The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from Bitcoin pro traders, but there’s a positive spin to the data. Bitcoin price at Coinbase, USD. Source:
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What you need to know on Wednesday, February 2: The greenback remained on the backfoot on Tuesday, although losses were limited across the FX board. The EUR/USD pair is ending the day pretty much unchanged in the 1.1240/50 area after dismal EU data put a cap to the shared currency. GBP/USD shrugged off UK’s political
US construction spending for December 2021 Construction spending 0.2% versus 0.7% estimate. Prior month 0.7% revised to 1.0% year on year gain in construction spending is 9.0% value of construction in 2021 was $1589.0 billion which is 8.2% above the $1469.2 billion spent in 2020 private construction rose 0.7% residential construction rose 1.1% nonresidential construction
Dollar drops broadly today in rather mixed markets. Firmer risk sentiment might be a factor. Yet, Swiss Franc is currently the strongest, followed by Kiwi and then Aussie. Yen is also just steadily mixed. On the other hand, Canadian Dollar is also weak, without much support from stronger than expected GDP data. Euro is also
EURUSD moves above its 200 hour moving average The EURUSD is up for the third consecutive day after bottoming at 1.11207 on Friday. That low on Friday took the price to the lowest level since June 2020. After a modest gain on Friday, the price started to gain more upside momentum during yesterday’s trade. Yesterday,
New Delhi: Gold in the national capital on Tuesday rallied Rs 333 to Rs 47,844 per 10 grams in line with firm global trends along with rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,511 per 10 grams. The rupee dipped 14 paise to close at 74.79
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean. Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are
In this article XOM A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil’s revenue jumped more than 80% year over year during the fourth quarter amid a rebound in oil and gas prices, the company said Tuesday. With Exxon now in a stronger financial position, the company said
The Reserve Bank of Australia (RBA) ended QE but sounded patient on rate increases. The muted impact on AUD/USD is another indication that rate differentials are a secondary driver for the pair, according to economists at ING who expect the aussie to be capped at the 0.71/72 area. A patient RBA remains a secondary driver
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Japan’s Masato Kanda is out with some comments on the yen to Reuters: There are both positive and negative effects of wa weak yen, it’s hard to say which is bigger Weak yen pushed up the import cost of energy and food, increasing household burdens The value of a weak yen for exporters isn’t as
The markets are generally steady in Asian session. Dollar is paring some recent gains while Yen and Swiss Franc soften. Trading in Asia would likely be subdue for the next few days on Lunar New Year holidays. But volatility is anticipated in the week as a whole considering the massive amount of key events featured,
Crude oil cannot stay below its 100H MA The price of WTI crude oil futures are settling at $88.15. That is up $1.33 or 1.53%. The high price today reached $88.23. The low price extended to $86.38. Looking at the hourly chart, the price tried to dip below its 100 hour moving average (blue line
TOKYO: Oil prices edged higher on Tuesday, trading near seven-year highs hit last week, as investors bet supplies will stay tight, with a limited production hike by major oil producers and a strong post-pandemic recovery in fuel demand. Brent crude for April delivery was up 14 cents, or 0.2% at $89.40 a barrel at 0150
In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world’s total emissions of 49,360 Mts of CO2 in
Silver is flat after reaching a week of losses, though as the New York session end approaches, silver is flat. The US 10-year T-bond yield is flat at 1.777%, despite Fed policymakers piling to raise rates in March. XAG/USD Technical Outlook: Downward biased, but upside risks remain, as shown by the bullish harami. Silver (XAG/USD)