Bitcoin tops $120,000 for the first time

Bitcoin tops $120,000 for the first time
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Bitcoin tops $120,000 for the first time
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Safety-Seeking Hot Money Flows Dominated Overnight Financial Markets August 2, 2024 The mood of investors around the world has suddenly become very guarded. The possibility of a broader Middle Eastern War has increased. An increasingly isolation-minded American public doesn’t seem properly prepared for that event, let alone the even more challenging risks associated with a…
2024.06.14 2024.06.14 Gold loses its allure? Forecast as of 14.06.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Lower demand from China, the Fed’s reluctance to cut rates even as inflation cools, and lower geopolitical risks weigh on gold. Let’s talk about these topics and make a trading plan for XAUUSD. Monthly fundamental forecast for gold China’s insatiable appetite for gold, the weakness…
Yesterday’s session offered quite a positive rewind after what had been a rough start to the month. The powerful uptrends are still technically dominant in the global stocks’ impressive yearly explosion, but ever since their first appearance at the big surprise in the August NFP, it seems that sellers are trying to make a decisive…
Treasury Secretary Janet Yellen fired off a warning shot to Congress today, flagging a critical debt ceiling timeline that could rattle markets in early 2025. Debt ceiling reinstates Jan 2 Default risk window: Jan 14-23 Treasury to deploy ‘extraordinary measures’ if needed The timing adds another layer of complexity to an already heated political environment…
Kiwi tallies a three-day losing streak, end the week on a negative note with the pair stabilizing at 0.6115. NZD/USD outlook continues to skew bearish as bulls fail to maintain upward traction. Bucking the bearish trend, a break above 0.6150, the position of the 20-day SMA, is vital. On Friday, the NZD/USD extended its losing streak…
Double NFP or not? Data – Global equities advanced modestly as U.S. federal agencies fully resumed operations after the shutdown, helping ease data-visibility concerns. The STOXX 600 hit an all-time high at 585.33, while Nikkei 225 +0.3 % and TOPIX reached a record peak, supported by rotation out of high-valuation tech stocks into cyclicals…