Bitcoin price is going up, now above $98,000. It increased 1% on Monday. A Bitfinex report says Bitcoin is being treated more like a risky investment than just a store of value. Traders should be careful because Bitcoin might be volatile when the US CPI (inflation) data is released.
SAUDI CRUDE SUPPLIES TO CHINA DROP FOR SECOND MONTH Saudi crude oil supplies to China will fall in March, following a price increase. Saudi Aramco to ship about 41 million barrels to China, down from 43.5 million barrels in February. This marks the second consecutive month of declining supplies
China now allows insurance companies to invest in gold. This is the first time they are allowed to do this. It could bring billions of dollars into the gold market. This may push gold prices even higher.
Bitcoin and other major cryptocurrencies had small gains on Monday. President Donald Trump introduced new tariff laws. These tariffs increased worries about a global trade war. Despite this, Bitcoin buying activity might help keep the market stable.
Gold price went above $2,900, reaching a new highest level on Tuesday. Concerns about Trump’s new tariffs and global tensions made gold more attractive. The US dollar got a bit stronger, causing some investors to sell gold and take profits. Despite this, worries related to Trump are keeping
GOLD PRICES SURGE AS SAFE-HAVEN DEMAND RISES AMID TRADE TENSIONS Gold prices surged, crossing $2,900, driven by safe-haven demand. U.S. tariffs on steel and aluminum imports prompted the rally. Trump announced a 25% tariff and hinted at reciprocal tariffs. Despite positive equity sentiment, investors flock to gold amid
The Japanese Yen is slightly stronger against the US Dollar but not moving much. The exchange rate is around 152.00 in the Asian market on Tuesday. The US Dollar remains strong overall. Concerns exist over US President Donald Trump's decision to apply tariffs on commodity imports. These
UK RETAIL SALES IMPROVE BUT COST PRESSURES RISE UK BRC January retail sales: +2.5% YoY (prior +3.1%). Total sales up +2.6% YoY, partly due to weak year-ago data and Black Friday timing. 12-month average sales growth at 0.8%. BRC chief says January was a solid month
DOLLAR FIRMS AFTER TARIFF THREAT, EYES ON POWELL AND U.S. INFLATION The dollar strengthened on Tuesday following Trump’s tariff increase on steel and aluminum imports. Trump also plans to impose reciprocal tariffs on other countries. Market focus shifts to Fed Chair Powell’s comments and U.S. inflation
The Australian Dollar (AUD) fell against the US Dollar (USD) on Tuesday. This happened because US President Donald Trump increased tariffs (extra taxes) on steel and aluminum by 25%. The new tariffs apply to all imports, including those from US allies like Australia. This decision removed previous trade agreements that
EUR/USD BEARISH OUTLOOK REMAINS NEAR 1.0300 EUR/USD weak near 1.0305 in early European session on Tuesday. Negative outlook persists below the 100-day EMA with bearish RSI. Initial support at 1.0250; first resistance at 1.0406. Greenback strengthens after Trump’s tariff threat on steel and
Gold Price Going Up: Gold is gaining value while staying above $2,864. China’s Impact: Hopes for China's economic support are helping Gold prices rise. Trade War Effect: Fears of a trade war are making the US Dollar stronger, limiting Gold's growth. Technical Signal: A