Tag: New York

Bitcoin price forecast: JP Morgan predicts an 8-week rally due to the 'Trump Trade'According to JP Morgan, the price of Bitcoin is expected to experience an 8-week rally due to the 'Trump Trade'. This...

The Federal Reserve's hawkish stance is something that forex traders need to keep an eye on. The FOMC statement is about to be released, and all eyes are on Fed Chairman Jerome Powell's press...

The October Consumer Price Index is expected to show slow progress in reducing inflation. The headline CPI is projected to have increased by 0.2% in October, bringing the 12-month change in consumer prices to...

Bitcoin has reached a new all-time high, surpassing the previous peak set on 14 March. The price of Bitcoin surged past $75,300 per coin, showing a significant increase in value. This surge coincides with...

The USDCAD had a downward movement and tested the support level at 1.3813 towards the end of the trading day, hitting a low of 1.3817 before slowing down. Thanks to early successes from the...

The EURUSD continues to rise, despite the release of stronger services ISM non-manufacturing data today. Employment numbers have increased, while new orders and prices paid have decreased. The ongoing election voting is still underway,...

The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since July 2022. The employment sub-index also saw a significant increase...

In September, the US trade deficit widened slightly to $84.4 billion, compared to the prior deficit of $70.4 billion. The increase in the deficit was primarily driven by a rush to import items ahead...

The EUR/USD pair is showing a slightly upward bias during the day as it continues to rebound from the short-term bottom of 1.0760. However, there is expected to be strong resistance around the 55-day...

European equities showed little movement at the market open today, indicating a sense of stagnation in the market. Investors are advised to proceed with caution as trading in foreign exchange carries a high level...