Bitcoin Rates Soar on Spot BTC ETF Hype – Analytics & Forecasts – 24 November 2023

The Bitcoin blockchain reached $11.6 million in fees paid on November 16, with the average transaction fee increasing 746% year-over-year. READ TOO The Outlook for a $36,492.20 Bitcoin Exchange-Traded Fund (ETF)   soon to be approved in the United States has increased demand for the leading cryptocurrency, leading to an increase in transaction fees. The Bitcoin

Weaker US GDP and Inflation Data in Focus as Stocks Soar

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Gold, EUR/USD, Nasdaq 100 Soar as US Yields Sink, Oil Tanks

MARKET WEEK AHEAD FORECAST: GOLD, US DOLLAR, EUR/USD, OIL U.S. Treasury yields retreated over the past few days, weighing on the broader U.S. dollar Meanwhile, gold prices, the Nasdaq 100 and EUR/USD rallied, breaching key technical levels during their move higher Few high-impact events are expected in the coming days, with a shorter trading week

Asia FX gains, dollar at 6-week low as Fed pause bets soar By Investing.com

© Reuters. Investing.com– Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates. Focus now turns to key upcoming economic readings from China, as well as a Reserve

Japanese Yen Craters after BoJ Fails to Appease Bears, USD/JPY & EUR/JPY Soar

JAPANESE YEN FORECAST The Japanese yen depreciates sharply against the U.S. dollar and the euro after the Bank of Japan maintains its policy of negative rates and only modestly tweaks its yield curve control program Japan’s Ministry of Finance says it has not intervened in the FX market recently This piece examines the crucial technical

AUD/USD, AUD/JPY Soar but is There Enough Momentum to Sustain?

Australian Dollar, AUD/USD, AUD/JPY – Near-Term Technical Update: Recommended by Daniel Dubrovsky How to Trade AUD/USD AUD/USD – Daily Chart Recent performance in the Australian Dollar against the US Dollar and Japanese Yen is setting up an interesting technical landscape. On the daily chart below, AUD/USD surged on Thursday, leaving behind a Bullish Engulfing candlestick

Crude Oil Prices Soar, Mostly Sealing the Fate of a Fourth Monthly Gain. Where to?

Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices all set for a 4th consecutive monthly gain? Still-bearish retail trader exposure offers a bullish outlook Prices just barely break above a key zone of resistance Recommended by Daniel Dubrovsky How to Trade Oil Crude oil prices rocketed higher on

AUD/USD, NZD/USD Soar on US Dollar’s Slump, Dead Cat Bounce Ahead of US CPI?

AUSTRALIAN DOLLAR OUTLOOK AUD/USD and NZD/USD rally on Monday, bolstered by broad-based U.S. dollar weakness The greenback’s pullback appears to be driven by profit-taking after a strong bullish run since mid-July Looking ahead, the U.S. inflation report for August, to be released on Wednesday, will be the main focus of the currency markets. Trade Smarter