As reported by CNBC, Jeff Kendrick from Standard Chartered Bank forecasts that, against the backdrop of the Federal Reserve lowering interest rates, the BTC/USD exchange rate will reach an all-time high by the end of 2024: → up to $125,000 if Trump wins, who publicly expressed support for the cryptocurrency sector this summer. → up […]
The post Analysts Predict Bitcoin’s Price Will Rise to an All-Time High This Year appeared first on Action Forex.
In a speech today, Atlanta Fed President Raphael Bostic shed light on his support for last week’s 50bps rate cut, citing faster-than-expected improvements in inflation and labor market cooling. “Progress on inflation and the cooling Read more…
In an essay, Minneapolis Fed President Neel Kashkari provided insight into his support for last week’s 50bps rate cut, despite not having a vote on the decision. “We have made substantial progress bringing inflation back Read more…
USD/JPY failure to have a clear break below 140.25 coupled with BoJ Governor Ueda’s cautious rhetoric has increased the odds of a mean reversion rebound. A swift increase in large speculators’ net bullish open positioning Read more…