Bitcoin Exchange Reserves Hit Record Low, Could $120K Be On The Horizon?
Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset’s consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes.Particularly, recent data indicates that Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a “supply shock” that has […]
Bank Of England Stays On Hold, But A Dovish Front Is Building
Image Source: Pexels Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.The Bank of England kept the Bank Rate at 4.75% today, as […]
AUD/USD Forex Signal: Aussie Dollar Slumps Ahead Of FOMC
Potential signal: I am a seller of this pair but need to see a bounce. I would be interested in shorting near the 0.65 level, with a stop at 0.66, and a target of 0.63 below. The AUD/USD has fallen rather significantly during the trading session on Wednesday as we wait for the FOMC meeting. The FOMC […]
Ethereum Price Falls 5%: Correction Or Start Of A Bigger Slide?
Ethereum price started a sharp decline below the $3,880 zone. ETH is down over 5% and is showing bearish signs below the $3,680 level. Ethereum started a fresh decline below the $3,800 zone. The price is trading below $3,680 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with […]
BOE Decision Preview – Thursday, Dec. 19
Image source: Pixabay The market has already taken in the Fed and BOJ decisions and will now turn its attention to the BOE decision. As far as expectations go, the overwhelming consensus is calling for the Bank of England to hold steady on rates.Video Length: 00:01:29More By This Author:Fed Dot Plot Adjustment Shakes Up Financial Markets […]
The US Federal Reserve Cut Rates By 0.25% But Signaled A More Hawkish Approach Next Year
Image Source: Pixabay At Wednesday’s close, the Dow Jones Index (US30) was down 2.58%. The S&P 500 Index (US500) fell by 2.95%. The Nasdaq Technology Index (US100) lost 3.60%. The US stocks fell on Wednesday as the Federal Reserve cut interest rates by 25 bps but signaled fewer cuts than previous estimates for next year, triggering […]
Stocks & US Dollar Forecast After The Fed Interest Rate Cut
Image Source: Pexels Stocks SelloffStocks were hit-hard Wednesday after the Federal Reserve, despite cutting interest rates by 25 basis points, indicated it would lower fewer times next year than previously forecasted. This across the board selloff could create a short-term rally but yesterdays strong selling pressure provides more potential for an extended bearish selloff. Stock IndicesThe […]
Gold Trading Strategy Today – Thursday, Dec. 19
Image Source: Pixabay Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:41More By This Author:Gold Trading Strategy Today – Wednesday, […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Thursday, Dec. 19
U.S. Dollar / Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 1 Position: Navy blue wave 3 Direction Next Lower Degrees: Orange wave 2 Details: Orange wave C of 2 appears complete. Now, orange wave 1 of navy blue wave 3 is underway. Wave Cancel Invalidation Level: 0.87344 […]
The Outlook For S&P 500 Dividends Near The End Of 2024
It has been over a month since our first look at the expected future quarterly dividends of the S&P 500 (Index: SPX) in 2025. A lot of things have happened since then, most notably the Federal Reserve acted to cut the Federal Funds Rate by a quarter point on 18 December 2024, as was widely expected.But the Fed also clearly […]
