challenges as Demand Lags Behind Surging Supply Read More »
In a surprising turn of events, the United States has become the leading global producer of oil under President Biden’s administration, breaking records and reshaping geopolitical dynamics. Despite the significant impact on gas prices and OPEC’s influence, the president has remained relatively silent on this milestone, highlighting the complex challenges Democrats face in balancing energy
US Oil Production Hits Record Highs, Impacting Biden’s Climate Agenda Read More »
On Monday, December 18, here’s what you need to know: The Bank of Japan is expected to announce its decision in anticipation of tomorrow’s latest policy meeting. There has been speculation concerning when the Bank would finally end its ultra-loose, negative interest rate monetary policy. Before such a change can be made, the Bank has
Financial Markets Stabilize After Central Banks Saga Read More »
The USD gained after finding a bottom on Tuesday yesterday due to a yield turnaround after earlier falls. Consumer sentiment in Michigan continued to support the economy, as consumer forecasts for inflation one and five years away continued to be higher, with the rate at 4.5% one year and 3.2% five years from now. The
Forex Signals Today: EU, UK Manufacturing and Services PMIs Read More »
The following are the things you need to know on Wednesday, November 22 2023: Despite Monday’s sharp decline, the US Dollar Index managed to gain some small daily points on Tuesday. The USD continues to hold its ground against its rivals early Wednesday. The US economic docket will include Durable Goods Orders data for October
US Dollar Stabilizes as Focus Shifts to Thanksgiving, Data Releases Read More »
On Tuesday, November 21, here’s what you need to know: Despite the bullish action on Wall Street on Monday, the US Dollar (USD) suffered losses against its major rivals as risk flows continued to dominate the financial markets. Investors are focusing on the minutes of the Federal Reserve’s policy meeting from October 31-November as the
Inflation Data from Canada and Fomc Minutes Could Spark a Market Rally Read More »
The following information is important for Friday, November 17: The financial markets remained relatively quiet for a third consecutive Friday due to a lack of fundamental drivers. US economic data will include Housing Starts and Building Permits, while Eurostat will release revisions to the October Harmonized Index of Consumer Prices (HICP). Despite the uninspiring data
US Housing Data Leads to Choppy Trading Read More »
Here is what you need to know on Monday, October 9: After Israel declared war on the Palestinian Hamas group on Tuesday, investors sought refuge to start the week as geopolitical tensions escalated. At last, the US Dollar Index traded in positive territory below 106.50 after opening with a bullish gap. The New York Stock
Safe-Haven Flows Dominate as Tensions Between Israel and Hamas Escalate Read More »
