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Most Read: US CPI, Fed Decision to Guide US Dollar, Setups on EUR/USD, USD/JPY, GBP/USD The week ahead is likely to bring elevated market volatility, courtesy of impactful and high-risk events on the economic calendar, including US inflation data, UK GDP figures, and significant monetary policy announcements from the FOMC, the Bank of England . . . → Read More: Markets Week Ahead: Gold, EUR/USD, GBP/USD, USD/JPY, US Inflation, Fed, ECB, BoE US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD The U.S. dollar is likely to experience increased volatility this week, with several high-impact events on the economic calendar Market focus will be on U.S. inflation data on Tuesday and the Fed’s monetary policy announcement on Wednesday This article examines the technical outlook for EUR/USD, USD/JPY and . . . → Read More: US CPI, Fed Decision to Guide US Dollar, Setups on EUR/USD, USD/JPY, GBP/USD STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a . . . → Read More: USD/JPY Weekly Forecast: Markets Peel Back Hopes for BoJ Policy Change US NFP AND JOBS REPORT KEY POINTS: The US Added 199,000 Jobs in June, Slightly Above the Forecasted Figure of 180,000. The Unemployment Rate Falls to 3.7%, Remaining within a Range Below the 4% Mark. Average Hourly Earnings Came in at 0.4% MoM with the YoY Print Holding Firm at 4.%. To Learn . . . → Read More: November Jobs Report: Unemployment Falls and NFP Print Beats Forecast, DXY Advances Article by IG Senior Market Analyst Axel Rudolph FTSE100, DAX40, S&P 500 Analysis and Charts ???FTSE 100 grinds higher ?The FTSE 100 once more tries to reach this and last week’s six-week high at 7,543 as traders await US non-farm payrolls data.?The UK blue chip index is being supported by the 55-day simple moving . . . → Read More: ???FTSE 100 Grinds Higher while Dax 40 and S&P 500 Stall Ahead of US Employment Data Gold (XAU/USD) Analysis and Charts Will the US Jobs Report spark another gold price shock? Gold’s daily chart remains positive, for now. DailyFX Economic Calendar Most Read: XAU/USD Breaking News: Gold Reaches an All-Time High Learn How to Trade Gold with our Complimentary Guide Recommended by Nick Cawley . . . → Read More: Gold (XAU/USD) Primed for US NFPs, Is Another Price Shock on the Cards? Japanese GDP and JPY Analysis Japanese Q3 GDP revised lower as inflation weighs on spending Japanese government bond yields recover sharply, buoying the yen Non-farm payrolls could extend recent moves on weaker jobs data The analysis in this article makes use of chart patterns and key support and resistance levels. For more information . . . → Read More: Japanese GDP Strained by Rising Inflation and BoJ Spurs Hawkish Bets AUD/USD ANALYSIS & TALKING POINTS RBA Brischetto lauds Australians, AUD bid. Will NFPs echo recent ADP employment change? AUD/USD patiently awaits NFP data. Elevate your trading skills and gain a competitive edge. Get your hands on the AUSTRALIAN DOLLAR Q4 outlook today for exclusive insights into key market catalysts that should be on . . . → Read More: AUD Forecast: Australian Households Managing Tough Financial Conditions, RBA’s Brischetto GOLD, YIELDS, US DOLLAR, NASDAQ 100 FORECAST Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the November U.S. nonfarm payrolls report, as jobs data can have a direct impact on market pricing of the Fed’s policy path Strong employment growth will be bullish for yields and . . . → Read More: US Jobs Report Preview: What’s Next for Gold, US Dollar, Yields & Nasdaq 100? EUR/USD, EUR/GBP PRICE, CHARTS AND ANALYSIS: Most Read: Oil Price Forecast: $70 a Barrel Holds Firm as China Adds to Demand Concerns EURO GDP REVISION AND FUNDAMENTAL BACKDROP The Euro outlook continues to look bleak despite a resilient day against the Greenback. EUR/GBP as well seems to be setting up for a bounce . . . → Read More: Euro Price Action Setups: EUR/USD, EUR/GBP Post GDP Revision OIL PRICE FORECAST: Oil Fails at the $70 Hurdle Before Sliding Further. President Putin Makes Rare Visit to Middle East as Saudi Arabia and Russia Reiterate Importance of OPEC+ Voluntary Cuts. Chinese Imports and Oil Demand from Refineries Falls. IG Client Sentiment Shows Traders are 87% Net-Long on WTI at Present. To Learn More . . . → Read More: Oil Price Forecast: $70 a Barrel Holds Firm as China Adds to Demand Concerns GOLD PRICE FORECAST Gold prices lack directional conviction ahead of key U.S. jobs data November’s nonfarm payrolls report may offer clues about the health of the economy and thus the Fed’s monetary policy path This article looks at key price levels to watch on XAU/USD in the coming trading sessions Most Read: Crude Oil . . . → Read More: Gold Prices on Edge ahead of Key US Jobs Data, Trade Setups on XAU/USD RAND TALKING POINTS & ANALYSIS Recovering South African current account encouraging for ZAR. NFP to determine short-term guidance. USD/ZAR bears eye rising wedge breakout. Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! . . . → Read More: ZAR Price Update: Rand Capitalizes on Weaker USD Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts ???Dow edges off highs ?The index continues to trim the gains made last week, with Wednesday’s session seeing its largest drop in a month as energy stocks fell sharply thanks to fresh declines in oil prices. . . . → Read More: ????Dow Edges Lower, while Nasdaq 100 and CAC40 Mixed EU GDP and Euro Analysis EU GDP growth rate unchanged compared to Q2 (-0.1%) and stagnant vs Q3 2022 (0%) EUR/USD heads lower as the euro struggles to halt declines across G7 currencies German CPI and US non-farm payroll data to end the week on Friday Growth turned negative in Q3 when compared . . . → Read More: EU Breaking News: EU GDP Revised Lower, Confirming Stagnant Growth Japanese Yen Prices, Charts, and Analysis Learn How to Trade USD/JPY with our Complimentary Guide Recommended by Nick Cawley How to Trade USD/JPY Get My Guide The Japanese Yen is strengthening against a range of currencies today after recent Bank of Japan commentary suggested that the . . . → Read More: Japanese Yen Latest – USD/JPY Posts a Fresh Three-Month Low on BoJ Talk POUND STERLING ANALYSIS & TALKING POINTS UK housing prices provide support for struggling pound. US jobless claims to lay foundation ahead of tomorrow’s NFP report. GBP/USD hesitant ahead of key US data. Elevate your trading skills and gain a competitive edge. Get your hands on the BRITISH POUND Q4 outlook today for exclusive . . . → Read More: GBP Price Forecast: UK House Price Index Rises for 2nd Consecutive Month CRUDE OIL PRICE OUTLOOK Crude oil prices (WTI) plunge into freefall, breaking below the psychological $70.00 level The technical outlook remains bearish for now This article looks at oil’s key price thresholds to watch in the coming days Trade Smarter – Sign up for the DailyFX Newsletter . . . → Read More: Crude Oil Forecast: Prices in Freefall as Pivotal Technical Support Caves In BITCOIN, CRYPTO KEY POINTS: Bitcoin Pauses Just Shy of the $45k Mark with Options Markets Hinting at a Run to $50k and Beyond. Crypto Industry is the Epitome of Resilience, Market Cap Up $750 Billion Since November 2022. Based on the Grayscale Bitcoin Trust’s NAV Discount, Which has Narrowed Dramatically, the Market Assigns a . . . → Read More: Bitcoin (BTC/USD) Price Forecast: On the Way to $50K or Retracement First? GOLD (XAU/USD) PRICE FORECAST: MOST READ: ISM Services Tops Estimates, Job Openings Plunge Weighing on the US Dollar Gold prices recovered late in the day yesterday before continuing to trickle higher today. Looking at the larger timeframes and the price is caught in a range ahead of US jobs data due tomorrow. Supercharge your . . . → Read More: Gold Price Forecast: Gold Rangebound as Indecision Reigns Pre-NFP, Silver Eyes Support Interested in learning how retail positioning can give clues about the short-term trajectory of USD/CAD? Our sentiment guide has all the answers you are looking for. Get a free copy now! USD/CAD Mixed Data provided by of clients are net long. of clients are net short. Change in Longs Shorts . . . → Read More: US Dollar Price Action Setups: USD/CAD Tepid After BoC Decision, USD/JPY Wavers US Stocks (SPX) Analysis S&P 500 struggles to capitalize on gap to the upside despite yields hitting 3-month low SPX nears retest of yearly high but bullish fatigue may delay any such ambitions IG client sentiment mixed despite 65% of traders short this market The analysis in this article makes use of chart . . . → Read More: S&P 500 Eases After Promising Gap Higher at the Open, Yields Hit 3-Month Low British Pound – GBP/USD and EUR/GBP Analysis and Charts ECB may slash rates by 150 basis points next year. US Jobs Report the next GBP/USD driver. For all market-moving economic data and events, see the DailyFX Calendar ?Most Read: Euro (EUR) Latest: Dovish ECB