Category: Outlook
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Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating?
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This article is also available in Spanish. Bitcoin had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. After weeks of strong bullish momentum, the market has now cooled, and Bitcoin is consolidating below the crucial $70,000 level. This key threshold…
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Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating?
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This article is also available in Spanish. Bitcoin had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. After weeks of strong bullish momentum, the market has now cooled, and Bitcoin is consolidating below the crucial $70,000 level. This key threshold…
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Retail Surge Sparks Bearish Outlook As Bitcoin Dominance Wanes
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This article is also available in Spanish. Bitcoin’s recent dominance in the cryptocurrency market has fallen below 50%, indicating a potential negative trend as retail activity increases. This change raises questions about market dynamics and investor sentiment. Bitcoin dominance has been a crucial indicator of whether the market is in…
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Revenue And Profit Growth, Adjusts Annual Outlook Factoring Acquisitions
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Honeywell International Company (NASDAQ:HON) shares are trading lower after the company reported third-quarter results And updated FY24 guidance. Revenue grew 6% year over year (organic: +3%) to $9.728 billion, missing the consensus of $9.901 billion. The increase in sales was due to strong growth in the defence, aerospace, commercial aviation…
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Bitcoin Breakout Confirmed – Price Action Suggests Bullish Outlook
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Bitcoin is holding above the $68,000 level, but has yet to break the critical $69,000 level. After weeks of bullish price action, the market is closely watching confirmation of the breakout from a seven-month accumulation pattern that has built significant momentum. Senior Analyst Dan recently shared his thoughts, noting that…
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7 Key Reasons Behind The Bullish Outlook
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This article is also available in Spanish. Bitcoin (BTC), the largest cryptocurrency by market cap, is showing signs of a potential breakout, according to analyst Miles Deutscher. Historically, October has been a strong month for Bitcoin, and recent trends suggest that the cryptocurrency could be on the verge of a…
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Nestlé cuts sales outlook and overhauls top leadership
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Nestlé again lowered its forecast for 2024 and reshaped its executive team on Thursday as the global food giant reported lower sales during the first nine months of the year. The Swiss group, whose brands range from Nespresso coffee capsules to Purina dog food and Häagen-Dazs ice cream, said its…
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Weekly Market Outlook (14-18 October)
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Upcoming events: Monday: US, Canada, Federal Reserve Bank holiday. (US stock market open/bond market closed) Tuesday: UK Labor Market Report, German ZEW, Canadian CPI, New Zealand CPI Q3. Wednesday: UK Consumer Price Index. Thursday: Australian labor market report, European Central Bank policy decision, US retail sales, US unemployment claims, US…
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Bank of Canada business outlook survey says “demand is weak”
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To me, this report is more important than today’s jobs data. The Business Expectations Survey index remains negative, indicating broad-based weakness “Demand is weak, businesses have excess capacity, and price growth continues to slow” but there has been only slight deterioration since last quarter. Companies have reported weak sales growth…
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Bitcoin Supply ‘Is Held By Confident Holders’ – Metrics Hint At Bullish Outlook
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After weeks of high volatility and uncertainty, Bitcoin has now reached a turning point. The recent Federal Reserve interest rate cut, coupled with the escalating conflict between Iran and Israel, has led to erratic price movements, leaving traders navigating an anxiety-filled landscape. Despite this turbulent environment, key data from CryptoQuant…
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USD/JPY outlook heading into elections
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Investing.com – The pair has seen volatile trading lately, and Citigroup is discussing its potential moves as Japan and the US host elections in the near future. At 09:00 EST (13:00 GMT), USD/JPY was trading down 0.1% at 148.09 yen, after trading at a two-month high of 149.12 yen at…
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More from Fed’s Musalem – Jobs report did not cause a change in outlook
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Housing market outlook: Mortgage rates to stay around 6%
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Mortgage rates may remain stuck in a narrow range around current levels and will not decline sharply any time soon. Before the Fed cut interest rates, mortgage interest rates had dropped dramatically near what some considered the “magic number” of 6% which would revive a sluggish housing market characterized by…
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Weekly Market Outlook (07-11 October)
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Upcoming events: Monday: Retail sales in the euro area. (China is on vacation) Tuesday: Japan’s average cash earnings, RBA minutes, and US NFIB small business optimism index. Wednesday: Reserve Bank of New Zealand policy decision, FOMC meeting minutes. Thursday: Japanese Producer Price Index, European Central Bank Minutes, US CPI, US…
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How many Shiba Inu coins are there? Current supply & future outlook
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The Shiba Inu Coin (SHIB) is a major contender for the meme coin throne, and is often referred to as the “Dogecoin killer” by its supporters. As the coin continues to grow, more people are becoming interested in the token economics of this project and are finding themselves wondering how…