Bitcoin's price dropped below $90,000. It fell 6%, reaching $88,519 and went as low as $87,736. The decline is due to selling pressure in the stock market. Bitcoin is now about 20% lower than its all-time high, which occurred on Donald Trump's inauguration
AUSTRALIA'S INFLATION DATA IS NEGATIVE AND BELOW EXPECTATIONS Australia's annual inflation rate for January rose by 2.5%, matching December's pace. The 2.5% growth was below market expectations of a 2.6% increase. The data comes from the Bureau of National Statistics and
US DOLLAR RECOVERS MODESTLY AS MARKETS ASSESS LATEST HEADLINES ON TRUMP TARIFF POLICY The US Dollar holds steady against rivals as markets remain cautious. The US economic calendar includes New Home Sales data for January. Atlanta Fed President Raphael Bostic and Richmond Fed President Thomas Barkin will deliver speeches later
USD/JPY is trying to stay above 149.00 but is not gaining strength. The market is nervous because of Trump's tariff threats. The Japanese Yen is getting support because people expect the Bank of Japan to raise interest rates.
USDJPY FACES RESISTANCE, NEEDS TO BREAK 149.60 TO BULLISH USDJPY must break above 149.60 (100-hour MA) to turn bullish. The pair fell below key support levels, including 149.22 and 149.07-149.39. It broke December's low at 148.64 but bounced back after reaching 148.
EUR/USD ROTATES BACK DOWN AS UPS-AND-DOWNS CONTINUE EURUSD showed choppy price action, initially rising to test 1.0527 and the January high. Sellers pushed the pair lower after the peak at 1.05242. As the U.S. session begins, the pair is below the 100-hour MA at 1.04839
MUSK LOSES $22 BILLION IN ONE DAY... WITH TOTAL LOSSES REACHING $100 BILLION! Tesla's stock dropped 8.4% on Tuesday, reaching its lowest level since November. Declining sales in Europe contributed to the stock's drop. Tesla's market value fell below $1 trillion for the
OIL EDGES UP AFTER U.S. STOCKPILES REPORT HELPS OFFSET WORRIES ON RISING SUPPLY Oil prices rose in early Asian trading on Wednesday, recovering from two-month lows. The bounce followed a report showing U.S. crude stockpiles fell last week. The report helped ease concerns about rising supply.
EUROSTOXX FUTURES +0.2% IN EARLY EUROPEAN TRADING Eurostoxx futures up 0.2%, showing a slightly better mood after yesterday's mixed performance. German DAX futures +0.2%, UK FTSE futures +0.3%. US futures also seeing a minor bounce with S&P 500 futures up 0.4%
TRUMP FLOATS $5 MILLION ‘GOLD CARD’ AS A ROUTE TO U.S. CITIZENSHIP Trump proposes a $5 million “gold card” to replace the EB-5 visa program. The gold card offers green card privileges and a route to U.S. citizenship. The EB-5 program currently grants green cards for foreign investors
TOP 3 PRICE PREDICTION BITCOIN, ETHEREUM, RIPPLE: BTC, ETH, AND XRP CRASH AFTER MAJOR CONSOLIDATION Bitcoin (BTC) hovers around $88,500 after a low of $86,050 earlier this week. Ethereum (ETH) retests support at $2,359; a close below would signal further decline. Ripple (XRP) trades at $2.28,
UBS predicts the S&P 500 could reach 6,600 points by the end of 2025. Tariff policies may cause some ups and downs, but the US economy remains strong. Company profits in the S&P 500 are growing. Artificial intelligence (AI) progress is also boosting confidence. Despite