Introduction Bitcoin’s recent surge is capturing attention, especially after Donald Trump’s presidential win. Since this pivotal event, Bitcoin has rallied by 20%, breaking out of a significant bullish flag pattern. This breakout is a clear signal of potential continued bullish momentum. Donald Trump is bullish on cryptocurrency, and we are seeing a ripple effect in Read More…
Most currency futures fell on Friday, apart from the yen, as the dollar ended strong after Trump’s presidential win. The outlook for Fed rate cuts shifted slightly as analysts predicted higher inflation under Trump’s administration. Dollar (Source: Bloomberg) US political uncertainty ended on Wednesday last week as Trump claimed victory in the presidential race. The Read More…
Interest futures rallied on Thursday and Friday as Treasury yields fell after the US central bank lowered rates by 25-bps. The rally came after a dip to new lows due to fears of higher inflation and interest rates with the new Trump administration. Treasury yields eased on Thursday as the Trump trade faded. Initially, yields Read More…
Oil prices fell on Wednesday and Thursday as traders digested the implications of a Trump presidency. At the same time, dollar strength has weighed on prices by making oil more expensive for foreign buyers. Meanwhile, market participants awaited the FOMC policy meeting, which is coming later on Thursday. Dollar vs Brent (Source: Bloomberg, ICE) Results Read More…
Chart OverviewToday’s analysis focuses on Gold Futures, trading on a daily timeframe. While the market maintains an overall bullish trend within a well-defined ascending channel, a potential head and shoulders pattern could be formed. There was a big red candle on the Trump victory, which was no surprise as investors looked for riskier investments instead of Read More…
Gold prices plunged to a three-week low on Wednesday after Trump won the US presidential election. Meanwhile, the US dollar surged to a four-month high, making gold more expensive for foreign buyers. However, the market focus has shifted to the upcoming US central bank policy meeting. Republican candidate Donald Trump won the election on Wednesday, Read More…
