Update: Gold price is extending weakness into the third straight day on Thursday, testing the critical 21-DMA at 1883 support ahead of the all-important US inflation and ECB policy decision. The central bank reiterated its guidance that rates would remain unchanged until at least the second half of 2022. ”Reports suggest that the two sides […]
Inflation fears are rising – as seen in both the Consumer Price Index figures and the University of Michigan’s Consumer Sentiment data. The TC is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. Markets and instruments profiled on this page are […]
Update: Gold continued scaling higher through the early European session and jumped to the $1,840 level in the last hour, back closer to near three-month tops touched earlier this week. The ongoing downfall in the US Treasury bond yields failed to assist the US dollar to capitalize on this week’s positive move inspired by a red-hot […]
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that […]
Update: Gold reversed an intraday dip to sub-$1,810 levels, or one-week lows and climbed to the top end of its daily trading range during the early North American session. The US dollar struggled to preserve its intraday gains to weekly tops, instead witnessed some selling at higher levels amid a softer tone surrounding the US Treasury […]
Bitcoin price has been surging so quickly in the past few years, reaching a high above $64,800. All of the following digital currencies to be discussed have already outperformed the pioneer cryptocurrency in the past year and are currently trading below $2. The lower price enables investors to have a higher purchasing power of units of […]
Update May 11: Following the previous week’s impressive rally, the XAU/USD pair closed virtually unchanged on Monday and stayed in a consolidation phase around $1,830 during the European trading hours on Tuesday. Update: Gold finally broke down of its consolidative trading range and refreshed daily lows, around the $1,825 region heading into the North American […]
US inflation expectations rose to 3.4% in April, the highest in a decade amid economic reopening from covid related lockdowns. At the time of writing, XAU/USD is flat in Asia following a mixed day overnight. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across […]
On a weekly basis, XAU/USD rose more than 3% and registered its largest percentage gain of 2021. “On Wednesday, the Consumer Price Index data will be watched closely by market participants. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to […]
In doing so, gold prices react to the US dollar’s failures to keep early Asia’s corrective pullback from the lowest since late February. Gold cheers the risk-on mood that initially took clues from Friday’s US Nonfarm Payrolls debacle. Gold stays on the consolidation mode around $1,835 during the initial Asian session on Monday. A disappointing […]
Following the block size increase in 2017, Taproot is the most significant upgrade to the leading cryptocurrency network so far. In March, an agreement was set in place in favor of Taproot, in the form of a “Speedy Trial,” giving miners a series of two-week blocks to signal support for the upgrade. At the time, […]
Relative to traditional cap, however, Rcap can still increase significantly before signalling the top of the bull market. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. FXStreet has not verified the accuracy or […]
There are stories of early transactions involving pizzas that were sold for a five-digit amount of the cryptocurrency around 2010. The facts are that there is neither scarcity nor supply limits in the most prominent cryptocurrencies. Throughout history, successive market manias have been rationalized with the argument that history is no longer a reliable guide […]
Bitcoin price faces a stiff resistance wall that has prevented weak bullish momentum from passing through. Not only is S&P Dow Jones bringing Bitcoin to Wall Street, but Stone Ridge and its subsidiaries FIS and NYDIG are set to offer the pioneer cryptocurrency to the retail end of the market. The multinational investment bank is […]
The yellow metal is extending the recent upsurge, sitting at a new 11-month top at $1822, as the bulls take a breather, in anticipation of the all-important US NFP report. A big NFP blowout is needed to revive the Fed’s tapering talks, which could likely trigger a sharp correction in gold. “With the Relative Strength […]
It has finally happened – Gold has staged a convincing break above the $1,800, hitting a high of $1,813.63 at the time of writing. Despite the pullback, the price of gold remains buoyed by notable US dollar supply, as the risk sentiment rebounded on strong German factories data and conciliatory Fedspeak, suggesting that tapering is […]
Gold recently takes clues from the market optimism and hence a pullback in stock futures as well as the US 10-year Treasury yields, seem to have weighed on the prices. Update: Gold is consolidating near three-month highs of $1818 so far this Friday, having witnessed a blistering rally finally above the $1800 level on Thursday. […]
