BTCUSD goes parabolic after claiming 50-day SMA Jumps above 50,000 to a fresh more than 2-year peak Momentum indicators look extremely overbought BTCUSD (Bitcoin) has been experiencing a steep advance following its break above the 50-day simple Read more…
The markets await the Empire State Manufacturing Index this morning; the index is based on surveying a monthly sample of the State’s manufacturing executives and is handled by the Federal Reserve Bank of New York. Read more…
Market picture The crypto market continues to rise, adding 2.3% to the level of 24 hours ago. Bitcoin’s capitalisation has surpassed 1 trillion, and its share of all coins is estimated at 52.5% by CoinMarketCap. Read more…
The last time the ETH/USD price was at this level was in May 2022, which was the start of a massive drop of more than 65% in 1.5 months. However, now the ETH/USD market is Read more…
Check back for updates throughout the trading day: U.S. equity futures moved higher again Thursday, supported by a pullback in Treasury bond yields, as investors look to build on the market’s post-inflation rebound while eyeing Read more…
The parade to bankruptcy court continues for biotech companies as Chapter 11 filings have continued rising each year since 2021. A total of nine biotech firms filed for bankruptcy in 2021, but Chapter 11 filings Read more…
According to European Commission’s Winter 2024 Economic Forecast, Eurozone’s GDP growth for 2024 was revised notably downwards to 0.8% from Autumn’s estimate of 1.2%, reflecting a more subdued outlook than previously anticipated. For 2025, GDP Read more…
Inflation in Canada has been stuck above 3.0% since the summer The Bank of Canada is keeping rate hike option on the table Yet, the loonie has been on the backfoot versus the dollar this Read more…
JP 225 index approaches its 1989 record high Bulls might be exhausted as overbought signals detected Japan’s 225 stock index (cash) marked another green day on Thursday despite GDP figures pointing to a recessionary economy, Read more…
UK GDP -0.3% in Q4 and -0.1% in December BoE not concerned about recession GBPUSD momentum fading near February lows? The UK fell into recession in the second half of last year after GDP figures Read more…