Bitcoin Faces $66K Challenge: Can the Bull Run Continue?

In focus today This morning, the Danish statistics office will release the consumer confidence indicator for December. In November, consumer confidence improved, although sentiment was still overall negative at -10.3. The labour market is still going strong, and inflation was low in November. Given the high expected wage growth, consumers’ purchasing power is increasing. This […]

Focus to stay on the Fed as PCE inflation to be week’s main highlight Eurozone inflation data to be crucial for ECB rate cut hopes Australian and Tokyo CPI, plus Canadian GDP also on the agenda Will PCE inflation disappoint dovish expectations? The Fed’s long-anticipated dovish pivot is upon us and markets are bracing for […]

USDCHF reversed from key support level 0.8400 Likely to rise to resistance level 0.8600 USDCHF currency pair recently reversed up from the key support level 0.84000 (intersecting with the lower weekly Bollinger Band). The support level 0.84000 was further strengthened by the lower support trendline of the weekly down channel from the start of 2023. […]