Weekly Market Outlook (03-07 March) Monday: China Caixin Manufacturing PMI to be released. Canada Manufacturing PMI to be announced. US ISM Manufacturing PMI to be released. Tuesday: Eurozone Unemployment Rate to be reported. Canada-Mexico-China Tariffs Deadline. Wednesday: Australia Q4 GDP data to be released. China Caixin Services PMI scheduled for
Bitcoin Price Surge: Bitcoin increased by 10.55%, reaching $95,920. Ether Price Increase: Ether rose by 13.7%, reaching $2,515. Reason for the Rise: U.S. President Donald Trump announced a new Crypto Strategic Reserve including XRP, SOL, and ADA in a recent executive order.
GBP/USD Weekly Outlook: Pound Sterling Poised for a Fresh Downtrend? GBP/USD tested 1.2700 but failed to sustain the move. Traders focus on US labor data and Trump’s tariff discussions. GBP/USD corrected after hitting a ten-week high of 1.2716. The Pound gave way to USD
BITCOIN SEES BIGGEST SELLOFF SINCE AUGUST, DROPS BELOW $80,000 Bitcoin drops below $80,000 for the first time since November 10, 2024. The cryptocurrency fell 5.35% during Friday’s trading, hitting $78,197 before partially recovering. Bitcoin is currently trading around $80,000, with a decrease of 3.
EUROSTOXX FUTURES DROP AS EUROPEAN MARKETS FACE A DOUR MOOD Eurostoxx futures fall by 0.6% in early European trading. German DAX and UK FTSE futures also drop by 0.6%. Despite recent negative sentiment, the DAX is still holding onto gains for the week. French stocks are set for
BITCOIN, ETHEREUM, AND RIPPLE CONTINUE SELL-OFF: PRICE PREDICTIONS Bitcoin (BTC) price drops over 15% this week, continuing its decline on Friday. Ethereum (ETH) closed below its support level of $2,359, continuing its downward trend. Ripple (XRP) approaches its daily support at $1.96; further declines expected if it closes
China is unhappy with U.S. President Donald Trump's new tariff threat. Trump plans to add a 10% tax on Chinese goods starting March 4. China warns it will fight back if necessary. China urges the U.S. to stop making mistakes and solve issues through fair talks.
FRANCE FEBRUARY CPI SHOWS SLOWDOWN IN PRICE INFLATION France's February preliminary CPI rises by 0.8% YoY, below the expected 1.0%. HICP for February is up 0.9%, missing the expected 1.2%. The slowdown is mainly due to readjusting energy prices and base effects from last
Tariffs on Canada & Mexico: Trump confirmed a 25% tax on goods from Canada and Mexico starting March 4. New Tariff on China: He announced an extra 10% tax on Chinese goods. Stacking Effect: This new 10% tax might be added on top of the 10% tariff already in place
Crypto AI tokens are rising – Their total value increased by $660 million on Thursday. NVIDIA’s Q4 earnings report played a key role – Investors reacted positively to it. Altcoins like KAITO, GRASS, and Berachain are among those affected by the rally. Market excitement is growing as AI and crypto continue
USD/JPY RISES ABOVE 150.00 AS BUYERS GAIN MOMENTUM USD/JPY moves above 150.00, reaching its highest level since last Friday. The pair had been consolidating between 149.00 and 150.00, supported by the January low of 148.63. The jump to 150.40-50 coincides with a
XRP price dropped by 4% on Thursday. It is struggling near the $2.12 support level. Large investors (whales) are buying XRP. Short-term holders are selling after the recent crypto market crash.