Uniswap Price Analysis (10/31/2024) Current Price: Uniswap (UNI) is trading around $8.01. Key resistance at $8.26; a close above this suggests potential for a rally. MACD shows a bullish crossover, indicating possible upward momentum. A daily close below $7.08 would invalidate the bullish outlook. Successful
Germany’s inflation rate in October was higher than expected: Annual inflation slowed to 2.0%, but exceeded the expected 1.8%. This is the lowest inflation rate since February 2021. Core inflation (which excludes certain volatile items) rose more than expected: It reached 2.4% in October, while expectations
US pending home sales rose in September for the first time in two months. Sales increased by 7.4% compared to August, surpassing expectations of a 1.9% rise. This figure only includes homes under contract (not newly built ones) that haven’t closed yet. Higher pending sales are viewed
Bitcoin Exchange-Traded Funds (ETFs) saw significant inflows on October 29, with about $870 million added in one day. BlackRock's IBIT fund led with $629 million in inflows, followed by Fidelity's FBTC with $133 million, and Bitwise's BITB with $52 million. Grayscale’s Bitcoin Fund
Gold has reached new record highs, continuing its strong upward trend. Bitcoin is experiencing a slight retracement after nearing its record high from March. Major US indices, including NASDAQ 100 and S&P 500, are trading close to all-time highs. The upcoming US election is influencing market sentiment, with
Current Price: EUR/USD has fallen to around 1.0810. The Euro is under pressure due to uncertainty from the US presidential election. Traders are awaiting GDP and ADP Employment Change data from the US. The European Central Bank (ECB) is expected to cut the Deposit Facility Rate, with nearly
Gold retreated from a record high, currently trading around $2,780. Ongoing geopolitical tensions and uncertainty from the US presidential election support safe-haven demand. Elevated US Treasury bond yields and a strong USD have not deterred gold's momentum. Market participants are awaiting key US macro data before making
Real GDP increased by 2.8% annually in Q3 2024. Output rose by 2.7% compared to the same quarter last year, outperforming the 2.4% growth rate from the last economic expansion (2010-2019). Strong consumer spending continued, with real personal consumption expenditures (PCE) up by 3.7% annualized in
PayPal’s earnings were better than expected: Adjusted earnings per share were $2.20, higher than analysts' prediction of $1.07. Revenue growth fell slightly short: Quarterly revenue was $7.85 billion, just below the expected $7.89 billion. Shares dropped 6%: Despite solid performance, the minor revenue miss
Dollar Index Rises: The US dollar index increased, reaching 104.470 against other major currencies. Time and Data: This rise happened just before the US market opened and the release of the JOLTs and Redbook data. Currency Movements: Dollar-Yen: The dollar rose 0.34% against the yen, hitting 153.8.
Crude oil prices recovered on Tuesday after a big drop on Monday, which was the worst loss since May 2023. The U.S. plans to buy oil to add to its strategic reserves, boosting market confidence in U.S. demand. China might approve a major financial package to support its
Citigroup (Citi) raised its gold price forecast for the next three months. The new forecast is $2,800 per ounce, up from their previous forecast of $2,700 per ounce. Gold prices are already near all-time highs. Currently, gold trades at around $2,751 per ounce, close to last week’