Commentary Weighs on EUR/USD, Yields Slump Interest rates are . . . → Read More: British Pound Latest: Shifting Rate Expectations Move GBP/USD and EUR/GBP Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Russell 2000 – Analysis and Charts ???FTSE 100 resumes ascent ?The FTSE 100 is heading back up towards last week’s six-week high at 7,543 as traders await more data this week to guide the economic and monetary policy outlook.?The index is now . . . → Read More: FTSE 100 Resumes Ascent, Dax 40 Hits Record High and Russell 2000 nears Three-Month Highs USD/JPY News and Analysis BoJ Officials Downplay Imminent Decisions around Policy Pivot Recent comments from Bank of Japan (BoJ) officials have highlighted the uncertainty around when the BoJ will be in a position to withdraw from decades of ultra-loose monetary policy despite inflation breaching the 2% target for over a year now. BoJ . . . → Read More: Yen Price Update: Officials Mum on Policy Overhaul, USD/JPY Consolidates US DOLLAR FORECAST – USD/JPY, GBP/USD, AUD/USD The U.S. dollar extends its advance despite the pullback in U.S. Treasury yields Attention will be on the November U.S. employment report later this week This article focuses on the technical outlook for USD/JPY, GBP/USD and AUD/USD, taking into account recent price action as well as prevailing . . . → Read More: US Dollar Setups: USD/JPY Gains as GBP/USD Trends Lower, AUD/USD Hammered US ISM SERVICES KEY POINTS: Recommended by Zain Vawda Introduction to Forex News Trading Get My Guide US ISM services PMI remained robust in November, topping estimates coming in at 52.7 in November 2023 from 51.8 in October. Activity in the services sector has now expanded for . . . → Read More: ISM Services Tops Estimates, Job Openings Plunge Weighing on the US Dollar Brent Crude Oil News and Analysis Oil unable to arrest the decline despite imminent SPR purchases Saudi Arabia issues support for additional supply cuts and a slow withdrawal of the policy to keep prices stabilized The analysis in this article makes use of chart patterns and key support and resistance levels. For more . . . → Read More: Oil Struggles to Reverse Course as US Production Hits Record Levels EUR/USD Forecast – Prices, Charts, and Analysis ECB’s Isabel Schnabel – ‘inflation developments have been encouraging’. The single currency remains under pressure as rate-cut expectations grow. Learn How to Trade EUR/USD with our Complimentary Guide Recommended by Nick Cawley How to Trade EUR/USD Get My Guide Most . . . → Read More: Euro (EUR) Latest: Dovish ECB Commentary Weighs on EUR/USD, Yields Slump Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq, Hang Seng – Analysis and Charts ???Dow consolidates after surge ?Last week saw the index surge to its highest level since January 2022.?A 12% gain in the space of a month does arguably leave the index looking vulnerable in the short-term, though . . . → Read More: Dow Holds Gains while Nasdaq 100 Slips Lower and Hang Seng Slumps to One-Year Low OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices struggled for the majority of the day before finding some joy in the US session. The question is whether there is enough optimism among market participants to inspire a recovery in price? . . . → Read More: Oil Price Forecast: WTI Prints Double Bottom Pattern. Recovery Incoming? Euro Analysis (EUR/USD, EUR/GBP) EUR/USD Reverses Course but Immediate Support Provides the Next Test The Euro has come under pressure and has depreciated against a number of major FX currencies. The European outlook is fraught with difficulties as the global growth slowdown has had a major impact across the bloc, including Germany, Europe’s largest . . . → Read More: Euro Update: EUR/USD Meets Support, While EUR/GBP Looks to Halt Major Sell-off USD/CAD ANLAYSIS & TALKING POINTS Souring risk sentiment leaves CAD on the backfoot this Monday morning. BoC unlikely to bolster CAD. USD/CAD hesitates at 1.35. