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Bitcoin re-takes $100,000 with a 3% gain

December 11, 2024

The battle over $100,000 continues for bitcoin. Sellers took over yesterday on (irrational?) fears of a quantum computing breakthough that could crack bitcoin’s encryption in …

Central Banks

Bank of Canada interest rate statement and press conference opening statement

December 11, 2024

Below is the full text of the Bank of Canada interest rate statement: The Bank of Canada today reduced its target for the overnight rate …

Central Banks

Bank of Canada rate decision: 50 basis point rate cut

December 11, 2024

Prior rate was 3.75% after 50 bps on October 23 This is the fifth consecutive rate cut Economists widely expected a 50 basis point rate …

Technical Analysis

Bank of Canada interest rate decision ahead. What to look for technically.

December 11, 2024

The Bank of Canada interest rate decision will be announced at 9:45 AM with the expectations of a 50 basis point cut in rates. Adam …

Technical Analysis

Kickstart the trading day with a technical look at 3 major currency pairs

December 11, 2024

As the North American session begins, the US indices in pre-market are modestly higher led by the Nasdaq. Dow up 7 pioint S&P up 8.59 …

Technical Analysis

NZDUSD Technical Analysis – The price is at the 2023 low ahead of the US CPI

December 11, 2024

Fundamental Overview The US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached …

Technical Analysis

EURUSD Technical Analysis – The US CPI should get us out of the range

December 11, 2024

Fundamental Overview The US Dollar continues to consolidate around the highs although it’s stronger against the commodity currencies. In the bigger picture, the market reached …

Central Banks

BOJ reportedly sees little cost to waiting for next rate hike

December 11, 2024

Bloomberg is reporting that the Japanese central bank is seeing little cost to waiting for the next rate hike. The report does note that some …

Central Banks

RBA’s Hauser: There is no particular trigger figure for inflation for us to ease policy

December 11, 2024

The data needs to come in line with our forecasts to change policy He’s not beating the allegations here that they still might move in …

Technical Analysis

Bitcoin price prediction based on our AI

December 11, 2024

Bitcoin Futures Analysis: AI-Powered Insights for Investors and Traders Bitcoin futures continue to attract significant attention as traders navigate key levels and market shifts. In …

Technical Analysis

Gold Technical Analysis – It’s an important day for gold bulls

December 11, 2024

Fundamental Overview Gold broke out of the consolidation and rallied into an important resistance around the 2700 level. In the bigger picture, the trend remains …