Bitcoin is retesting April levels, falling toward $80,000 amid $2 billion crypto liquidations. Ethereum downtrend accelerates toward $2,500 as institutional investors exit. XRP extends its decline below $2.00, weighed down by decreasing retail demand.
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USD/CHF trades around 0.8070 on Friday, up 0.10% on the day at the time of writing, as the US Dollar (USD) finds moderate support from mixed but generally resilient US data releases. While the pair advances, markets continue to price a higher likelihood of policy easing from the Federal Reserve (Fed) in the coming months. The S&P Global Composite…
Pres. Trump is saying: Ukraine is losing land Russian Pres. Putin does not want to get more land Thursday is an appropriate deadline for Ukraine plan Meanwhile: Ukraine, France, Germany, and UK are reportedly working on a counterproposal to US peace plan. The proposed 28-point peace plan aimed at ending the war in Ukraine was drafted by U.S. special…
Silver (XAG/USD) trims a part of its earlier losses on Friday after marking a fresh weekly low at $48.64. At the time of writing, the metal is trading around $49.69, recovering modestly but still down nearly 1.50% on the day, and remains on track for a weekly decline. From a technical perspective, Silver is flashing early signs of fatigue…
The major European indices are mostly closing lower. The UK FTSE 100 rose by +0.05%. France’s CAC fell by -0.03%. A look at the closing levels shows: German DAX, -0.78% France’s CAC, -0.03% UK’s FTSE 100 +0.05% Spain’s Ibex, -0.99% Italy’s FTSE MIB -0.51%. For the trading week all the major indices fell by 2% or more: German DAX,…
US S&P Global Composite PMI rose to 54.8 in November’s flash estimate from 54.6 in October, showing that the business activity in the US’ private sector continued to expand at an accelerating pace. S&P Global Manufacturing PMI declined to 51.9 from 52.5 in this period, while the Services PMI improved to 55.0 from 54.8. Assessing the survey’s findings, “the…
BOJ’s Masu to Nikkei says: BOJ is close to decision to raise rates Says it’s not good for real interest rates to be deeply negative relationship with the neutral rate of interest rate. Japan’s policy rate is lower than the neutral rate. He says that most countries rates are higher than the neutral interest rate citing the US as…
The Pound Sterling turns positive in the day as traders increase their bets that the Federal Reserve could cut rates at the December meeting. The GBP/USD trades at 1.3082 up 0.08%. Sterling turns positive as improved US sentiment and dovish Fed voices lift December rate-cut expectations The US economic docket revealed that business activity in the US remained solid…
The Atlanta Fed GDPNow growth estimate for Q4 remained at 4.2%. That is still at the highs for the quarter. In their own words The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 4.2 percent on November 21, unchanged from November 19 after rounding. After recent releases from the…
