Most currency futures fell on Friday as the dollar rallied on upbeat business activity data. The trend continued on Monday as dollar bulls applauded Trump’s Treasury Secretary nomination. However, the Canadian dollar traded near a high hit on Friday after upbeat sales data. Trump nominated Scott Bessent as the new Treasury Secretary. The dollar rose Read More…
Interest futures fell on Thursday as the dollar, and Treasury yields rose on upbeat US employment data. However, by Friday, prices recovered as market participants awaited the US manufacturing and services PMI figures. US jobless claims (Source: Labor Department) Data on Thursday revealed that US initial jobless claims fell from 219,000 to 213,000 last week. Read More…
Oil prices rebounded on Thursday amid supply concerns as the war between Russia and Ukraine escalated. In the previous session, oil ended down as US crude inventories came in higher than expected. The war between Russia and Ukraine escalated on Thursday as the two countries exchanged missiles. This came after Ukraine used US missiles to Read More…
Introduction A trader on TradingView has shown us an interesting long-term analysis for Bitcoin, targetting a peak between $113,000 and $120,000 USD. This pump is due to Donald Trump’s pro-crypto policies and a favorable regulatory outlook. Bitcoin has doubled in value this year and surged 40% since the U.S. election, as investors get bullish on Read More…
Chart OverviewThe Euro is under significant pressure as the U.S. Dollar strengthens on the back of Donald Trump’s presidential victory. The heightened demand for the dollar has sent the Euro tumbling into a critical support zone at 1.06305. Can the Euro hold this support line, or if further declines are on the horizon. Let’s break Read More…
Gold prices eased on Wednesday after reaching a one-week high in the previous session amid safe-haven inflows. Investors rushed to the safe-haven yellow metal due to fears of an escalation in the Russia-Ukraine war. Gold (Source: Bloomberg) On Tuesday, Russian President Vladimir Putin said the country had updated its nuclear threshold following Ukraine’s recent attack. Read More…
