Share: Bitcoin price has displayed a sustained downtrend over the past four days with lower highs and lower lows. BTC could revert to $50,000 amid low trading volumes and enhanced volatility characteristic of weekends. The bearish thesis will be … [Continue reading]
EUR/USD spins tires just north of 1.0800 as Friday wrapup goes nowhere
Share: EUR/USD continues to cycle north of 1.0800. European data confirms preliminary prints. Investors will have to wait until midweek for meaningful data. EUR/USD cycled on Friday, stuck in a near-term range between 1.0840 and 1.0810 as markets … [Continue reading]
EUR/USD spins in place amidst quiet Friday wrapup
Share: EUR/USD continues to cycle north of 1.0800. European data confirmed preliminary prints. Investors will have to wait until midweek for meaningful data. EUR/USD cycled on Friday, stuck in a near-term range between 1.0840 and 1.0810 as markets … [Continue reading]
PEPE price inches closer to 2024 peak with top crypto exchanges teasing PEPE memes on X
Share: PEPE price rallied to a high of $0.00000141 on Friday as Binance, Bitstamp and OKX teased users with related memes on X. Binance announced a 700,000 PEPE reward for a quiz contest for users. OKX and Bitstamp teased users with the … [Continue reading]
ECB’s Schnabel: Monetary policy has had a weaker impact on dampening demand for services
Share: European Central Bank (ECB) executive board member Isabel Schnabel is speaking speak about the Payment Methods Survey of Companies in Switzerland 2023 on Friday. She said that “monetary policy has had a weaker impact on dampening demand for … [Continue reading]
Singapore Consumer Price Index (YoY) came in at 2.9, below expectations (3.8) in January
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United Kingdom GfK Consumer Confidence registered at -21, below expectations (-18) in February
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Gold price falls as US Treasury yields rise after solid US jobs data
Share: Gold prices moves marginally lower, trading within $2,020-$2,024, reflecting cautious investor sentiment. US employment strength and PMI figures support the Fed's inclination to maintain current rate levels. Rising US Treasury yields … [Continue reading]
S&P 500 Index has further to go, with year-end target of 5,100 – Deutsche Bank
Share: Economists at Deutsche Bank expect the S&P 500 Index to extend its race higher over the course of the year. S&P 500 to 5,100 by Q4 2024 We set a 2024 S&P 500 year-end target of 5,100. All measures of earnings beats in the US … [Continue reading]
EUR/USD maintains position around 1.0850 after mixed Eurozone, German PMI, US PMI eyed
Share: EUR/USD rises even as Fed Minutes reflected concerns over premature interest-rate cuts. Eurozone, German PMI data for February suggest improving activity in the services sector, but manufacturing lags. The US Dollar loses ground despite … [Continue reading]