Gold Price Forecast: Bull Flag Breakout Targets New Highs if Strength Continues – FX Empire
Today’s low of 2,659 is the main short-term support A decline below today's low of 2,659 could lead to a test of support near the top flag trend line or the 20-day moving average near 2,645. However, if the 20-day line fails to hold as support, a deeper retracement may occur and the bull flag […]
Bitcoin risks 'exit pump' on 3-month DXY highs as BTC price hits $68K – Cointelegraph
Bitcoin (BTC) orbited $68,000 on October 16, after hitting an 11-week high on Wall Street's open market. BTC/USD 1 hour chart. Source: TradingView BTC price hovers near 11-week high Cointelegraph Markets Pro and TradingView It signaled a resumption of the BTC price rally as the bulls moved above the previous day’s leverage-driven “fakeout” peak. The […]
Bitcoin Bull Run To Resume Soon? Crypto Market Liquidity At Record Highs | Bitcoinist.com – Bitcoinist
According to the latest on-chain data, cryptocurrency market liquidity has reached an all-time high. Here's how increased liquidity will affect Bitcoin's price and future trajectory. Stablecoin market capitalization hits new high — Impact on Bitcoin price In our latest report, CryptoQuant revealed Cryptocurrency market liquidity hit an all-time high in late September, sparking debate about […]
Dow, S&P 500 hit all-time highs
Financial stocks rose sharply after banks reported strong quarterly results, while the latest inflation data raised expectations that the U.S. Federal Reserve would cut interest rates in November, leading to Friday's downturn. The S&P 500 closed at an all-time high. The Dow Jones Industrial Average rose 409.74 points, or 0.8%, to $42,863.86, above Wednesday's closing […]
Dollar drifts near 7-week highs as traders consider US rates outlook By Reuters – Investing.com
Written by Uncle Banerjee SINGAPORE (Reuters) – The dollar fell 7.7 points against major currencies on Tuesday as rising tensions in the Middle East soured risk sentiment and investors pondered the outlook for U.S. interest rates after last week's strong jobs report. It hit a weekly high. Traders have drastically reversed their expectations for monetary […]
Markets News, September 24, 2024: S&P 500, Dow Hit Record Highs as Nvidia Surges, China Stimulus Plan Boosts Stocks – Investopedia
Top S&P 500 moves on Tuesday 2 hours 25 minutes ago The Advancer Mining giant shares Freeport McMoRan The FCX surged 7.9% as copper prices surged following Beijing's monetary policy announcement. The property market is a key focus of China's stimulus program, and a potential recovery in the sector could further boost the price of […]
Stock market today: Wall Street drifts around its all-time highs after Chinese stocks soar – Yahoo Finance
NEW YORK (AP) — U.S. stocks shook off a shaky start to the day to hit yet another record high on Wall Street. The S&P 500 rose 0.3% on Tuesday. The Dow Jones Industrial Average rose 0.2%, hitting a new record of its own. The Nasdaq Composite Index rose 0.6%. In the Treasury market, Treasury […]
Gold climbs to record highs as geopolitical risks boost safe-haven flows – FXStreet
Gold prices traded in positive territory in the early morning European session on Monday. Federal Reserve interest rate cuts and geopolitical risks in the Middle East continue to support precious metals. Renewed demand for the US Dollar may limit the upside of XAU/USD. Gold prices (XAU/USD) hit a record high on Monday, supported by a […]
Gold News: Could Upcoming PCE Inflation Data Push Gold to New Highs? – FX Empire
Fed rate cuts fuel gold price gains The Fed's aggressive 50 basis point interest rate cut has reignited bullish sentiment towards gold. Traders had largely expected a 25 basis point cut, but a larger cut has changed expectations and reignited demand for safe haven assets. Moreover, the market is now expecting a further rate cut […]
Gold Price Forecast: XAU/USD consolidates near record highs as Fed looms – FXStreet
XAU/USD Current Price: $2,572.12 The Federal Reserve is about to announce its decision on monetary policy. A 25 basis point cut is already priced in, but officials could still surprise the market. XAU/USD will likely turn lower in the short term and the Fed will determine the direction. Gold traded around $2,570 per troy ounce […]