S&P 500 IS LITTLE CHANGED TUESDAY AS IT TRIES TO SNAP 3-DAY LOSING STREAK S&P 500 remained flat on Tuesday after a three-day losing streak. Traders are concerned about global trade. Nasdaq Composite dropped 0.3%. Dow Jones Industrial Average gained 155 points, or 0.4%
EUR/USD went up: The Euro gained strength and moved above 1.0500. US Dollar weakened: Concerns about the US economy made the Dollar weaker. German economy shrank: Germany’s economy became smaller by 0.2% in the last part of 2024.
NZDUSD TECHNICAL ANALYSIS – THE RISK-OFF SENTIMENT WEIGHS ON THE KIWI NZD/USD is drifting back towards key support as the market waits for new catalysts. USD has strengthened against most currencies due to risk-off sentiment. Weak US Flash Services PMI and rising long-term inflation expectations contributed to the risk-off mood.
Gold price dropped slightly on Tuesday during Asian trading. It fell after reaching a new record high the previous day. The US dollar recovered from its lowest level since December 10. Investors took profits from gold as it was slightly overbought. Trade war concerns may prevent further big losses in
XRP EYES FURTHER DOWNSIDE AS TRUMP TO IMPLEMENT TARIFFS ON MEXICO, CANADA XRP dipped after Trump confirmed tariffs on Mexico and Canada. Negative funding rates signal rising bearish pressure. Further downside possible if XRP falls below $1.96 support.
EURUSD & GBPUSD REACH NEW HIGHS TO START US SESSION EUR/USD and GBP/USD have pushed higher as the US session begins. Both pairs are moving away from key support levels. USD/JPY shows mixed price action, with no clear trend. Key technical levels are being monitored as North
S&P 500 futures went up slightly by 0.15% after three days of losses. Nasdaq-100 futures stayed mostly unchanged. Dow Jones futures increased by 71 points (0.16%).
ETHEREUM DROPS AMID BYBIT HACK FEARS Ethereum drops 5% in 24 hours, trading around $2,650. Concerns grow over further downside following the Bybit hack. The hack resulted in the theft of 401,000 ether, valued at $1.5 billion. The incident, suspected to be linked to North Korea’s
WTI oil price rose to nearly $71.00 after the US imposed sanctions on companies dealing with Iranian oil. Oil price increase was limited because Trump announced new import tariffs on Canada and Mexico. French President Macron said there might be a truce between Ukraine and Russia in the coming
GOLD CONSOLIDATES TUESDAY'S LOSSES WITH MARKETS DIGESTING LATEST TARIFF MOVE FROM PRESIDENT TRUMP Gold experiences losses on Tuesday, trading around $2,940. Price hit a new all-time high of $2,956 on Monday. Trump administration toughens semiconductor restrictions on China. Gold remains under pressure amid a broader market
The crypto market lost $230 billion in value. Bitcoin dropped below $92,000 on Monday. The market fell 8% overall. The drop happened because Trump announced tariffs on Mexico and Canada. The tariffs are expected to start on March 4.
GOLD PRICE FORECAST: XAU/USD LOOKS TO FRESH RECORD HIGHS Gold price pauses its rally but bullish trend remains intact. Renewed trade war fears help the US Dollar rebound. US Treasury bond yields continue to decline. Gold closed above $2,950, with more upside potential. Price consolidates at $2,956