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Gold is trading sideways, well below its recent high Volatility remains elevated ahead of the US election Momentum indicators remain mostly bullish Gold is trading sideways today and thus failing to forcefully react to the two negative sessions that pushed it well below its all-time high of 2,790. Month-end portfolio reallocations and profit taking could […]

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As Bitcoin Retreats from the Top, Ethereum Moves to the Bottom

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16/05/2024

Bitcoin Price Hits a Month’s High, Breaking Key Resistance

Yesterday’s release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price of Bitcoin hit a May high. Meanwhile, there is sustained demand in the market driven […]
19/01/2024

A Decent Rebound But More Data Needed to Justify Market Optimism

Stock markets are modestly higher on Thursday, recovering some of Wednesday’s losses as investors seemingly struggle to determine where things stand. There’s clearly a desperate desire to cling on to the optimism that enabled such a strong end to the year but unlike in that period, the data isn’t really playing ball. The releases we’ve […]
04/03/2024

EUR/USD Aims Higher, Bitcoin Could Extend Gains

Key Highlights EUR/USD is aiming for a move toward the 1.0920 resistance. A bullish flag seems to be forming with resistance at 1.0845 on the 4-hour chart. Bitcoin is showing positive signs and might extend gains above $63,000. Gold prices surged above the $2,050 resistance zone. EUR/USD Technical Analysis The Euro started a recovery wave […]