November 14, 2024
Bitcoin rises above $90,000
Bitcoin broke through the $90,000 level, as its rally showed no signs of easing. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs, reaching over $93k. The Bitcoin-Dollar pair skyrocketed 3.2% in the last session. The Stochastic-RSI indicates an overbought […]
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November 14, 2024
Dollar hits one-year high on Trump trades
The U.S. dollar advanced to one-year high against major currencies powered by so-called Trump trades and after U.S. inflation for October came in as expected, suggesting the Federal Reserve will continue lowering interest rates.
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November 14, 2024
Gold extends fall as dollar, Treasury yields rise
Gold prices extended losses for the fourth straight session, weighed down by a stronger dollar and elevated bond yields on news that October U.S. consumer prices increased as expected. The Gold fell 0.6% against the Dollar in the last trading session. According to the Stochastic-RSI, we are in an oversold market.Support: 2525.7 | Resistance: 2648.4
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November 13, 2024
Wall Street dips as focus moves to economic data
Wall Street’s main indexes fell as investors booked profits following post-election gains over the past few days, while focus moved to key inflation data later in the week. Some of the stocks expected to perform well under Donald Trump’s presidency gave back gains.
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November 13, 2024
Oil prices hold near 2-week low after OPEC cuts demand view
Oil prices held near a two-week low after dropping about 5% over the past two sessions as investors absorbed OPEC’s latest downward revision for demand growth, a stronger U.S. dollar and disappointment over China’s latest stimulus plan. The Oil-Dollar pair rose 0.2% in the last session after gaining as much as 1.3% during the session. […]
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November 13, 2024
Dollar rises on Trump tariff hopes
The U.S. dollar rose to a near five-month high against major peers, buoyed by expectations of inflationary import tariffs from Republican President-elect Donald Trump, while bitcoin pared gains from a record rally.
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