XAU/USD Outlook: Gold Holds in Red as Markets Await Fresh Signals from US Inflation Data

Following a week-long, 300-pip drop on AUDNZD last week, this week has opened up with some renewed bullish vigor with a 150-pip correction. While this looks incredible in favor of the Australian Dollar, there yet remains some mystery as to the exact direction the momentum will follow. Here’s my outlook as touching the price action […]

BTCUSD edged higher on Friday and hit new three week high, in attempts to extend 4.6% advance on Thursday. Bitcoin received strong boost from Fed rate cut and underpinned by dovish shift in global rate view. Technical picture is bullish on daily chart (multiple MA bull-crosses / 14-d momentum is in steep ascend), but bulls […]

Market Picture The cryptocurrency market failed to move significantly from the previous day’s levels, losing 0.5% to $2.07 trillion. Crypto followed the stock market but was noticeably weaker. Smooth growth during the day was wiped out by a late sell-off, taking capitalisation back to the local lows of recent days. Sentiment in the crypto market […]