The dollar tumbled broadly after an official for incoming U.S. administration said President-elect Donald Trump would not impose new trade tariffs on his first day in office, alleviating some fears of an immediate blitz.
The price of Bitcoin surged by more than 6% in minutes to a new high ahead of Donald Trump’s inauguration as president of the United States. Bitcoin briefly surged above $109,000, breaking its previous all-time high above $108,000 recorded on December 17, 2024.
The Bitcoin-Dollar pair skyrocketed 2.1% in the last session. The Stochastic indicator is giving a positive signal.
Support: 89162 | Resistance: 118490
Oil prices settled lower after U.S. President Donald Trump was sworn in for a second time, and said he would immediately declare a national energy emergency, promising to fill up strategic reserves and export American energy all over the world.
The Oil-Dollar pair fell 1.7% following a 2.3% intra-session dip. The Williams indicator is giving a negative signal.
Support: 73.47 | Resistance: 79.439
China notified the International Monetary Fund that its economy grew by 5% in 2024, IMF Chief Economist Pierre-Olivier Gourinchas said, calling the development a “positive surprise” compared to the IMF’s forecast of 4.8%.
Gold prices were pressured by an uptick in the U.S. dollar, but still notched another weekly gain as uncertainties around incoming President Donald Trump’s policies and renewed bets of further rate cuts lifted bullion above the key $2,700 level.
The last session saw the Gold fall 0.4% against the Dollar. The MACD is giving a positive signal.
Support: 2674.6 | Resistance: 2732.5
Rumors about potential tax cuts or complete removal of taxes on crypto capital gains are circulating, fueled by the buzz surrounding US President-elect Donald Trump’s official memecoin. TRUMP is now in top 15 largest cryptocurrency by market cap, reaching it in under 48 hours.
