Bitcoin Declines As Traders Secure Profits
Image Source: Pexels In the wake of President Donald Trump’s recent executive order emphasizing the significance of the digital assets industry for U.S. innovation, Bitcoin experienced a notable decline. The cryptocurrency’s value dropped over 6.5%, falling below $98,000 on Monday morning in Europe, before recovering some losses. Other cryptocurrencies also faced downturns; Solana and XRP decreased […]
EUR/USD Forex Signal: More Gains Ahead Of Fed, ECB Rate Decisions
Bullish view Buy the EUR/USD and set a take-profit at 1.0600. Add a stop-loss at 1.0400. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0480 and a take-profit at 1.0400. Add a stop-loss at 1.0600. The EUR/USD exchange rate continued rising as traders refocused on the upcoming Federal Reserve and European Central Bank (ECB) […]
Canadian Dollar Strengthens, But Its Outlook Hinges On Oil Prices And Trade Tariffs
Photo by Michelle Spollen on Unsplash The USD/CAD pair settled around 1.4393 after experiencing a volatile start to January. On Monday, the market showed interest in buying the Canadian dollar, which had earlier strengthened to a monthly high against the USD. This movement was driven by a weaker US dollar and a more favourable risk sentiment in global […]
Silver Price Under Pressure From Weak Data From China And Trump’s Tariff Policy
Image Source: Pixabay The Dow Jones Index (US30) was down 0.32% on Friday (+2.57% for the week). The S&P 500 Index (US500) was down 0.29% (week-to-date +1.77%). The Nasdaq Technology Index (US100) fell by 0.58% (week-to-date +1.45%). The stock market traded quietly on Friday, helped by relative stability in the bond market, which has driven much […]
Why Are Speculators Betting Big On US Corn And Cattle Markets?
Speculators have taken super-bullish positions in both US corn and cattle due to strong demand, despite dwindling inventories. Money managers have increased their net long position in Chicago Board of Trade (CBOT) corn futures and options to 311,678 contracts in the week ending January 21, up from 292,228 contracts the previous week. Open interest in corn futures and […]
Strategic Crypto Stockpile And Political Uncertainty
Bitcoin and other cryptocurrencies are hitting record highs partly due to Donald Trump’s pro-crypto policies. One such anticipated policy proposal was the establishment of a strategic crypto reserve. Presumably, this would be similar to currency strategic reserves the US holds but would hold cryptocurrencies. The plan, announced Thursday night, calls the strategic crypto holdings a […]
ETH/USD Forecast: Holds 50 Day EMA
During my daily analysis of the cryptocurrency markets, the Ethereum market has captured my attention as we initially pulled back a bit, only to turn around and show signs of life. At this point, the market is currently hanging around the 50 Day EMA, a technical indicator that a lot of people will be paying […]
Cardano In The Red: Struggles Persist Under $1.00
Cardano price started a fresh decline below the $1.00 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level. ADA price started a fresh decline from the $1.020 zone. The price is trading below $1.00 and the 100-hourly simple moving average. There was a break below a key bullish […]
How The Main Political Parties Plan To Make The German Economy Great Again
Image Source: Pexels In this second part of our German election coverage, we take a look at how to tackle Germany’s most pressing economic problems, the main political parties’ policy proposals and the complicated German election math.In four weeks, the German elections will be history. We will know the results of these crucial elections, not only for […]
Gold Eases As Tech Rout Picks Up On Monday
Gold’s price (XAU/USD) slips below $2,770 at the time of writing on Monday after a headline-filled weekend and a busy week regarding the central bank’s rate decision ahead. Over the weekend, markets understood why United States (US) President Donald Trump has eased on using tariffs as a tool. It appears that tariffs will be used as leverage, for […]
