Will Bitcoin Have What it Takes to Break the $38k Mark?

[ad_1] BITCOIN, CRYPTO KEY POINTS: READ MORE: Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts Grow Bitcoin prices continue to hold the high ground but the $38k level remains a stumbling block. The rumors that an ETF approval would come by the November 17th failed to come to fruition with Bloomberg ETF analyst

Consolidates below the 1.0700 mark, eyes on Eurozone GDP data

[ad_1] Share: EUR/USD consolidates in a narrow trading range near 1.0685 on Monday. The pair holds above the 50- and 100-hour EMAs; the RSI indicator shows a non-directional movement. The immediate resistance level is seen at 1.0718; 1.0655 acts as an initial support level. The EUR/USD pair oscillates within a narrow trading range

10-year Treasury yields close in on the 5% mark again

[ad_1] Just when you thought that the backing off from 5% might trigger a bit more of a retracement, it all but lasted a day – more or less. 10-year Treasury yields hit above 5% for the first time since 2007 on Monday before falling to near 4.80% subsequently. But now, we’re talking about a

GBP/USD slides to over three-week low, further below 1.2100 mark on stronger USD

[ad_1] Share: GBP/USD drifts lower for the third successive day and drops to a multi-week low on Thursday. A combination of factors continues to push the USD higher and exert pressure on the major. The fundamental backdrop supports prospects for a further near-term depreciating move. The GBP/USD pair extends this week’s retracement slide

USD/JPY but a whisker away from retesting the 150.00 mark

[ad_1] USD/JPY daily chart The pair now trades at 149.98 and at the highs for the day, albeit in a rather constricted range. It’s been a while coming and the pair has been teasing for a push back towards 150.00 since last week already. The last attempt in early October was shot down by Japanese

Remains on the defensive below the 1.2250 mark amid the oversold condition

[ad_1] Share: GBP/USD remains under selling pressure amid the Fed’s hawkish stance. The pair holds below the 50- and 100-hour EMAs on a four-hour chart. The oversold RSI condition indicates that further consolidation cannot be ruled out. The immediate resistance level will emerge at 1.2290; 1.2200 will be the critical support level. The