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Two Trades To Watch: EUR/USD, Oil Forecast – Monday, Dec. 9

Two Trades To Watch: EUR/USD, Oil Forecast – Monday, Dec. 9

Image Source: Unsplash  EUR/USD rises with ECB rate decision & US CPI data due this week ECB is expected to cut rates by 25 bps on Thursday US CPI is set to rise to 2.7% on Wednesday EUR/USD rises above the 20 SMA Yeah, the U.S. dollar is moving higher towards the 10580 level as investors […]
Silver Price Forecast: XAG/USD Posts Fresh Four-week High $31.50 As Fed Dovish Bets Soar

Silver Price Forecast: XAG/USD Posts Fresh Four-week High $31.50 As Fed Dovish Bets Soar

Silver price (XAG/USD) surges above $31.50 at the start of the week. The white metal strengthens as financial market participants become increasingly confident that the Federal Reserve (Fed) will cut interest rates by 25 basis points (bps) to 4.25%-4.50% in the policy meeting on December 18.According to the CME FedWatch tool, the probability for the Fed to cut […]
Is Inflation About To Come Roaring Back?

Is Inflation About To Come Roaring Back?

Has inflation been slain?According to the official data, the answer is “maybe” at best, but most likely “no.”There are three official inflation measures in the U.S. They are: The Consumer Price Index (CPI). The Producer Price Index (PPI). Personal Consumption Expenditures (PCE). CPI has effectively stopped declining for six months now. A lot of commentators […]
EUR/USD Outlook: Fed Rate Cut Odds Boost Euro

EUR/USD Outlook: Fed Rate Cut Odds Boost Euro

The EUR/USD outlook shows some strength in the euro as the dollar drops due to increasing bets for a December Fed rate cut. Meanwhile, traders remained cautious ahead of key US inflation data that will continue shaping the outlook for US monetary policy. The greenback fluctuated on Friday when data showed a mixed picture of the […]
EUR/USD Analysis: Price Awaits ECB Decisions Under Selling Pressure

EUR/USD Analysis: Price Awaits ECB Decisions Under Selling Pressure

At the beginning of another significant trading week, the EUR/USD currency pair is stabilizing on the downside around 1.0566 after failing to break above the 1.0630 resistance level last Friday. Obviously, this follows the release of stronger-than-expected US jobs data. The EUR/USD pair may remain in a narrow range with a bearish bias until the […]
MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B

MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B

Key Takeaways MicroStrategy acquired 21,550 Bitcoin for $2.1 billion, raising its total holdings to 423,650 BTC. The company has raised capital through share sales to fund its ongoing Bitcoin purchases. Share this article MicroStrategy, the world’s largest corporate Bitcoin holder, said Monday it had added 21,550 BTC worth around $2.1 billion to its portfolio. The […]
El Salvador to narrow Bitcoin laws to secure $1.3B loan from IMF—report

El Salvador to narrow Bitcoin laws to secure $1.3B loan from IMF—report

Key Takeaways El Salvador is negotiating a $1.3 billion loan from the IMF requiring changes to its Bitcoin legal tender law. The country plans to make accepting Bitcoin voluntary for businesses to comply with the IMF conditions. Share this article El Salvador plans to make some changes to its approach to Bitcoin in order to […]
Rose Resumes Its Rally As Anticipated

Rose Resumes Its Rally As Anticipated

Cryptocurrency ROSE with ticker ROSEUSD is moving nicely as expected based on technical analysis and Elliott wave theory.On September 11 we have spotted nice and clean bullish setup formation after it unfoleded a five-wave impulse in 2023, followed by a deep A-B-C corrective setback with strong 78,6% Fibo. support area.ROSEUSD Daily Chart From September 11 2024Later […]
Housing Affordability Brings Market To A Standstill

Housing Affordability Brings Market To A Standstill

Housing affordability helps explain why residential real estate transactions have reached a standstill. Over the last five years, housing prices have surged. Per the Case-Shiller 20 City Home Price Index, home prices from 20 of the largest cities have risen between 33% and 80%. Over the same five-year period, mortgage rates jumped from 3.68% to […]
Reducing Government Spending Is Key To Reduce Inflation

Reducing Government Spending Is Key To Reduce Inflation

Image Source: Pixabay  Markets and economists are beginning to recognize that a serious rationalization of spending is the only way to prevent a debt crisis and reduce inflation in the United States. In the latest estimates published by the Treasury, the accumulated deficit between 2024 and 2034 would reach $14 trillion. Considering the path of uncontrolled […]