The cryptocurrency created by Satoshi Nakamoto is awaiting the determination of the financial regulator in the United States, the Securities and Exchange Commission (SEC) in the coming weeks regarding the issuance of ETFs, something totally new for the cryptoasset market. A not minor fact is that this year bitcoin celebrates 15 years of its creation […]
Tesla shares hit their lowest price in eight months
Following Elon Musk’s speech, in which he asked investors to understand the dynamics of slowing sales, shares of Tesla Inc (TSLA) plunged to their lowest numbers in eight months. Shares were down nearly 10% as the company failed to beat earnings expectations and warned that its growth will be “considerably lower” than expected this year. […]
Daily Technical Analysis on USD/JPY: Lots of speculation awaiting US growth and inflation data
The currency pair is currently overbought, and a downtrend may occur. However, investors should know what may happen in the coming days. The Bank of Japan (BoJ) was cautious this week and did not change its economic policy. Instead, it is believed that the BoJ will let the Federal Reserve (Fed) take the spotlight. Japan’s […]
The Euro Strengthens and Falls Following U.S. Inflation Data Release
Today’s trading showed notable movements, as the euro started as the strongest currency in the market but fell after the U.S. inflation rate of 3.4% was announced. Although the euro was the currency that most marked the market trends, behind it there were also others that registered striking movements, such as the pound sterling, which […]
Daily Technical Analysis on BTC/USD: Bitcoin remains in the support zone
After reaching the 38,500.00 USD level on Tuesday this week, the BTC/USD price has left the lows and is now settling above 40,000.00 USD. Since the inception of ETFs in the United States, which allow trading of the BTC/USD pair, there has been no major upward trend. The market is divided as some investors believe […]
The British pound increased its value in the market shortly after the release of inflation data in the United Kingdom
The British pound increased its value in the market shortly after the release of the data regarding inflation in the United Kingdom. Inflation has been stable recently in the UK, thanks to the Bank of England’s (BoE) firm policy on interest rates to combat inflation. One key piece of data is the UK consumer price […]
Daily Technical Analysis on USD/CAD: There is a short-term downtrend, and we await the Bank of Canada’s decision
The USD/CAD pair reached the 1.34925 level yesterday but suffered a downtrend. As of this analysis, it is trading near the 1.33460 mark. In the last few hours, pressure on selling positions has been evident, even though support levels are in focus. However, investors await the Bank of Canada’s (BoC) interest rate decision. For now, […]
The yuan lost value after the release of disappointing economic growth data in China
The yuan lost value in response to China’s economy growing much less than expected. It barely surpassed the government’s estimate of 5% for 2023, marking one of the worst growth rates in over three decades. This means that the rebound after the health crisis did not have the expected momentum and, on the contrary, set […]
Daily Technical Analysis on XAU/USD: Prices continue to trend upwards
At the beginning of the week, the price of gold (XAU/USD) rose and stabilized at the resistance level of USD 2,037 per ounce at the time of writing. Interest rate markets in the U.S. market continue to give the likely view that there could be a near 50% interest rate cut by the Federal Reserve […]
Dollar slips ahead of European Central Bank data
The dollar (USD) is trading lower on Monday, in a vital week ahead of key U.S. growth and inflation data and the first meeting of the Federal Reserve (Fed).C The dollar index, which follows the greenback against a basket of six other benchmark currencies, was down 0.1 percent at 102.984 at midday, falling from one-month […]