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Bitcoin trades above $90,000 for the first time. It broke the 80,000 level on Monday

November 12, 2024

The price of bitcoin has reached $90,000 level for the first time. The high price just reached $90,016, but has backed off and trades and …

Cryptocurrency

Steady buying in US trade: Bitcoin makes another bid for $90,000

November 12, 2024

Over the pas two weeks, the big numbers have been falling like dominoes. Another one is teed up now as bitcoin trades up $1600 to …

Central Banks

Fed’s Kashkari: The fundamentals seems strong and I’m optimistic that will continue

November 12, 2024

Comments from the Minneapolis Fed President in conversation with Yahoo Finance. Contacts are optimistic We have to wait and see what the new government policies …

Technical Analysis

USDCHF extends above the 200 day MA

November 12, 2024

The USDCHF has moved up to a high of 0.88357. That is just short of a high swing area on the daily chart above at …

Technical Analysis

US 10 year yield looks to close at the highest level since July 1

November 12, 2024

The high yield close for the 10-year note last week reached 4.433%. The current yield is currently at 4.4315%, up 12.3 basis points. A close …

Technical Analysis

USDJPY trades above last week’s high

November 12, 2024

The USDJPY is extending to a new session high after testing is 61.8% retracement earlier in the day at 153.397 and finding willing buyers. The …

Technical Analysis

GBPUSD stretches toward 61.8% retracement

November 12, 2024

The USD is moving higher. The EURUSD is against the 2024 low at 1.0600. The USDJPY is trading to new highs and has entered into …

Central Banks

New York Fed: 1-year inflation expectations 2.9% versus 3.0% last month

November 12, 2024

One year inflation expectations 2.9% versus 3.0% last month. That is the lowest in four years Three-year inflation expectations 2.5% versus 2.7% last month Five-year …

Technical Analysis

EURUSD pushes against the 2024 low at1 1.0601

November 12, 2024

The EURUSD is pushing against its 2024 low at 1.0601. A break below that level would open the door for further downside momentum. A move …

Technical Analysis

AUDUSD falls to swing area low target ahead of the extreme low from last week. What next?

November 12, 2024

The AUDUSD has moved lower to a swing area low at 0.65357. The high of the swing area comes in at 0.65537. It would take …

Central Banks

Fed’s Barkin: Fed in position to respond appropriately regardless of how economy evolves

November 12, 2024

Richmond Fed Pres. parking is speaking and says: Fed is in position to respond appropriately regardless of how economy involves. US economy looks pretty good …