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The GBP/USD pair struggled for significant upward momentum on Thursday, trading below the key level of 1.2100 in the Asian session. The immediate trading range stayed narrow, with GBP/USD last seen around 1.2190-1.2200, near the Fibonacci 23.6% retracement level and the 50-day and 100-day Simple Moving Averages (SMA) on the 4-hour chart. Technical buyers might act...

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The EUR/USD pair faced challenges in its upward movement and continued to decline during early Thursday's Asian trading session. Escalating political tensions in the Israel-Hamas conflict and higher US Treasury bond yields exerted pressure on this currency pair. The EUR/USD exchange rate rose to 1.0595 and then retraced, forming a short-term double-top pattern....

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The price of gold (XAU/USD) hovers around $1,950 after retreating from its two-month high of $1,962 in early Asian trading on Thursday. This uptick in the precious metal's value is bolstered by escalating political tensions in the Middle East, driving a flow of safe-haven assets. Simultaneously, the US Dollar Index (DXY), measuring the USD against six major...

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In the world of cryptocurrencies, mystery shrouds the identity of Satoshi Nakamoto, the elusive creator of Bitcoin. Recent reports from Arkham, a leading crypto research firm, have unveiled an intriguing revelation: Nakamoto might be one of the most significant Bitcoin whales, holding an untouched investment portfolio of 1.1 million BTC, currently valued at a...

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Gold prices steadied following early-week declines, as market jitters over upcoming US economic signals and remarks from Federal Reserve officials affected global markets. The precious metal saw a surge amid the Israel-Hamas conflict, driven by investors seeking safe havens. However, this trend reversed later in the week due to stronger-than-expected US inflation...

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On Tuesday, Bitcoin maintained its position above $28,000, hovering near its two-month high. The cryptocurrency's resilience is attributed to a surprising 0.7% surge in US retail sales for September. After dipping from its Monday peak of $30,000 to a low of $27,855.21 yesterday, the digital currency rebounded to over $28,600 today. This marks Bitcoin's highest...

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The EUR/USD pair remained stable around 1.0575 after retreating from the 1.0600 level in early Asian trading on Wednesday. Heightened market risks favored the US dollar, putting pressure on the currency. Meanwhile, the US Dollar Index adjusted to 106.20, and US Treasury bond yields rose significantly. The EUR/USD exchange rate has risen above the 20-day Simple...

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The GBP/USD pair traded below 1.2200 as traders awaited crucial inflation and employment data from the United Kingdom. The British Pound (GBP) declined by 0.26% on Friday as the US Dollar strengthened amid safe-haven demand. GBP/USD has been steadily declining since July due to the narrowing interest rate differential between the UK and the US. Recent...

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GBP/USD surged on Monday, reaching 1.2215 as market risk appetite recovered due to Tuesday's UK wage data and US Retail Sales figures. UK average earnings excluding bonuses are expected to remain stable at 7.8% on Tuesday, with the bonus-inclusive figure dropping from 8.5% to 8.3%. The 4-hour chart's Relative Strength Index (RSI) remains below 50, indicating a...

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EUR/USD witnessed a fresh selling spree, plummeting to 1.0500 in Tuesday's Asian trading session. Resurging demand for the US dollar weighs heavily on the pair amid cautious sentiments. Markets are eagerly awaiting Germany's ZEW Survey and US Retail Sales data for potential new trading cues. From a technical perspective, the EUR/USD uptrend lacks signs of a...

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Over the past 20 months, the number of large Bitcoin holders has increased by 8.1%, according to Santiment data. This uptick follows the bearish market of 2022, with significant Bitcoin transactions and price stability now highlighting positive market sentiment. Bitcoin has witnessed a notable rise in the number of addresses holding at least 10 BTC, indicating an...

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The spot gold price experienced an early decline from the week's opening bids, dropping from Monday's $1,933 to $1,908 in early Monday trading, before psychological investor sentiments and a broader market resurgence led to a modest rebound for XAU/USD. Last week, investors witnessed heightened risk aversion due to the escalating Israel-Hamas conflict. Political...

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GBP/USD staged a recovery, trading around 1.2150 in Monday's Asian session after recent losses. The pair faces challenges amid shifting discussions on the Federal Reserve's monetary policy trajectory. The Relative Strength Index (RSI) on the 4-hour chart has dropped to 40, indicating a short-term bearish trend. Key for the pair is 1.2200 (psychological level,...

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The EUR/USD pair began the new week with a slight positive signal, partially reversing Friday's dip to its lowest point in a week, just below the psychological level of 1.0500. Spot prices seemed to halt the extended two-day downtrend, although the absence of substantial data indicates a need for caution. EUR/USD dropped below 1.0570 (Simple Moving Average 100...

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Bitcoin (BTC) is currently trapped in a gradually ascending channel, constrained by a resistance level around $28,000 and an ascending support level near $26,750. The sideways price action of BTC is accompanied by decreasing trading volume and reduced volatility, underscoring the growing conflict among traders. The lack of a clear trend in Bitcoin's price has...

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The precarious situation in the Middle East persists, with the recent surge in the U.S. S&P 500 futures failing to alleviate the fragile state of affairs. Despite the rise, the U.S. dollar remains vulnerable. Simultaneously, the price of gold solidified its substantial spike on Friday, trading at approximately $1,921 USD at the time of writing. According to a...

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In the wake of previous recovery attempts, GBP/USD turned south, slipping below 1.2100 in the latter half of Friday. The negative shift in risk sentiment amid escalating political tensions bolstered the US Dollar against its counterparts, impacting this pair adversely. The Relative Strength Index (RSI) on the 4-hour chart dipped to 40, indicating a short-term...

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Over the past few years, Bitcoin has been considered the digital gold due to the similar benefits it offers as gold, with some additional features. During times of economic and political turmoil, BTC is regarded as a safe haven. In a recent YouTube video, a cryptocurrency analyst highlighted the fundamental differences between Bitcoin and Gold. Silver, he argued,...