Bitcoin’s Bullish Breakout

Canada’s merchandise trade balance tallied a $942 million deficit in October, registering in the red ink for the eighth consecutive month. The deficit narrowed from September’s $1.3 billion deficit. Merchandise exports rose by 1.1% month-on-month (m/m) in October, partially reversing the past three months of declines. The highly volatile metallic and non-metallic minerals product group […]

UK GDP likely expanded in November, potentially dashing hopes for early rate cut But any disappointment would increase the odds of a technical recession Data due at 07:00 GMT, Friday, will be key to sustaining pound’s uptrend Confounding expectations The British pound was the second best performing major currency of 2023, ending the year with […]

Market picture The release of US inflation data sparked a surge in risk asset purchases, with cryptocurrencies leading the charge. This follows a period of prolonged consolidation, which provided enough pent-up energy to fuel increased volatility. Over the past 24 hours, the crypto market has added 5.3% to $2.39 trillion – its highest in ten […]