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Bitcoin (BTC)
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EUR/USD halts a two-day winning streak on improved US Dollar, edges lower to near 1.0760
– EUR/USD retreats as US Dollar improves on market optimism. – US PPI and Consumer Sentiment Index will be released on Friday. – US Retail Sales (MoM) declined by 0.8% in January against the expected 0.1% decline. – ECB’s forward-looking wage tracker suggests wage pressures after the stable GDP data. EUR/USD retreats after two days…
Bitcoin ETFs Received Almost $2.8 Billion Net Inflows After 21 Days of Trading; Institutional Demand Grows Around Solana (SOL) and NuggetRush (NUGX)
– Net inflows into spot Bitcoin ETFs after the first 21 days of trading are nearly $2.8 billion. – Solana is expected to create a new ATH before the end of 2024. – NuggetRush is a novel P2E memecoin preparing to skyrocket after its launch, with analysts predicting a 65x upswing. It has been a…
US Dollar gets weakened by soft economic data, eyes on PPI
– The DXY Index recorded losses in Thursday’s session, falling toward 104.40. – Retail Sales from January declined higher than expected. – Weekly Initial Jobless Claims came in strong. The US Dollar (USD) measured by the Dollar Index (DXY) declined further on Thursday, this time fueled by weak Retail Sales figures from January. Despite the…
Pound Sterling Price News and Forecast: GBP/USD recovers above the 1.2600 psychological mark
GBP/USD holds above the 1.2600 mark, UK Retail Sales, US PPI data eyed The GBP/USD pair manages to hold above the key 100-day Exponential Moving Average (EMA) of 1.2580 during the early Asian session on Friday.The recovery of the major pair is bolstered by weaker-than-expected US Retail Sales, which drag the USD Index (DXY) lower.Investors…
WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks
– WTI recovers to $77.50 on the weaker of the US Dollar. – The International Energy Agency (IEA) said the crude market could be in surplus throughout 2024. – The escalating Middle East geopolitical tension might lift WTI prices as it disrupts crude supplies. – Oil traders will monitor the US January Producer Price Index…
BoJ Ueda: Will consider policy move when inflation target conditions met
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday, “when sustained, stable achievement of the price target comes into sight, we will examine whether to maintain various easing measures, including negative interest rate.” Additional quotes The specific means of rolling back stimulus will depend on economic conditions at the time. Based on the economic…
Best Coins to Trade in Canada in 2024: How2crypto advice
For astute investors seeking to profit from the ever-changing digital asset market, trading cryptocurrencies in Canada offers a multitude of chances.New trends, technology, and currencies are shaping the cryptocurrency sector as we reach 2024, and the environment is still evolving.This post will go over everything you need to know to trade cryptocurrency in Canada, including…
NZD/USD posts modest gains below 0.6100 ahead of US Retail Sales data
– NZD/USD holds positive ground near 0.6085 amid the USD weakness. – Fed’s Goolsbee said that higher inflation for a few months would still be consistent with a path back to the 2% target. – RBNZ’s Orr said the inflation challenge was not over and highlighted broad financial pressures as a reason for maintaining a…
GBP/JPY struggles near 189.00 after getting knocked lower on UK data misses
– UK inflation figures broadly missed forecasts on Wednesday. – GBP/JPY slid further away from 190.00 level, rejection pattern forms. – Thursday sees UK GDP numbers, Friday to wrap up with UK Retail Sales. GBP/JPY got knocked further back from the 190.00 handle on Wednesday after UK inflation numbers came in broadly below expectations, dragging…