The cryptocurrency bull market was firing on all cylinders in trading on Tuesday as Bitcoin (BTC) surged above $57,000 for the first time in more than two years, a disheartening move for traders who had been hoping for a significant pullback as an opportunity to allocate fund into the top crypto. While the rally
Digital assets entered a new era of legitimacy with the launch of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., and as the flow data for the ETFs show, there is a healthy level of demand for access to BTC once the technical know-how to deal with crypto is eliminated as a
Share: What you need to take care of on Wednesday, February 21: The US Dollar edged lower on Tuesday, extending its slide after the long weekend amid mounting speculation the Fed will further delay the first rate cut. The CME Group FedWatch Tool now shows market players are moving their bets towards June.
Stock market investors on Wall Street in the week ahead will be watching key economic data including consumer price index, producer price index and industrial production report. Apart from the US economic data, some key earnings including Coca-Cola, Shopify, Cisco, and Sony will also be the focus of the investors. Economic events On February 13,
(Kitco News) – The Federal Reserve is in no hurry to shift its current higher-for-longer monetary policy stance, which has significantly weakened bullish momentum in the gold market, and according to some analysts, it will take a big miss in inflation to push the precious metal one way or another out of its current trading
The major focus of the stock market investors on Wall Street in the week ahead will be on the US Federal Reserve’s monetary policy meeting scheduled for January 30-31 and chairman Jerome Powell’s subsequent press conference. The US central bank is widely expected to keep interest rates unchanged, but investors and traders will look for
(Kitco News) – Gold prices chopped around in a narrow $10 range between $2,016 and $2,025 this week, with only minor reactions to even the most significant data releases and corporate earnings reports. The latest Kitco News Weekly Gold Survey showed institutional experts and retail traders maintaining their cautious stance, with no clear consensus about
On Wall Street in the week ahead, stock market investors’ major focus will be on the economic growth indicators such as pace of inflation, manufacturing PMI and the economy. In addition, investors will also be watching key earnings that include Tesla, Netflix, American Airlines, Abbott Laboratories, and IBM. On January 24, data for January on
On Wall Street in the week ahead, investors will eye quarterly earnings reports and the energy market as the Middle East tensions could spark a further rise in oil prices. Last week, oil prices climbed after US and British airstrikes in Houthi-controlled areas of Yemen added to the ongoing tensions in the Middle East. Investors
FRANKFURT, Jan 8 (Reuters) – Wealth inequality declined in the euro zone over the past five years, confounding some expectations, as a large middle class with widespread property ownership benefited from a house price boom, the European Central Bank said on Monday. The new data comes after the ECB faced years of criticism that a