CRYPTO TODAY: BTC HALTS AT $98K, MICROSTRATEGY BUYS AGAIN AS XRP, XMR, DASH EMERGE TOP GAINERS Crypto sector valuation reached a new all-time high of $3.5 trillion on Monday. BTC dominance dropped to a 3-month low of 57%, indicating a shift towards altcoins. Crypto liquidations hit $647.46 million,
EUR/USD PRICE FORECAST: A TOUGH BARRIER REMAINS AROUND 1.0600 EUR/USD faced selling pressure, revisiting the 1.0460 zone. The US Dollar rose to three-day highs, impacting EUR/USD. Political instability in France weighed on investor sentiment. EUR/USD resumed its downward trend, breaching 1.0500 and reaching
GOLD PRICE FORECAST: XAU/USD BUYERS APPEAR NON-COMMITTAL AHEAD OF US LABOR DATA Gold remains below $2,650, trading in a narrow range. Price stays below the 21-day SMA at $2,641 with a bearish daily RSI. Awaiting key US labor data, including the JOLTS survey, for further direction. US
BITCOIN UNDER PRESSURE AMID STRONG DOLLAR Bitcoin fell 2.15%, reaching $95,401. Strength of the dollar and reduced demand for cryptocurrencies. Investors expect corrective moves in the crypto market, adding pressure on Bitcoin.
US EMPLOYMENT DATA DOMINATES THE CURRENCY MARKET THIS WEEK US employment data will be a major focus, influencing currency movements. The data is crucial for the Federal Reserve’s policy decisions. Swiss inflation data and the OPEC+ alliance meeting. These events are expected to affect major currencies like the US
EURO SUFFERS CLEAR LOSSES DUE TO POLITICAL CRISIS IN FRANCE The Euro-Dollar pair dropped 0.50%, trading near 1.0519. Political crisis in France, with concerns over the future of Prime Minister Michel Barnier and government instability. The National Rally party announced plans to withdraw support from the government. Investor
THE UNITED STATES HAS IMPOSED NEW RESTRICTIONS ON 140 CHINESE COMPANIES! The US has imposed restrictions on 140 Chinese companies, targeting the semiconductor sector. Includes Naora Technology Group and other companies involved in chip equipment manufacturing. To hinder China's chip production capabilities, especially for AI and military applications.
FINANCIAL MARKETS SUMMARY: DOLLAR RISE, OIL, GOLD, AND BITCOIN FALL! Strengthened amid geopolitical and economic developments. Oil, Gold, Bitcoin: All fell due to market pressures. Trump’s threats to BRICS countries and political developments in the Middle East. Strong data impacted major markets, including currencies and stocks.
US CORE CAPITAL GOODS ORDERS UNEXPECTEDLY FALL IN OCTOBER New orders for key U.S. capital goods fell 0.2% in October, signaling slower business spending on equipment. Economists had expected a 0.1% increase, following a 0.7% gain in September. September's orders were revised down from
JP MORGAN WARNS CHINA'S ECONOMIC GROWTH COULD FALL BELOW 4% IN 2025 DUE TO TRUMP'S TARIFFS JP Morgan predicts China's economic growth could dip below 4% in 2025, a level not seen since 2001. The forecast is based on Donald Trump's proposed
BITCOIN BOUNCES BACK ABOVE $95,000 AHEAD OF THANKSGIVING HOLIDAY Bitcoin rose 5% to $95,886 on Wednesday, recovering from a recent pullback. Ether increased by more than 7%, reaching $3,555.82. The CoinDesk 20 index for the broader crypto market gained 5%. Unlike the stock market, where indices
US OIL INVENTORIES BETTER THAN EXPECTED FOR THE FIRST TIME IN 3 WEEKS US oil inventories fell by 1.8 million barrels for the week ending November 22. The decline was better than the anticipated 1.3 million barrels. In the prior week, crude oil inventories had risen by 0.