Gold Price Outlook: XAU/USD resistance at $3,345 is keeping buyers at bay for now
Gold is seeing moderate gains as the US dollar declines. Investors are preparing for a significant long position in the US dollar ahead of the upcoming US Consumer Price Index (CPI) release. XAU/USD has undergone a bearish correction from last week’s high of $3,400. On Wednesday, gold (XAU/USD) is trading higher, reflecting some hesitation in […]
Bitcoin Price Update: Reaching for the $110K Mark Again
Bitcoin Surpasses $110,000 for Two Days Straight For the second consecutive day, Bitcoin has managed to hold above the $110,000 mark. Just after the stock market closed on Tuesday, it was slightly over this threshold, recording a 0.9% increase. In the past 24 hours, the Coindesk 20 index, which tracks the top 20 cryptocurrencies by […]
ETH price exceeds $2.8K as options traders take on bearish positions: Are the bears mistaken?
Key Insights on Ether’s Market Dynamics Ether (ETH) saw a remarkable surge of 10% from Monday to Tuesday, hitting its highest point in over 15 weeks. However, despite this increase, ETH has had a tough time breaching the $2,800 threshold over the past month. This resistance is indicative of a growing trend where traders are […]
USD/JPY Price Prediction: Surpasses 145.00 as trade optimism boosts USD
USD/JPY is expected to surpass Monday’s peak and settle around 145.20, driven by positive market sentiment. RSI momentum is favorable for buyers, with key resistance at 145.38 and 146.00. The downside is likely limited around 144.26, supported by the 144.00 area and the 200-day SMA. The USD/JPY pair began the week by reaching a high […]
Trump should not bring in socialist price controls
Do you recall the time when Donald Trump, the Republican presidential candidate, questioned Kamala Harris’ ability to manage prices? It was just last August, a bit back in the past. During a campaign rally in Pennsylvania, Trump told the crowd, “In her speech yesterday, Kamala has become a total communist… She wants to destroy our […]
Gold Price Outlook: XAU/USD nearing resistance at $3,340
Gold has gained momentum, marking its second consecutive day of rising prices. There’s a growing unease among investors regarding the outcomes of US-China discussions. XAU/USD might encounter resistance at $3,340 and $3,370. I guess it’s interesting to note that gold (XAU/USD) saw some moderate gains on Tuesday during the European trading session, inching toward resistance […]
Survey indicates companies are transferring tariff expenses to consumers through price increases.
Tariffs and Their Impact on Businesses The Federal Reserve Bank of New York recently published a survey indicating that companies are passing on increased tariff costs to consumers through higher prices. This survey, conducted from May 2 to 9 among businesses in New York and parts of New Jersey, revealed that a significant majority of […]
GBP/USD Price Prediction: Stays near 1.3550, with support seen around the nine-day EMA
Market Update on GBP/USD GBP/USD might hit a significant resistance at 1.3616, the highest level since February 2022. The bullish outlook is expanding as the 14-day RSI stays above 50. Initial support is identified at the 9-day EMA of 1.3526. The GBP/USD pair has retraced some of its recent gains, currently hovering around 1.3540 during […]
Bitcoin’s price is strong, but can bulls drive it above $110K?
Key Takeaways: Bitcoin (BTC) saw a 3.5% increase from June 7th to June 9th, nearing the $108,500 level. However, professional traders are exhibiting notable caution, as shown by BTC derivative metrics. Ongoing macroeconomic issues continue to affect the market, with Bitcoin still closely tied to stock market fluctuations, which may be limiting its short-term growth […]
Bitcoin Preparing for New Price Surge Following Successful Test of Key Support Level, According to Crypto Analyst
Bitcoin Shows Potential for Price Rise, Says Analyst Crypto analyst Rekt Capital has stated that Bitcoin (BTC) is looking bullish after it successfully retested a strong support level. In a message to 548,000 followers on social media platform X, Rekt Capital indicated that Bitcoin is on the verge of entering an “upward trend in price […]