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the latest market moving events! . . . → Read More: CAD Price Forecast: Loonie Stalls Ahead of BoC Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 – Analysis and Charts Recommended by IG Top Trading Lessons Get My Guide ???FTSE 100 comes off six-week high ?The FTSE 100 is seen coming off last week’s six-week high at 7,543 as . . . → Read More: FTSE 100 Stalls While Dax 40, S&P 500 Near July Highs??? Bitcoin (BTC) Prices, Charts, and Analysis: Bitcoin (BTC) eyes resistance at $43k. Spot ETF narrative continues to drive Bitcoin and Ethereum, Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Get My Guide Bitcoin and Ethereum both took a significant leg higher over the . . . → Read More: Bitcoin (BTC), Ethereum (ETH) Surge to Fresh 18-Month Highs Most Read: US Dollar’s Path Linked to US Jobs Report, Setups on EUR/USD, USD/JPY, GBP/USD Volatility spiked across many assets last week, producing notable breakouts and breakdowns in the process. First off, U.S. Treasury yields plummeted across the board, with the 2-year yield sinking below its 200-day simple moving average and reaching its lowest . . . → Read More: Markets Week Ahead: Gold in Record Zone as Dow Breaks Out; EUR/USD, USD/JPY Eye NFP US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USD The U.S. dollar has fallen sharply in recent weeks The greenback’s bearish correction may extend if November U.S. job data surprises to the downside This article examines the technical outlook for the major U.S. dollar pairs, analyzing critical price levels that could be relevant for EUR/USD, USD/JPY . . . → Read More: US Dollar’s Trend Hinges on US Jobs Data, Setups on EUR/USD, USD/JPY, GBP/USD CRUDE OIL ANALYSIS & TALKING POINTS OPEC+ decision to extend cuts unable to bolster crude oil prices. Potential USD rebound may hinder crude oil bulls. Bearish signals could see crude oil prices breakdown further. Elevate your trading skills and gain a competitive edge. Get your hands on the CRUDE OIL Q4 outlook today . . . → Read More: Oil Weekly Forecast: Crude Oil Markets Dissatisfied by OPEC+ GOLD OUTLOOK & ANALYSIS Fed Chair Powell ramps up dovish bets. US ISM services PMI and NFP under the spotlight next week. Overbought gold could be heading lower next week. Elevate your trading skills and gain a competitive edge. Get your hands on the Gold Q4 outlook today for exclusive insights into key . . . → Read More: Gold Weekly Forecast: XAU Eyes NFP After Powell EUR/USD, PRICE FORECAST: MOST READ: Oil Price Forecast: WTI Slips as OPEC+ Voluntary Cuts Fail to Convince The Euro continued its slide today falling toward the 1.0850 as the DXX continued its advance in the European and early parts of the US session. The US Dollar for its part appears to be benefitting following . . . → Read More: EUR/USD Price Forecast: EUR/USD Prints Fresh Weekly with 200-Day MA in Sight Gold (XAU/USD) Price, Analysis and Charts Gold hesitates at $2,050/oz. but the outlook remains positive. Fed Chair Powell speaks later in the session. Recommended by Nick Cawley How to Trade Gold Get My Guide DailyFX Economic Calendar Most Read: Gold and Silver Continue to Rally as . . . → Read More: Gold (XAU/USD) Rejects $2,050/oz. Ahead of Fed Chair Powell’s Thoughts Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts ???FTSE 100 ends the month in positive territory ?The FTSE 100 slid to 7,383 on Thursday before reversing to the upside as inflation continues to weaken in the eurozone. ?The 55-day simple moving average (SMA) at . . . → Read More: FTSE 100, Dax 40 and S&P 500 Remain Bid as Inflation Slows USD/CAD ANLAYSIS & TALKING POINTS OPEC+ production cuts keep CAD elevated. Canadian jobs report, ISM manufacturing PMI and Fed speak under the spotlight later today. Falling wedge support break under threat. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the latest . . . → Read More: CAD Price Forecast: Loonie Susceptible to Canadian Jobs Report & Fed Chair Powell FORECAST – GOLD PRICES, NASDAQ 100, USD/JPY Gold prices and the Nasdaq 100 slide after failing to clear technical resistance Fed Chair Powell’s speech on Friday will steal the limelight and could be a source of market volatility This article examines the technical outlook for gold prices, the Nasdaq 100 and USD/JPY, analyzing the . . . → Read More: Gold Prices, Nasdaq 100 Rejected at Resistance, USD/JPY Flies Ahead of Powell OIL PRICE FORECAST: Oil Failed at the 200-Day MA as the Technical and Fundamental Factors Weighed on the Price. OPEC+ Announce 2 Million bpd Cuts for Q1 2024 but it Appears Markets Expected More. Will the Bulls Recover or is a Retest of $70 a Barrel on the Cards? To Learn More About Price . . . → Read More: Oil Price Forecast: WTI Slips as OPEC+ Voluntary Cuts Fail to Convince US DOLLAR FORECAST – EUR/USD, GBP/USD The U.S. dollar extends its recovery as U.S. yields push higher Powell’s speech on Friday will take center