Australian Dollar stabilizes as traders proceed carefully amid the continuing US-China conflict
The Australian dollar (AUD) declined against the US dollar (USD) on Friday, marking its second consecutive day of losses. The AUD/USD pair is likely to continue this downward trend amidst rising trade tensions between the US and China. Given Australia’s strong trade ties with China, any shifts in the Chinese economy can significantly influence the […]
Traders Concerned by Large Increase in Crude Inventory – Current Crude Oil Prices
U.S. Crude Oil Inventories Surge The American Petroleum Institute (API) estimates that U.S. crude oil inventories saw a substantial increase of 7.36 million barrels for the week ending October 10. This figure significantly exceeded analysts’ expectations, who had predicted a much smaller rise of around 120,000 barrels. Interestingly, the International Energy Agency (IEA) has also […]
US Dollar Index rises above 98.50 as Trump calms traders
US Dollar Index Fluctuates Amid Trade Tensions and Economic Indicators The US Dollar Index (DXY), which tracks the value of the US dollar against a selection of six major global currencies, saw an increase to approximately 98.85 during the Asian trading session on Monday. There’s a sense of anticipation in the markets for a possible […]
Silver traders hurry to send bars to London as market faces a historic squeeze.
London’s silver market is experiencing significant upheaval due to a massive short squeeze, pushing prices above $50 per ounce for only the second time ever. This situation has drawn parallels to the Hunt brothers’ infamous attempts to dominate the market back in 1980. Prices in London have soared to levels rarely seen before, even surpassing […]
A highly solitary activity: Day traders on the isolating challenge of earning a living in the stock market
The Isolation of Day Trading Feeling lonely is an unfortunate aspect of making money in the stock market, especially for day traders. Although it might seem that day trading is an exhilarating, team-oriented venture, many traders find it quite isolating, as noted by some who spoke to various outlets. Surprisingly, loneliness is a common issue […]
Silver traders hurry to send bars to London as unprecedented squeeze impacts market.
London’s Silver Market in Disarray Amid Short Squeeze (Bloomberg) — The silver market in London has been drastically affected by a significant short squeeze, pushing prices past $50 an ounce for only the second time ever. This situation has drawn parallels to the Hunt brothers’ infamous attempt to control the market back in 1980. Base […]
Rising dollar threatens all-time low; traders watch RBI response
Indian Rupee Faces Pressure Amid Dollar Surge MUMBAI, Oct 8 – The Indian rupee may approach a record low as it opens on Wednesday, influenced by the dollar index reaching a six-week high and the overall weakness in Asian markets, potentially leading to more central bank interventions. One-month non-deliverable forwards suggest the rupee will start […]
Crypto Markets Today: Bitcoin Surpasses $119K as Altcoins Rally, Traders Anticipate New Highs
Crypto traders were in high spirits on Thursday morning as Bitcoin soared past $119,000, aiming for a new all-time high. Meanwhile, the Altcoin market also experienced a surge. Tokens like XMR and APT showed significant gains, with prices reaching about $332.94 and $4.97, respectively. The movement fueled by a 58% increase brought ZEC to $129.20, […]
Solana Traders Are Growing Doubtful As Price Threatens to Drop Below $200
Solana Struggles Amid Market Downturn Solana is facing significant challenges, continuing its descent with a 15% drop over the past week. This weekend shows no signs of relief, which is concerning. On-chain metrics indicate a reduction in activity among futures market participants, coupled with an increasing positioning of short-term holders. This combination suggests that further […]
Retail investors and quantitative traders boost DEX usage while institutions remain with CEXs.
Bitget Wallet’s View on DEX and CEX Dynamics Jamie Elkaleh, the Chief Marketing Officer of Bitget Wallet, noted that while decentralized exchanges (DEXs) are drawing significant interest from retail traders and Quant, institutions continue leaning toward centralized platforms. Elkaleh shared with Cointelegraph that the primary users driving the adoption of platforms like Hyperliquid are retail […]