The Bitcoin whitepaper, published by the pseudonymous Satoshi Nakamoto, marks its 17th anniversary on Friday. Over the past 17 years, BTC has evolved from a peer-to-peer digital cash concept to an institutional-grade asset class, backed by spot ETFs, … [Continue reading]
US Dollar Weekly Forecast: Trick or trade?
The week that wasFollowing an apathetic start to the week, the US Dollar (USD) managed to regain impulse on the back of hopes for a US-China trade deal and Chair Jerome Powell’s prudent message after the Federal Reserve (Fed) matched consensus on … [Continue reading]
Dow Jones Industrial Average’s week-long stall continues on Friday
The Dow Jones Industrial Average (DJIA) is poised to end the trading week near where it started, with price action churning familiar territory around the 47,500 region. Despite the Federal Reserve (Fed) delivering a widely anticipated interest rate … [Continue reading]
Ethereum Price Forecast: ETH risks decline to $3,500 as US investors lose momentum
Ethereum price today: $3,820The Ethereum Coinbase Premium Index and ETF flows indicate that demand from US investors has weakened.The futures market also shows reduced US exposure, as evidenced by compressed CME Futures annualized basis.ETH could … [Continue reading]
EUR/USD slides to three-month low as Fed’s hawkish tone fuels US Dollar rally
The Euro (EUR) weakens further against the US Dollar (USD) on Friday, with EUR/USD slipping to a three-month low. The pair remains under pressure as the Greenback draws support from the Federal Reserve’s (Fed) hawkish tone after delivering a widely … [Continue reading]
Forecasting the upcoming week: Attention remains on central banks and the ISM
The US Dollar (USD) built on the previous week’s gains and advanced to multi-week highs. The strong resurgence of the buying interest in the Greenback gathered extra pace following the cautious tone from Chair Jerome Powell after the Federal Reserve … [Continue reading]
GBP/USD falls to seven-month low amid UK fiscal concerns, Fed hawkish tone
GBP/USD extends its downward momentum, touching a new seven-month low of 1.3097 on Friday. The pair remains under persistent selling pressure as investors continue to favor the US Dollar (USD) amid reduced expectations of further Federal Reserve … [Continue reading]
Gold slips below $4,000, heads for second weekly loss
Gold (XAU/USD) drifts lower on Friday after holding above the $4,000 level for the better part of the day as investors reassess the Federal Reserve’s (Fed) monetary policy outlook following this week’s interest rate cut. At the time of writing, … [Continue reading]
WTI rebounds amid modest energy recovery, OPEC+ output hike in focus
West Texas Intermediate (WTI) US Oil price rises to $60.50 per barrel on Friday, up 0.65% on the day, extending its rebound after two sessions of subdued trading. Despite the modest recovery, Crude Oil prices remain on track for their third … [Continue reading]
United States Baker Hughes US Oil Rig Count dipped from previous 420 to 414
The Bitcoin whitepaper, published by the pseudonymous Satoshi Nakamoto, marks its 17th anniversary on Friday. Over the past 17 years, BTC has evolved from a peer-to-peer digital cash concept to an institutional-grade asset class, backed by spot ETFs, … [Continue reading]