Selling in the euro currency has increased following hints from the European Central Bank that suggest interest rate cuts may not be guaranteed by 2024. Similarly, political tensions such as those occurring in the Middle East threaten energy markets and will likely be an extra pressure for the European Central Bank to bear, more so […]
Technical Analysis on XAU/USD: Gold remains strong despite the strengthening dollar in the market
Gold continues to be strong and could reach its all-time high in 2024. However, this all depends on the behavior of interest rates and the price of the US dollar. At the end of last year, the Federal Reserve ended interest rate hikes in the United States. This could lead to flexibility in monetary policy, […]
Technical Analysis on USD/EUR: The pair is looking to recover ahead of the release of US inflation figures, so caution is advised
There is a lot of optimism in the market regarding inflation. While experts expect inflation to decrease significantly by 2024, there are doubts about achieving the Fed’s target of 2%. In the coming months, especially in March, if inflation shows signs of weakness and decline, the Fed may cut interest rates. All remains to be […]
United Nations Highlights Illicit Use of Cryptocurrencies in Southeast Asia
The black market industry is increasingly using cryptocurrencies for its operations to achieve its financial objectives quicker and more smoothly. According to a report published by the United Nations Office on Drugs and Crime, cryptocurrencies are now increasingly being used for illicit activities in poorly regulated areas in East and Southeast Asian countries. The report […]
Bank of America Says Currency Market May Become More Volatile This Year
Bank of America analysts suggest that volatility may become a constant feature in the market this year, driven by the high likelihood of Federal Reserve (Fed) interest rate cuts in the coming months. In case volatility is present in the market, analysts warn that it can be an excellent market opportunity, since the price tends […]
Fake SEC Tweet Triggers Bitcoin Price Swing
Thanks to a fake tweet from the U.S. Securities and Exchange Commission (SEC) account related to Bitcoin ETFs managed to trigger an unexpected reaction in market prices From the official account of the SEC on X, a tweet was disseminated reporting the acceptance of Bitcoin exchange-traded funds, which evidently had a direct effect on the […]
The World Bank Warns of the Lowest Growth Period in Three Decades
The global economy is facing the possibility of experiencing the lowest growth period in the last 30 years, extending over five years, according to the World Bank in its macroeconomic projections report, which assures that the decade in which we are in could be called «the wasted opportunities.» Although the World Bank affirms that the […]
Technical analysis on XAU/USD: Still on an upward trend
Gold closed at a stable USD 2,048 per ounce on Friday. Despite having gained last week, the price of XAU/USD may fall by 1% in the coming days. The same can happen with silver prices, which are expected to lose about 3% of their value in the market. More investors are looking to invest in […]
Technical Analysis USD/EUR: Euro Shows Signs of Volatility
The USD/EUR has shown volatility this week, with its resistance level identified at 1.1000. Additionally, this level coincides with the 200-day moving average. If the euro surpasses If the euro surpasses this level, it could rise and possibly find support at 1.1150. If the euro drops, it could find support at 1.0800. Core inflation, which […]