Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why
Last week, Bitcoin saw consistent upward momentum, leading to the asset breaching multiple resistances to achieve a peak of $93,477 finally. However, ever since, BTC has seen a price decrease and appears to maintain stability above $90,000 while showing signs of controlled market sentiment.Amid this price performance, a CryptoQuant analyst known as G a a h recently shared […]
Geopolitics Roil Capital Markets
Image Source: Pixabay Overview: Within hours of the US giving permission to Ukraine to use US weapons to strike Russian territory, which it did, Moscow announced a change it is nuclear doctrine that allow for the use of nuclear weapons against a conventionally armed adversary that is back by nuclear powers. This follows on the heels of […]
Gold Rebounds Amid USD Weakness And Geopolitical Uncertainties
Gold prices rebounded, crossing 2,620 USD per troy ounce on Tuesday, as the US dollar weakened, and investors sought clarity on the Federal Reserve’s monetary policy direction. The likelihood of a Fed rate cut in December currently stands at 59%, reflecting a slight decline from previous days.Market participants also closely monitor potential cabinet picks by […]
Daily Market Outlook – Tuesday, Nov. 19
Image Source: Pixabay As traders awaited President-elect Donald Trump’s cabinet choices and evaluated the outlook for Federal Reserve easing, Asian equities increased on Tuesday, while U.S. bond rates and the currency stayed below recent multi-month highs. Traders are leveraging the recent market weakness to purchase equities at discounted prices, despite concerns regarding the outlook for interest […]
AUD/USD Forex Signal: Australian Dollar Bounces From Massive Support
Potential Signal:I think a short-term buying opportunity could present itself, but if we were to break down below the 0.6440 level, then you would have to bail out on it, using that level as a stop loss. The target could be 0.6600, with an entry where we are now. During my daily analysis of major […]
Sensex Today Zooms 800 Points; Auto & IT Stocks Surge
Asian share markets are higher today as traders awaited President-elect Donald Trump’s cabinet selection and sought to gauge the outlook for Fed easing.In US markets, Wall Street’s main indexes showed mixed performance on Monday as investors awaited Nvidia’s third-quarter earnings after last week’s sell-off driven by concerns over Donald Trump’s cabinet appointments and central bank policy.Nvidia, whose […]
How Much Lower Could Wednesday’s UK CPI Print Sink The GDP?
At its November 7 meeting, the Bank of England cut rates by 25 basis points to 4.75%, with Governor Andrew Bailey emphasizing a cautious approach due to persistent inflation risks, particularly in services. Though only a 20% chance of another rate cut in December is priced in by markets, dovish labor CPI data could shift […]
Gold Miners Enter The Bears Den
Many investors consider a decline of 20% or more to be a bear market. We can debate the merit of the random 20% figure, but according to that definition, gold miners, down 25% from its peak on October 22, are in a bear market. We have noted numerous times in the last month or so […]
Elliott Wave Technical Analysis: Shanghai Composite Index – Tuesday, Nov. 19
Shanghai Composite Elliott Wave Technical AnalysisFunction: Counter TrendMode: Impulsive as CStructure: Gray Wave CPosition: Orange Wave 2Direction (Next Higher Degrees): Orange Wave 3Details: Gray wave B appears completed, with gray wave C now active.Wave Invalid Level: 2684.5610The Shanghai Composite daily chart analysis by Trading Lounge highlights a counter-trend phase within an Elliott Wave structure. The active wave […]
Forex Today: Bitcoin Keeps Coiling Below Record High
Image Source: Pexels Bitcoin threatens to make a new record high as it below last week’s high just above $93,000, which suggests that it could reach $100,000 soon. The cryptocurrency Bitcoin has consolidated since making a record high above $93,000 a few days ago, but the price action right now indicates a further bullish breakout is looking likely […]
