Gold (XAUUSD) Price Outlook: A Rise Above $3,310.48 May Aim for $3,435.06 and $3,500.20
Moody downgrades sway confidence, so the dollar slides The US Dollar Index (.DXY) dropped to its lowest level in two weeks following Moody’s downgrade of the US government’s credit rating last Friday. This downgrade was attributed to concerns over proposed increases in fiscal risks and anticipated deficits stemming from tax cuts. UBS analysts noted that […]
These Six Charts Illustrate Why Bitcoin’s Recent Rise Above $100K Could Be More Stable Than January’s Surge
Bitcoin has once again crossed the $100,000 mark, leading to a shift in investor sentiment. This event feels reminiscent of the price changes observed from December to January, where the bullish momentum seemed sluggish before prices quickly slid back down to around $75,000. Nevertheless, the following six charts indicate a stronger outlook for the Bitcoin […]
Chinese investments in Europe rise for the first time since 2016
China’s Investment in Europe Sees Growth in 2024 In 2024, China’s investment in Europe increased for the first time in nine years, solidifying its role as a significant source of capital. According to a joint report from the Chinese Studies and the Rhodium Group, investment surged by 47% compared to last year, reaching around 10 […]
US Oil Stocks Continue to Rise While Prices Decline
US Crude Oil Stocks Update The American Petroleum Institute (API) has reported an increase in US crude oil stocks, estimating them at 2,499 million barrels for the week ending May 16. This rise contrasts with analysts’ expectations of a decrease of 185 million barrels. Last week, the API noted an inventory bump of 4,287 million […]
Biden’s doctor linked to former president’s questionable brother as cancer concealment speculations rise
Former President Biden’s Health and Longtime Doctor Under Scrutiny The White House physician who once declared former President Joe Biden in good health is also a close family friend. Dr. Kevin O’Connor has been the official doctor for the 82-year-old Biden during his time in office. In light of Biden’s recent prostate cancer diagnosis, the […]
Tensions rise at critical House meeting on dangers facing ICE
House Judiciary Committee Hearing on Immigration Enforcement Contentious discussions are on the horizon as the House Judiciary Committee gears up for a hearing on President Donald Trump’s firm stance against illegal immigration. This session, focused on potential threats to Immigration and Customs Enforcement (ICE) operations, is scheduled for 2 PM on Tuesday. Recent events escalated […]
Rise in Federal Law Enforcement and Border Security Applications
Surge in Applications for Border Patrol, Secret Service, and Coast Guard Recently, there’s been a notable increase in applications for various federal law enforcement agencies since the Trump administration began. The U.S. Border Patrol, for instance, has experienced a significant uptick—applications have surged by 44% in the first four months compared to the same duration […]
EUR/USD: It’s improbable that there will be a significant rise above 1.1290
A Retest of 1.1290 for the Euro Against the US Dollar? A retest of the 1.1290 level for the Euro (EUR) against the US Dollar (USD) seems plausible, though a substantial break above this mark appears unlikely. In the long term, the current momentum doesn’t indicate that there will be sustained progress. For the Euro […]
Bitcoin ETF Inflows Rise as Basis Trade Approaches 9%, Indicating Increased Demand
US Bitcoin ETF Sees Significant Inflows On May 19th, Exchange-Traded Funds (ETFs) related to Bitcoin experienced a substantial inflow, amounting to $667.4 million, marking the largest daily total since May 2nd. The notable data comes from investments into the iShares Bitcoin Trust (IBIT), which alone accounted for nearly half of these inflows, totaling $306 million, […]
UK ‘the ailing nation of the affluent world’ as deaths from drugs and violence rise
UK Faces Rising Health Crisis The UK is increasingly viewed as “the sick people of the wealthy world” due to rising rates of death from drugs, suicide, and violence. Studies indicate that the mortality rate for those under 50 has worsened in recent years compared to many other affluent nations. While deaths from cancer and […]