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Asian stocks were mixed today, influenced by weak Chinese data and uncertainty around US Federal Reserve policies. Fed Chair Jerome Powell’s cautious stance on cutting interest rates and stronger-than-expected US inflation data have reduced expectations for a December rate cut. This shift has strengthened the US Dollar and boosted Treasury yields. Traders are now closely […]

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18/01/2024

Bitcoin Price Turns Red And Could Revisit $40K

Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it stays below the $44,000 resistance zone. Ethereum is performing better and might aim for a move toward $2,750. Bitcoin Price […]
01/04/2024

Crude Oil Kicks Off the New Quarter on a Positive Footage

The week starts very slowly as most Western markets are closed for Easter holiday. The US revealed the latest core PCE print on a Good Friday and the Federal Reserve (Fed) Chair Jerome Powell spoke after the data. The headline figure came in line with the expectations at 2.8%, down from 2.9% printed a month […]
22/11/2024

Bitcoin’s (BTC/USD) Rocket Ride to Near $100,000, More to Come?

Bitcoin’s price surge is fueled by institutional demand, growing mainstream acceptance, and a derivatives market boom. The derivatives market surge, while driving prices higher, also increases volatility and the risk of liquidations. ETF inflows have approached $2 billion in three days, further boosting Bitcoin’s rally. Bitcoin prices continue to rise and print fresh highs as […]