The gold USD relationship plays a central role in global financial markets. Traders, investors, and central banks watch the gold USD relationship closely every day. This relationship explains how gold prices react to changes in the US dollar. It also explains why gold often moves when currency markets shift. The relationship exists because gold trades…
Citi forecasts Bitcoin at $143K and Ethereum at $4,304 in 12 months. Regulatory clarity and adoption drive institutional interest in crypto. Short-term risks, including bearish patterns, options expiry, and ETF outflows, still linger. Citigroup has delivered one of the most upbeat outlooks from a major Wall Street institution on digital assets, forecasting strong upside for…
The markets saw a week of mild corrective movement as Nifty traded in a slightly downward-biased consolidation phase and ended the week on a negative note. The index oscillated in a 485-point range, between 26,178.70 and 25,693.25. Despite a supportive backdrop from the Fed with a 0.25% rate cut, and breadth deterioration pausing, the index…
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The Fed has come and gone without moving the needle on bitcoin’s BTC$92,534.21 price in any meaningful way. The central bank cut rates by 25 basis points as expected, but supposedly delivered hawkish forward guidance. Still, the dollar has been…
The Indian market ended weaker on Wednesday, with the Sensex and Nifty edging lower and extending their slide to a fourth session as investors stayed cautious near record levels. The mood on Dalal Street remained guarded ahead of the Reserve Bank of India’s interest-rate decision and policy cues due Friday and as persistent foreign outflows…
DOJ seizes Burma-linked trading domains used for major crypto scam operations. Fraud network tied to Tai Chang compound used fake platforms to lure victims. FBI alerts led to app removals and Meta shutting 2,000+ accounts tied to scams. The United States Justice Department has widened its action against a major scam network in Burma, focusing…
The platform suspends trading across futures and FTX instruments. That followed a cooling issue at a CyrusOne data center. The disruption comes days after CME celebrated a record day for its crypto complex. The Chicago Mercantile Exchange executed an unexpected trading pause on Friday after a CyrusOne data center overheated, sending major services and platforms…
Conventional wisdom tells investors to refrain from timing the markets but there are exceptions to rules. One such exception is hitting the markets in a strong macro cycle, GQuant FinXray founder Shankar Sharma. He goes on to say that was not just critical but essential to investing. “No matter how great a stock picker you…
Bitcoin BTC$83,979.76 sentiment has plunged into extreme pessimism, suggesting a tactical or interim low from which a BTC price bounce is likely, according to analytics firm 10x Research. The firm’s proprietary “Greed & Fear” Index, which measures market sentiment, has crashed to a record low of less than 5 points. Readings below 10% represent extreme…
Japanese Prime Minister Sanae Takaichi’s cabinet approved a multi-billion dollar stimulus package on Friday, delivering on the new leader’s promise to pursue an expansionary fiscal policy. The stimulus, worth JPY 21.3 trillion ($135.40 billion), includes general account outlays of JPY 17.7 trillion, significantly larger than last year’s JPY 13.9 trillion, representing the biggest fiscal bazooka…