Bitcoin Falls Below $60,000 Following reports of an Israeli missile strike in Iran, global financial markets reacted strongly. Bitcoin fell by 5.5% in a matter of hours, dropping below $60,000. Ethereum, the second-largest cryptocurrency, also declined, falling below $3,000 to $2,895. As geopolitical risks increased, investors moved their funds into traditional safe-haven assets, such as Read More…
Crude Oil has been retreating despite the heightened geopolitical tensions between Israel and Iran in the Middle East. The fundamentals remain supportive, with a pickup in economic activity, although expectations for rate cuts continue to dwindle. The technical analysis will help us determine the next move for CL futures. Daily Timeframe On the daily chart, Read More…
Gold Prices Steady Amid US Dollar Strength and Geopolitical Tensions The gold price continues to rally above all-time highs as bulls take firm control. The gold strength comes despite a strong Dollar but what is driving this price action? On one side, Asian markets have been declining, influenced by the possibility that the FED is Read More…
The S&P 500 experienced a sell-off towards the end of last week’s trading session, largely due to concerns over imminent Iranian retaliation against Israel. However, over the weekend, Iran launched an operation against Israel, but most of the attacks were intercepted without any casualties. Following this, Iran concluded the operation, and the US informed Israel Read More…
The March CPI data has delivered a significant boost to the US dollar, effectively wiping out expectations of a June rate cut by the Fed. This development will prove frustrating for the central bank, though the strong economic growth provides them the luxury of patience. The high inflation figures have several key implications. Firstly, they Read More…
In the global markets, a cautious stance prevails as investors await the release of the U.S. consumer price inflation data for March. This anticipation follows a strong U.S. jobs report last Friday that exceeded expectations, fueling speculation about the Federal Reserve’s interest rate plans. Based on the inflation numbers, today’s news could send RTY higher. Read More…
