Last week, financial markets showed mixed dynamics. The US Federal Reserve held its meeting, the outcome of which supported the US dollar. Gold prices hit new all-time highs, surpassing the $3,000 per ounce mark, amid economic concerns triggered by the tariff policies of President Donald Trump. Brent crude oil traded within a narrow range, reflecting…
– A week before the US elections, traders finally triggered a bull rally in the main cryptocurrency and stopped focusing on US presidential candidate ratings. (Although confidence in Donald Trump’s victory cannot be ruled out.) On Tuesday, 29 October, bitcoin not only breached the key resistance level of $70,000 with a trading volume of $48…
EUR/USD: Europe Turns Red, US Turns Green ● The most active day of the past week was Thursday, 24 October, when market participants faced a barrage of data on business activity (PMI) across various sectors of the European Union, the Eurozone as a whole, and the United States. According to S&P Global, business activity in…
– Ripple co-founder Chris Larsen announced that he had donated $10 million in XRP to Democratic presidential candidate Kamala Harris. This is not his first donation to the vice president’s campaign. On August 1, he contributed $1 million to her fund, which was one of the earliest cryptocurrency donations supporting Harris’ candidacy at the time….
EUR/USD: ECB and Trump Pushing the Pair Towards 1.0000 ● On Thursday, 17 October, the Governing Council of the European Central Bank (ECB) decided for the third time this year to lower its three key interest rates, this time by 25 basis points. As a result, the deposit rate now stands at 3.25%, the main…
– On Monday, 14 October, the price of bitcoin rose above $65,000. Then, on 15 October, a local high was recorded at $67,950. The last time the leading cryptocurrency reached such heights was on 27 September. The positive dynamics were influenced by the growth of U.S. stock indices, particularly the S&P 500. Another driving factor…
EUR/USD: Doves Outplay Hawks, Score 76:24 ● Last week, four key events attracted the attention of the markets. The week began on Monday, 7th October, with the release of eurozone retail sales data. According to the statistics, retail sales in August grew by 0.2% month-on-month and by 0.8% year-on-year, which was almost in line with…
– Geoff Kendrick, Head of Crypto Research at Standard Chartered Bank, predicts that if Donald Trump is elected President of the United States, the price of bitcoin could triple by the end of 2025, while Solana could see a fivefold increase. The expert believes that a Trump administration would be more favourable towards the Solana…
EUR/USD: Dollar Breaks Through ● For seven weeks, the EUR/USD pair remained in a sideways trend, lacking strong drivers, confined within the 1.1000-1.1200 range, and on Friday, 4th October, it once again approached the lower boundary of this channel. The main factor influencing this movement was the behaviour of the US Dollar Index (DXY). Calculated…
– A survey conducted in the US by Harris Poll, with financial support from Grayscale, revealed that over 56% of voters are more likely to vote for a presidential candidate who supports the crypto industry. According to the survey results, almost 40% of voters now pay attention to a candidate’s stance on digital assets (in…