Category: Weekly
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Market Analyst Charts The Bitcoin Journey To $70,000: Weekly Price Action Insights
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This article is also available in Spanish. Since July 29, Bitcoin price has been struggling to reclaim the $70,000 level, which has proven to be a massive resistance barrier for the leading cryptocurrency. This resistance remained in place during the last two quarters of the year, after Bitcoin hit a…
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Global Market Weekly Recap: October 14 – 18, 2024
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Typical market correlations appear to have been out of sync throughout the week, with asset classes driven more by individual catalysts than broad market themes. However, some risk-off reactions were seen due to the lackluster reaction to China’s stimulus announcement at the beginning of the week and ongoing geopolitical tensions.…
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Analyst Sets $2.50 Target For SUI Following 30% Weekly Gain – Details
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Sui (SUI) is one of the most popular crypto assets of 2024, with remarkably high market gains and huge price losses throughout the year. The altcoin is currently moving sideways after the recent price surge last week. As usual, these consolidation movements spark a lot of speculation about the token’s…
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Analyst Sets $2.50 Target For SUI Following 30% Weekly Gain – Details
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Sui (SUI) is one of the most popular crypto assets of 2024, with remarkably high market gains and huge price losses throughout the year. The altcoin is currently moving sideways after the recent price surge last week. As usual, these consolidation movements spark a lot of speculation about the token’s…
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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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FX Weekly Recap: October 7 – 11, 2024
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The forex markets saw many themes at play, including geopolitical developments, central bank commentary, and top tier economic releases. Safe-havens like the Swiss franc and Japanese yen outperformed, while the “risk-on” currencies rode a rollercoaster of broad risk sentiment headlines and individual country stories. USD Pairs Overlay of USD vs.…
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Dollar slips lower, but still on course for weekly gain By Investing.com
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Investing.com – The US dollar traded with small losses on Friday, but remained on track for weekly gains as traders reassessed potential interest rate cuts from the Federal Reserve in the wake of the strong employment report. At 04:30 EST (08:30 GMT), the dollar index, which tracks the greenback against…
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US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows
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Similor Valeti is a cryptocurrency writer specializing in journalism and content creation. While he began writing on many topics, Similor soon found a knack for dealing with the intricacies and intricacies of the interesting world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in terms…
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US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows
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Similor Valeti is a cryptocurrency writer specializing in journalism and content creation. While he began writing on many topics, Similor soon found a knack for dealing with the intricacies and intricacies of the interesting world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in terms…
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US Bitcoin ETFs See $300 Million Weekly Outflow After Three-Week Inflow
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Despite ending the last day of the week with net inflows, US spot Bitcoin ETFs ended the week with net outflows. In particular, ETFs recorded $25.59 million in net inflows on Friday but ended the entire week with outflows of $301 million for the first time since September 6, posting…
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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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Global Market Weekly Recap: September 30 – October 4, 2024
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Geopolitical headlines took center stage most days of the week, driving crude oil prices and even impacting overall market sentiment. Investors appeared concerned about infection risks and restrictions on oil production caused by worsening tensions in the Middle East, which led to a flight to safe havens such as gold…
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Dollar on track for hefty weekly gains ahead of payrolls By Investing.com
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Investing.com – The US dollar fell slightly on Friday, falling from a six-week high ahead of a key jobs report that could determine sentiment ahead of the Federal Reserve’s next meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Asia shares fall, oil set for weekly gains on Mideast risks By Reuters
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By Ray Wee SINGAPORE (Reuters) – Asian stocks fell on Friday while oil prices headed for their biggest weekly gain in more than a year, as rising tensions in the Middle East kept markets on edge ahead of the U.S. jobs report due later in the day. US President Joe…
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Solana price nears death cross as weekly DEX volume rises 46%
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Solana continued its downward trend, falling for four straight days as a sea of red swept through the cryptocurrency industry. Solana (SOL), the fifth-largest cryptocurrency, fell to $135 on Thursday, October 3, its lowest level in more than three weeks. It also moved into a local correction, falling 16% from…
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Solana price nears death cross as weekly DEX volume rises 46%
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Solana continued its downward trend, falling for four straight days as a sea of red swept through the cryptocurrency industry. Solana (SOL), the fifth-largest cryptocurrency, fell to $135 on Thursday, October 3, its lowest level in more than three weeks. It also moved into a local correction, falling 16% from…
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US weekly initial jobless claims 225K versus 220K expected
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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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Weekly Market Outlook (30-04 October)
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Upcoming events: Monday: Japanese industrial production and retail sales, Chinese PMIs, German CPI, Fed Chair Powell. (Canada is on vacation) Tuesday: Japan Unemployment Rate, Bank of Japan Opinion Summary, Australian Retail Sales, Swiss Retail Sales, Swiss Manufacturing PMI, Eurozone Flash CPI, Canadian Manufacturing PMI, US ISM Manufacturing PMI, US Job…
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Weekly NFT sales plunge to $73.7m, Solana network sales surge
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The NFT market has seen a 4.2% decrease in sales volume in the past seven days. This drop comes after a decent 7.68% rise as reported in the latest weekly NFT sales column. Latest data from CryptoSlam The data shows that the volume of NFT sales in the past seven…
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Weekly NFT sales plunge to $73.7m, Solana network sales surge
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The NFT market has seen a 4.2% decrease in sales volume in the past seven days. This drop comes after a decent 7.68% rise as reported in the latest weekly NFT sales column. Latest data from CryptoSlam The data shows that the volume of NFT sales in the past seven…