Bitcoin Price Drop: Bitcoin’s price has fallen by over 5% this week and continues to decline on Friday. Market Uncertainty: There is high volatility and uncertainty in the Bitcoin market. Liquidation Impact: About $1.67 billion worth of crypto positions were liquidated due to the price drop. White House
Gold Price Rises: XAU/USD is now at $2,916.67. Tariff News: US President Donald Trump removed tariffs on Canadian steel and platinum. Upcoming Data: The US Consumer Price Index (CPI) will be released on Wednesday. Gold Outlook: Gold is moving higher and trying to stay strong.
Ethereum's price increased by 3% on Tuesday. Cboe BZX filed a request with the SEC for Fidelity to allow staking in its Ethereum ETF. Other companies, like Grayscale and 21Shares, also want to stake their Ethereum ETF holdings. Ethereum is moving toward the $2,200 resistance level.
BOJ GOVERNOR UEDA: UNDERLYING INFLATION STILL REMAINS BELOW 2% BOJ Governor Kazuo Ueda highlights that underlying inflation remains below 2%. Expressed concern over uncertainty in the overseas economy and prices. Spring wage negotiations will be crucial for future BOJ policy direction. No policy changes expected at next week's
CANADA, US AGREE TO SUSPEND TARIFFS Canada suspends 25% surcharge on electricity exports to the U.S. Ontario Premier Doug Ford announces suspension for Michigan, New York, and Minnesota. Ford and U.S. officials to meet Thursday on USMCA renewal.
Global trade tensions are still making markets unstable. Stock prices changed a lot and finally ended lower. There is some hope in U.S.-Canada trade talks. Even though tensions are easing, relief is not coming quickly.
EUR/USD DECLINES TO NEAR 1.0900 ON RENEWED US DOLLAR DEMAND,. EUR/USD weakens to around 1.0900 during Wednesday’s Asian trading hours. Renewed demand for the US Dollar pressures the major pair. Traders await the US February CPI inflation report, due later today, for further direction.
Gold price is moving around $2,915 in the Asian market on Wednesday. Traders are waiting for US inflation data before making new decisions. Trade war fears and geopolitical risks are rising. This keeps gold in demand as a safe investment.
DOW DROPS MORE THAN 450 POINTS. The S&P 500 fell as traders reacted to new tariffs proposed by President Trump. Tariff details remain unclear, contributing to heightened market uncertainty. The S&P 500 is approaching a correction, defined as a 10% drop from its recent high. The
GOLD PRICE FORECAST: WILL XAU/USD DEFEND 21-DAY SMA ON US CPI INFLATION DATA? Gold consolidates above $2,900 after a 1% rally on Tuesday. Traders cash in on US Dollar short positions ahead of US CPI data. Price reclaims 21-day SMA at $2,910, with potential for further upside.
USD/JPY is rising and is now around 148.00. The US Dollar is recovering from recent lows. Differences in US and Japan's interest rate policies may limit further gains. Investors are cautious, which supports the Japanese Yen. Everyone is waiting for US inflation (CPI) data for more
AUD/USD is trading slightly lower, below 0.6300, on Wednesday in Asian markets. Investor sentiment is affected by concerns about a trade war. The Australian dollar is considered a "risk-sensitive" currency, meaning it is affected by such concerns. Markets are also cautious ahead of the release of