Update News Weekly
Bitcoin Price Drops Below $92,000 Amid Exchange Overheating and Macroeconomic Uncertainty
Bitcoin price today: $91,800 Bitcoin’s price dipped below the $92,000 mark on Monday, continuing its...
EUR/USD Nears 1.0400 as Markets Eye Eurozone Inflation Data and US Economic Indicators
The EUR/USD currency pair climbed close to the 1.0400 mark on Tuesday amid a weakening...
Australian Dollar Hits Five-Year Low Amid Dire Forecasts from Experts
The Australian dollar has plunged to its lowest level in nearly five years, sparking concerns...
Pound Sterling Struggles Near 1.2400 as Fed Signals Fewer Rate Cuts
The British Pound (GBP) continues to face pressure against the US Dollar (USD), trading near...
Gold Rebounds Above $2,600 After Recent Losses
Gold prices bounced back early Tuesday after finding support near the $2,600 mark, following two...
EUR/USD Stagnates Above 1.0400 as 2024 Draws to a Close Amid Low Market Liquidity
In a subdued trading session on Monday, EUR/USD remains range-bound above the 1.0400 mark, reflecting...
US Jobless Claims Decline, but Rising Insured Unemployment Signals Labor Market Challenges
Key Points: US jobless claims fall by 1,000 to 219K, signaling near-term labor market resilience....
Bitcoin Poised to Break $100,000: Analysts Predict Bullish Momentum
In the latest Bitcoin market forecast, experts anticipate the cryptocurrency to surpass the $100,000 milestone...
AUD/USD Hovers Near Multi-Year Lows Amid Dovish RBA Minutes and Broader Economic Concerns
The Australian dollar (AUD) struggled to recover early Tuesday, trading below 0.6250 against the US...
GBP/USD Stabilizes Near 1.2600 as Market Awaits BoE Rate Decision
The GBP/USD currency pair has stabilized near 1.2600, recovering some ground after a steep decline...
EUR/USD Holds Steady Near 1.0500 as Markets Await Fed Rate Decision
The EUR/USD currency pair maintained its position near the 1.0500 level during Wednesday’s European trading...
Gold Prices Edge Higher Amid Mixed Signals, Geopolitical Tensions
Gold prices (XAU/USD) showed modest gains on Monday, recovering from a one-week low to trade...
GBP/USD Falls Below 1.2650 Amid Weak UK Data; Focus Shifts to US Economic Reports
The GBP/USD pair experienced a slight decline on Wednesday, briefly falling below the 1.2650 level...
US Dollar begins the week on a weaker note as traders anticipate a significant Fed interest rate cut.
The US Dollar (USD) began the week trading significantly weaker ahead of Monday’s US market...
UK Unemployment Rate Eases to 4.1% in July, Surpassing Market Expectations
The United Kingdom’s ILO Unemployment Rate eased to 4.1% in the three months leading up...
Australian Dollar Recovers Some Losses Amid Mixed Economic Data
The Australian Dollar (AUD) trimmed its earlier losses against the US Dollar (USD) on Wednesday...
Australian CPI Surges in July, Fuelling Speculation of Further Rate Hikes
The Australian Bureau of Statistics (ABS) reported on Wednesday that Australia’s monthly Consumer Price Index...
Currency Markets Show Minimal Movement Following Fed Symposium
In the aftermath of the weekend and the Federal Reserve symposium in Jackson Hole, the...
Gold Prices Hold Steady Amid Global Market Optimism and Fed Speculation
Gold prices (XAU/USD) continued their sideways movement on Tuesday, maintaining a narrow range around the...
Bank of England’s Mann Warns of Potential Inflation Rise Amid Upcoming Economic Data Releases
Bank of England (BoE) Monetary Policy Committee member Catherine Mann, who was among the four...
U.S. Unemployment Claims Rise by 233K in First Week of August, Lower Than Expected
In the week ending August 3, the number of U.S. citizens applying for unemployment insurance...
Bitcoin Wallets Holding at Least One BTC Surpass 1 Million; Ethereum and Polygon Lead Institutional Investments
June 30 – Data from Glassnode reveals that Bitcoin (BTC) wallet addresses holding at least...
US Dollar Rises Ahead of Key Inflation Data
The US Dollar (USD) saw renewed buying interest on Friday, rebounding from the previous day’s...
Silver Price Outlook: XAG/USD Slips Towards $28.50 Amidst Bearish Sentiment
The price of silver (XAG/USD) continues its downward trajectory for the third consecutive session, trading...
Nvidia’s Decline Drags Nasdaq Down as Dow Surges Amid Sector Shifts
In a mixed start to the final week of a stellar quarter on Wall Street,...
Gold Prices Up Slightly, But Gains Limited Due to Conflicting Signals
Gold prices (XAU/USD) found some support near the $2,317 region during the Asian session on...
Swiss National Bank Reduces Benchmark Rate to 1.25%
Zurich, June 20, 2024 — The Swiss National Bank (SNB) has decided to cut the...
Crypto Markets Poised for Bullish Rally Amid Positive Momentum Indicators
The cryptocurrency market is showing signs of a forthcoming bullish trend, with Bitcoin (BTC) and...
FOMC Preview: 2024 Dot Plot Expected to Indicate Reduced Rate Cuts
FED to Stay the Course and Delay Timing of First Rate Cut The Federal Open...
Euro Zone Business Activity Hits Year-High in May, Driven by Services Sector
BENGALURU (Reuters) – Euro zone business activity surged to its highest rate in a year...