Why Democrats Are Panicking Over Economic Sentiment
Democrats were hoping it was 2012 all over again. As the year began, Democrats realized that the economic situation posed a major challenge to President Joe Biden's hopes of winning a second term. American confidence in the economy is at a level associated with incumbent defeat, and the survey shows that the economy is a […]
$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment – Cointelegraph
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their largest single-day inflows in more than 120 days on October 14th. More than $500 million was poured into the fund, sending Bitcoin (BTC) price above $67,800, its highest level in more than three months. ETF Store President Nate Geraci explained The event was a landmark day for […]
Australian Dollar defends position due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar has strengthened as strong employment data makes it less likely that the Reserve Bank of Australia will cut interest rates in 2024. In the third quarter, China's gross domestic product reported growth of 4.6% year-on-year (previously measured at 4.7%). Strong US retail sales data supported the US dollar and raised the possibility […]
Iran Sends Top Diplomat on Mideast Tour to Foster Anti-Israel Sentiment
Iranian Foreign Minister Abbas Araghchi held talks in Egypt on Thursday as part of a broader Middle East tour aimed at solidifying opposition to Israel's self-defense operations against Iranian-backed terrorist organizations. The foreign minister will stop in Jordan on Wednesday and is also scheduled to visit Türkiye by the weekend. Since last week, Araguchi held […]
Solana’s 20% bullish sentiment: What it tells you about SOL’s next move – AMBCrypto News
Solana's bullish sentiment has reached a nine-month high, with 20% positive and 9% bearish. Solana’s price has approached the key resistance level at $151, and trading volume has surged to $1.7 billion in the past 24 hours. In the past few days, Solana [SOL] Social volume and sentiment charts are showing significant movement, reflecting growing […]
Aussie bounces back today on upbeat China sentiment – ForexLive
AUD/USD daily chart Yesterday, the pair was technically rejected from its June/July 2023 highs near 0.6900, but is expected to bounce back and move higher today following a strong message from the Chinese Communist Party Politburo in support of measures implemented this week to strengthen the Chinese economy. As a result, Chinese stocks have risen […]
Gold News: Bullish Sentiment as Fed Cuts and Middle East Tensions Lift Prices – FX Empire
Technically speaking, traders should not complicate this trade. Simply put, “the trend is on your side.” If traders are buying at the lows, keep an eye on support. The first minor support level is at $2593.52, followed by the swing bottom at $2546.86 and the previous top at $2531.77. Major support is at the 50-day […]
Democrat ‘Joy’ Boosts Consumer Sentiment Despite Everyone Else Feeling Worse
Most Americans had a somewhat bleak view of the U.S. economy in September, but consumer sentiment was lifted slightly by strong Democratic support. The University of Michigan's preliminary consumer confidence index for September rose to 69, the highest reading since May and up 1.6 percent from the previous month. However, the increase in consumer sentiment […]
Australian Dollar maintains position ahead of Michigan Consumer Sentiment Index – FXStreet
The AUD/USD pair is rising as US data strengthens the likelihood of an aggressive Fed rate cut next week. The U.S. producer price index rose more than expected due to rising services costs. The Fed is expected to cut interest rates by 25 basis points at its September meeting. AUD/USD rose for a third consecutive […]
Australian Dollar appreciates as US Dollar pares gains due to improved risk sentiment – FXStreet
AUD/USD recovers intraday losses following the release of China trade balance data. China's trade balance rose to RMB649.34 billion in August from RMB601.9 billion the previous month. The US dollar received support after recent employment data reduced the likelihood of an aggressive Fed rate cut in September. The AUD/USD pair rose after China’s trade balance […]