This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. There’s very little reason to doubt bitcoin’s BTC$111,480.33 upward trajectory right now. Although the rally has paused over the last 24 hours, the steep, near-90-degree uptrend line from lows just under $ 110,000 is still holding strong. In fact, prices tested…
– U.S. August CPI rose 0.4% m/m vs 0.3% expected, while jobless claims jumped to 263K (exp 235K), the highest since early 2023. Inflation remains sticky, but labor markets are clearly cooling. – The Dollar Index (DXY) spiked to 98.00 on CPI before reversing lower, testing support at 97.56. – Gold (XAUUSD) held…
Macro Background The August U.S. data delivered a mixed signal that left traders with no easy answers. Inflation surprised on the upside, with headline CPI rising 0.4% m/m against expectations of 0.3%. Core CPI matched forecasts at 0.3%. On a yearly basis, headline inflation printed 2.9% y/y, slightly above consensus. At the same time, the…
The dollar index is a widely followed measure that tracks the value of the United States dollar against a basket of major world currencies. It serves as a key benchmark for traders, investors, and analysts to understand the overall strength or weakness of the dollar in global markets. Because the dollar plays a central role…
The Indian equity market staged a strong recovery last week, with the Nifty breaking a three-week losing streak and closing nearly 2% higher despite weak global cues amid the rising threat of tariff wars with multiple trading partners. This rebound was driven by encouraging macroeconomic indicators, a fall in the dollar index, and liquidity infusion…