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Investors are stuck in a difficult situation despite the positive employment-related data from the United States. March saw a significant decline in eurozone inflation, paving the way for an ECB rate decrease in June. Despite the recent upswing, the EUR/USD pair is technically bearish, with 1.0694 in sight. The US Dollar started the week stronger … Read more
In 2024, the gold market saw a significant upswing in prices; this is merely the start of a new wave that is anticipated to continue. After years of rising prices, the market has finally broken through the $2,075 long-term pivot. Experts and commentators have been debating this move for a number of years. The gold … Read more
The 4 and 5 year averages for DXY are 99.28 and 99.00, respectively. DXY begins the week at 104.29, and the critical levels of 104.40, 104.60, 105.25, and 106.72 are located above that. The price of DXY has a ways to go before it corrects; it is overbought, too high. The DXY averages at 103.66, … Read more
The current price of gold (XAU/USD) ended the week higher than it started, rising by +4.3% and testing all-time highs above $2,330/ounce due to speculative buying, geopolitical tensions, and forecasts of lower rates this year. Unquestionably, the yellow metal is on the rise and has been since late 2022, when it formed a bottom in … Read more
Markets The offset in average hourly wages, which was in line with forecasts, prevented cross-asset investors from suffering another meltdown despite a home run headline NFP reading. This was made possible by Friday’s spike in equities. ADP’s “pay insights” data earlier in the week showed double-digit wage rise for job-switchers, which alarmed the Fed with … Read more
The US Employment Situation Report concluded last week. The US economy added almost 300,000 jobs in March, surpassing the median forecast of 210,000 jobs (previous data: slight downward revision from +275,000 to +270,000). This was a big beat for the markets in terms of employment growth.This was the biggest one-month increase in almost a full … Read more
Bitcoin spot rates might be dropping sharply. Unfazed, one analyst believes that the currency would recover its losses and rise sharply before peaking in December 2024. Based on the structure in the daily chart, BTC is down about 11% from 2024 high at spot pricing and is not creating enough purchasing pressure. Will History Support … Read more
According to Amanda Tuminelli, chief legal officer, cryptocurrency might require Supreme Court action. The opinion is expressed in the context of divergent district courts’ classification decisions regarding cryptocurrency assets. Experts speculate that the XRP winning decision may be overturned by a higher court. Market participants for cryptocurrencies are still demanding unambiguous regulations from US authorities, … Read more
For Ethereum (ETH) and XRP, crypto analyst CrediBULL Crypto has outlined an optimistic story. According to him, the value of both tokens might increase to $20 and $20,000, respectively. He also specified the expected timing of this parabolic price spike. Ethereum Could Hit A Market Top Near $20,000 In a post on X (formerly Twitter), … Read more
March saw significant increases for cryptocurrencies, nearly doubling trade volumes to an all-time high as the top coins reached previously unexplored heights and altered the dynamics of the market. In a research report, JPMorgan (JPM) stated that the capitalization of the cryptocurrency market increased by 19% in March, indicating that growth is still occurring, albeit … Read more
