May 10, 2024

Bitcoin Could Lose on Thursday, heading for its fourth loss in a row, as it plummeted to week lows and came close to trading below the psychological barrier of $60,000. This downward trend is driven by strong risk aversion in the cryptocurrency market, fueled by rising US 10-year treasury yields. As traders await more speeches …

Bitcoin Could Lose Trading Above $60,000 Amid Risk Aversion Read More »

Sterling Moves rose in European trade on Friday, extending gains for the second straight day against the dollarbuoyed by hot UK growth data. The positive GDP data impacted the odds of early UK interest rate cutsindicating that the Bank of England (BOE) may take a cautious approach to monetary policy. The latest UK growth figures …

Sterling Moves in a Positive Zone After Hot Growth Data Read More »

Gold Under Pressure prices fell on Wednesday, marking the second consecutive day of decline, with the precious metal on the verge of trading below the psychological barrier of $2300. This downward trend is driven by a strengthening dollar, which gained ground against major rivals following recent remarks by Federal Reserve officials. These remarks have impacted …

Gold Under Pressure as Dollar Gains Ground Read More »

Germany Choosing experiencing a resurgence in nuclear power, with countries embracing carbon-free energy sources, Germany has taken a different path by choosing natural gas over nuclear power. This decision is particularly surprising given Germany’s support for green energy initiatives and its energy instability following Russia’s invasion of Ukraine. Despite the global renaissance in nuclear power, …

Germany Choosing Natural Gas Instead of Nuclear Power Read More »

Gold Reverses prices rose on Thursday as the dollar index declined against most major rivals following weaker-than-expected US data. The Federal Reserve’s cautious approach to amending interest rates, with a focus on bringing inflation towards the 2% target, contributed to the dollar’s dip and gold’s rebound. As the Federal Reserve maintains its cautious stance, gold’s …

Gold Reverses Higher as Dollar Dips After Weak Data Read More »