The euro pulled back from earlier highs after briefly rallying following the election victory of Germany’s conservatives. Investors were also looking for clues to see if Germany will loosen its constitutionally enshrined ‘debt brake’ rule that limits the budget deficit to just 0.35% of national output.
The Euro-Dollar price remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal.
Support: 1.0371 | Resistance: 1.0596
Wall Street’s main indexes were mixed in choppy trading, with technology stocks creating the biggest drag as investors awaited results from chip giant Nvidia for clues on the future of demand for artificial intelligence technology. The Dow and the S&P 500 managed small gains.
Bitcoin is currently down 8% in February and is less than a week away from registering its first negative monthly returns since February 2020. With the average return sitting at around 14%, the likelihood of Bitcoin hitting a new all-time high is relatively low based on current sentiments.
The Bitcoin-Dollar pair dove 2.0% in the last session. The ROC is giving a negative signal.
Support: 90896 | Resistance: 98789
British stocks ended flat on Friday as investors reacted to mixed economic data this week that left the Bank of England uncertain about the UK’s economic and monetary policy outlook. The benchmark FTSE 100 dipped 0.04%, in the red for a fourth straight session.
Stocks finished lower on Wall Street but edged higher in Europe on Friday amid uncertainty about U.S. President Donald Trump’s rapid policy initiatives, including spending cuts and tariffs, and Germany’s upcoming elections. Oil prices settled down more than 2% while gold eased from record highs.
The Oil-Dollar pair dove 3.4% in the last session. The Stochastic-RSI is giving a negative signal.
Support: 66.776 | Resistance: 74.455
The market share of BlackRock’s Bitcoin exchange-traded fund has grown to over 50%, even as Bitcoin ETF issuers experience a broader sell-off. BlackRock, the world’s largest asset manager, now holds over $56.8 billion worth of Bitcoin, accounting for 50.4% of the holdings of all US ETF issuers.
