Bitcoin at $58K: A price surge or drop, what’s next for BTC? – AMBCrypto News
Bitcoin is facing resistance near the $58,000 mark, with analysts suggesting a big price move could be imminent. The increase in whale trading and the convergence of Coinbase Premium indicate market tensions and hint at possible future volatility. Bitcoin [BTC] The recent few days have seen fluctuating momentum with a mix of bullish and bearish […]
Gold price in India: Rates on September 13 – FXStreet
Gold prices rose in India on Friday, according to data compiled by FXStreet. Gold price was at INR 6,933.35 per gram, up from INR 6,905.34 on Thursday. Gold prices rose to INR 80,880.93 per tola from INR 80,545.38 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,933.35 10 grams […]
Inflation Picked Up Again in August, Producer Price Index Shows
A key measure of U.S. inflation showed prices rising faster in August than the previous month, with prices of services rising sharply while prices of goods remained steady. The Producer Price Index (PPI), a measure of final demand, rose 0.2% from the previous month, beating the expected 0.1% increase, although the previous month's figure was […]
Gold price surges to record highs above $2,550 as Fed rate cut expectations mount – FXStreet
Gold hit a new record high after U.S. jobless claims and producer inflation data backed up a possible Fed interest rate cut. The US Dollar Index (DXY) fell 0.29% and Treasury yields rose, with the 10-year Treasury note at 3.689%. The CME FedWatch tool indicates there is an 85% chance that the Fed will cut […]
Wholesale price figure rises unexpectedly in August
Core wholesale prices, which exclude volatile food and energy prices, rose more than expected, further dampening hopes for a 50 basis point rate cut next week. The U.S. government's producer price index, which tracks the costs of goods and services from domestic producers, rose 0.2% last month, in line with economists' expectations, according to a […]
Gold Price Forecast: Faces Key Resistance at 2,529 Amid Consolidation Battle – FX Empire
An ascending triangle is forming There appear to be two ways to look at the recent tight consolidation pattern: as a rectangle, or as an ascending triangle pattern developing within the rectangle. If the triangle comes into play, a sharp upward breakout above 2,532 could occur. If the integrity of the triangle holds, a breakout […]
Consumer Price Index eases, but core inflation rises unexpectedly
A surprise rise in a measure of underlying inflation last month dampened hopes of a big interest rate cut at the Federal Reserve's meeting next week. According to the U.S. Bureau of Labor Statistics, the consumer price index rose 2.5% in August from a year earlier and 0.2% from the previous month, in line with […]
Gold price rises ahead of US CPI data and first Harris/Trump presidential debate – FXStreet
As Treasury yields fall and the US dollar weakens, gold prices rise. Traders are awaiting US CPI data. The probability of a Fed rate cut is 67% for a 25bps cut and 33% for a 50bps cut. The focus now shifts to the first US presidential debate, which could influence pre-election market sentiment. Gold prices […]
Bitcoin price eyes’ last dip’ before October breakout: Analysts – Cointelegraph
Bitcoin is set to surge in October, according to analysts who foresee one last major correction before the parabolic phase of the bull market. Final BTC Price Drop Before Breakout? According to popular crypto analyst Mags, the Bitcoin (BTC) bull market could experience another big pullback before the next uptrend, based on technical chart formations. […]
EUR/GBP Price Analysis: Bearish outlook persists, pair continues sideways trading – FXStreet
With the RSI below 50 and the MACD also below, the bearish outlook remains. The selling pressure is decreasing, which is indicated by the decrease in the red MACD bars. On Tuesday’s session, the EUR/GBP pair saw a moderate rise to 0.8440, indicating that the technical outlook remains mixed. Although bears seem to be taking […]