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Month: November 2024

Cryptocurrencies

Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound

Yen fell broadly during Asian session today, reversing all of this week’s earlier gains. Market sentiment has calmed somewhat despite the escalation in Russia’s war in Ukraine, as there is no clear intensification toward a Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

Bitcoin Price Holds Steady as Bulls Set Sights on $100K

Key Highlights Bitcoin price started a consolidation phase near the $90,000 zone. BTC is following a key bullish trend line with support at $90,300 on the 4-hour chart. Gold prices started a recovery wave above Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

Australia Westpac leading index hits 0.26%, decisive breakaway from year-long sluggishness

Australia’s Westpac Leading Index moved decisively into positive territory in October, rising from -0.20% in September to +0.26%. This marks a significant shift, as the index had been hovering in slight negative territory, between -0.3% Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

Japan’s exports rebound by 3.1% yoy in Oct, but trade deficit persists

Japan’s exports rose 3.1% yoy in October, reaching JPY 9,427B, a strong recovery from the -1.7% yoy decline in September, which marked a 43-month low. This rebound was primarily driven by a 1.5% yoy increase Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

Fed’s Schmid: Path and destination of rate cut yet to be determined

Kansas City Fed President Jeffrey Schmid highlighted in a speech overnight the decision to lower rates this year as a reflection of the “growing confidence” in inflation’s moderation. This optimism, he explained, stems from signs Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

S&P 500 index Wave Analysis

S&P 500 index reversed from support zone Likely to rise to resistance level 6000.00 S&P 500 index recently reversed up from the pivotal support level 5850.00 (former multi-day resistance from October). The support level 5850.00 Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

EURCAD Wave Analysis

EURCAD reversed from resistance level 1.4885 Likely to fall to support level 1.4750 EURCAD currency pair recently reversed down from the resistance level 1.4885 (which is the lower border of the wide sideways price range Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

UK Inflation Expected to Jump to 2.2%

The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day. On Monday, the pound ended a six-day slide, during Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

Lowe’s sounds alarm bells around a growing problem

Lowe’s (LOW) , along with other retailers in the home improvement sector, is continuing to suffer from an alarming trend that’s putting a dent in its profits. The company is relying on three factors to Read more…

By , 2 years ago November 20, 2024
Cryptocurrencies

Veteran advisor shares surprising ways to save for retirement

Retirement planning affects workers of all ages. It is a decades-long process that requires a significant amount of time, discipline, and money. However, current economic conditions are making it challenging for many Americans to plan Read more…

By , 2 years ago November 20, 2024

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