Weekly Forex Outlook – July 13th – July 19th (Charts)
I wrote this on the 6th. Here’s a rundown of the best deals from the week: Long on the EUR/USD currency pair, which dipped by 0.70%. Long on the Nasdaq 100 index, which increased by 0.12% over the week. Long on the S&P 500 index, showing a 0.11% rise for the week. Silver in USD […]
USD/CHF gains a few pips from its weekly low but stays under the mid-0.7900s.
USD/CHF garners some dip interest on Thursday, aided by a mix of favorable conditions. Positive market sentiment weakens the CHF, supporting the pairing alongside a slight uptick in the USD. Trade uncertainties and potential Fed rate cuts might inhibit bullish sentiment. The USD/CHF currency pair saw a modest recovery from a recent weekly low during […]
Jobs Data Fuels Weekly Surge to New Highs for Nasdaq Composite and S&P 500
This week, the government’s non-farm payroll report was released on Thursday, with economists estimating a solid increase of 110,000 jobs for June, based on forecasts from Dow Jones. In contrast, the ADP report indicated 33,000 unemployment claims in the private sector, which created some negative sentiment before the official employment data was announced. Monday, July […]
Gold Price Outlook: XAU/USD remains steady close to weekly peak around $3,360 as US NFP draws attention
Gold Market Update Gold prices hover around $3,365 ahead of US NFP data for June. In June, the US private sector saw job cuts as businesses reduced their workforce. Gold prices are attempting to maintain the upward triangle formations on daily charts. During Thursday’s European trading session, gold (XAU/USD) is maintaining a profit near $3,365, […]
Bitcoin Price Faces Market Crash Threat After Falling Below Key Weekly Resistance
Potential Bitcoin Price Crash Warning Crypto analyst Rekt Capital has issued a warning about a possible decline in Bitcoin prices after the cryptocurrency dipped below crucial resistance levels. Analysts are also pointing out the specific price point Bitcoin needs to reach to mitigate this bearish trend. Bitcoin Prices in a Risky Position In a recent […]
Oil Prices on Track for Weekly Decline as War Premium Fades
Crude Oil Prices Decline Amid Middle East Stability Crude oil prices are set to end the week lower as tensions between Israel and Iran have eased, alleviating fears about supply disruptions in the Middle East. Currently, Brent crude oil is trading around $68 per barrel, while West Texas Intermediate stands at approximately $65.55 per barrel. […]
Japanese Yen stays strong and approaches weekly high against a weaker USD.
Japanese Yen Gains Fresh Interest Following Slight Dip After a minor decline yesterday, the yen sees renewed buying interest. The US dollar has fallen below its three-year low, increasing pressure on the USD/JPY exchange rate. Market participants are eagerly anticipating key inflation data from Japan and the US this Friday. Early Thursday brought continued purchasing […]
Weekly Currency Outlook – June 22nd – June 28th (Charts)
I wrote on the 15th about some interesting deals for the week: Long on the EUR/USD currency pair, which dropped by 0.26% this week. The USD is positioned long, seeing a decline of 1.87%. There’s a long position on USD silver, decreasing by 0.96%. If every day in New York surpasses $80.43, the outlook for […]
Weekly Currency Outlook – June 8 to June 14 (Graphs)
Weekly Financial Update This week’s top market highlights include: Bitcoin is trending upwards, with daily values surpassing $111,743 in New York. This wasn’t anticipated. The GBP/USD currency pair is at $1.3513, a bit below expectations; it was set for Monday, but by Friday, there was a decline of 0.13%. The EUR/USD pair also shows strength, […]
Bitcoin ETFs see $2.75B in weekly investments while the price remains over $108K
This week, US Spot Bitcoin Exchange-Traded Funds (ETFs) saw inflows totaling $2.75 billion, coinciding with Bitcoin surpassing its previous high from January, which was $109,000. To put that in perspective, the inflow figure was nearly 4.5 times the $688 million from the previous week for Spot Bitcoin ETFs. BlackRock Bitcoin ETF Sees Continued Inflows On […]