stage This article looks at key tech levels to watch on EUR/USD and GBP/USD Trade Smarter – Sign up for the DailyFX Newsletter . . . → Read More: US Dollar Up but Bearish Risks Grow, Setups on EUR/USD, GBP/USD Before Powell Japanese Yen (USD/JPY) Analysis and Charts USD/JPY ticks up as November bows out A BoJ official has cast doubt on any near-term monetary alteration The USD, meanwhile, has been boosted by stronger US growth data The Japanese Yen slipped a little against the United States Dollar on Thursday, with the possibility of tighter Japanese . . . → Read More: Japanese Yen Returns Some Gains After Adachi Comments Suggest No BOJ Shift US Core PCE Key Points: MOST READ: Oil Price Forecast: WTI Faces Technical Hurdles as OPEC+ Rumors Swirl Elevate your trading skills and gain a competitive edge. Get your hands on the News Trading Guide today for exclusive insights on how to navigate news events. Recommended by Zain Vawda . . . → Read More: US Consumer Spending Eases but the US Dollar Index (DXY) Continues to Advance Gold (XAU/USD) Analysis After a hot growth print for Q3, gold appears more subdued but PCE may reignite the bull run Gold threatens to test all-time-high of $2081 should $2050 hold this week US exceptionalism at risk as economic fortunes sour in the US (sentiment and hard data) The analysis in this article . . . → Read More: Gold Price Update: Pullback in Question Ahead of US PCE Data EUR/USD Forecast – Prices, Charts, and Analysis Recommended by Nick Cawley Introduction to Forex News Trading Get My Guide Most Read: Euro (EUR) Forecast: EYR/USD and EUR/GBP Week Ahead Outlooks Inflation in the Euro Area continue to fall with the latest reading showing a showing downturn . . . → Read More: Euro Area Inflation Falls Sharply, EUR/USD Slips on Heightened ECB Rate Cuts Expectations Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 10, Nikkei 225 – Prices, Charts, and Analysis ???Dow on the up once more ?The rally has recovered this week, canceling out expectations of at least a short-term pullback.?The July highs at 35,690 are now just a short distance away, and a . . . → Read More: Dow, Nasdaq 100 and Nikkei 225 Look for Further Gains???? POUND STERLING ANALYSIS & TALKING POINTS Dovish Fed narrative holds strong in support of sterling. US core PCE price index under the spotlight later today. GBP/USD uncertain at overbought levels. Elevate your trading skills and gain a competitive edge. Get your hands on the BRITISH POUND Q4 outlook today for exclusive insights into key . . . → Read More: GBP Price Forecast: Pound Being Dictated to by US Economy OIL PRICE FORECAST: Oil Continues to Advance as Market Participants Eye Further Cuts by OPEC+. Rumors Suggest That There is Still Disagreements Regarding 2024 Quotas Within OPEC+. WTI Faces Technical Hurdles While Retail Traders are Overwhelming long on WTI at Present. To Learn More About Price Action, Chart Patterns and Moving Averages, Check out . . . → Read More: Oil Price Forecast: WTI Faces Technical Hurdles as OPEC+ Rumors Swirl For a comprehensive assessment of the Japanese yen’s medium-term outlook, make sure to download our technical and fundamental forecast! Recommended by Diego Colman Get Your Free JPY Forecast Get My Guide USD/JPY TECHNICAL ANALYSIS While USD/JPY has been on a major bullish run since the beginning of . . . → Read More: US Dollar on Bearish Path – Technical Setups on USD/JPY, USD/CAD, AUD/USD US GDP KEY POINTS: MOST READ: Bitcoin (BTC/USD) Holds the High Ground as Binance Deals with Client Exodus Elevate your trading skills and gain a competitive edge. Get your hands on theUS DollarQ4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by . . . → Read More: US Q3 GDP Revised Up To 5.2% as Gold Remains Unfazed, DXY Bounces Every day this week we’re highlighting one genuine, no bullsh*t, hype free use case for AI in crypto. Today it’s the potential for using AI for smart contract auditing and cybersecurity, we’re so near and yet so far. AI artwork for the ChatGPT written TurboToad memecoin. (Twitter) One of the big use cases . . . → Read More: Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100-million hack on Nov. 10. Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 2:00 am UTC. The crypto exchange stressed that it will . . . → Read More: Poloniex prepares to resume withdrawals after $100M hack A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP). Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the ICP and taps into its native Bitcoin integration to . . . → Read More: Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion German CPI, Euro News and Analysis German disinflation marches on – prices rise at a slower rate in November Upward revision to US Q3 GDP upstages the CPI data EU Inflation data out tomorrow and is expected to reveal further progress Inflation in Germany dropped to 3.2% compared to November 2022 and represented . . . → Read More: EU Breaking News: German Inflation Drops as Disinflationary Trend Continues Spanish financial services giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH). On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a new Bitcoin and Ether trading service for clients with Swiss accounts. A Santander spokesperson told . . . → Read More: Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey is backing a new BTC mining pool to help miners regain control of block rewards and transaction fees. Dorsey has led a $6.2 million seed round for Mummolin, the parent company of the new decentralization Bitcoin mining pool called Ocean, according to an . . . → Read More: Jack Dorsey wants to decentralize Bitcoin mining with new investment British Pound: GBP/USD Charts and Analysis US rate expectations now point to a 25bp rate cut in May and a total of 125bps in 2024. US GDP and inflation data will be the key drivers of short-term momentum. Recommended by Nick Cawley How to Trade GBP/USD Get . . . → Read More: British Pound Latest: GBP/USD Consolidates After Latest Surge Higher FTSE 100, DAX 40, Russell 2000 – Analysis and Charts ???FTSE 100 remains under pressure ?The FTSE 100 slid to 7,402 on Tuesday despite stocks like Rolls-Royce rising by +6.2% after setting more ambitious targets for cash flow and return on capital by 2027. ?Together with the October-to-November uptrend channel support line at 7,400, . . . → Read More: While the FTSE 100 and Russell 2000 Struggle, the DAX 40 Ploughs Ahead An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. . . . → Read More: Ethereum donations top Save the Children HODL Hope Campaign Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov. 28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive . . . → Read More: Interactive Brokers opens Hong Kong retail crypto trading with OSL USD/JPY News and Analysis Japanese gauge of widespread inflation rises at its fastest pace since 2001 USD/JPY heads lower as the dollar slides further JPY remains heavily net-short (large speculators) but not as short as last week The analysis in this article makes use of chart patterns and key support and resistance levels. . . . → Read More: USD/JPY Update: Gauge of Widespread Inflation Hits 2001 Levels Bitcoin (BTC) may suffer when the United States approves the first spot exchange-traded fund (ETF), a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval: Retail . . . → Read More: ‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI . . . → Read More: Real AI use cases in crypto, No. 2: AIs can run DAOs GOLD OUTLOOK & ANALYSIS Falling real yields make gold more attractive to investors. US economy in focus later today. Bearish/negative divergence on daily gold chart could bring bears back into the picture. Elevate your trading skills and gain a competitive edge. Get your hands on the GOLD Q4 outlook today for exclusive insights . . . → Read More: XAU/USD Price Forecast: Are Gold Prices Jumping the Gun? Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According . . . → Read More: Bitcoin mining firm Phoenix Group delays share listing Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the . . . → Read More: Why Binance’s US plea deal could be positive for crypto adoption Oil Analysis, Prices, and Charts The virtual OPEC+ meeting starts on Thursday and may prove fractious. Oil prices are set to tread water ahead of any announcements. Download our complimentary guide on How to Trade Oil Recommended by Nick Cawley How to Trade Oil Get My Guide . . . → Read More: Oil Latest – Traders on the Sidelines as OPEC+ Meeting Nears Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees artificial intelligence (AI) could pose to humanity has attracted many fiery responses from AI and blockchain community members. On Nov. 27, Buterin published a blog post titled My techno-optimism, which discussed how AI is “fundamentally different” from other inventions like guns, airplanes, and . . . → Read More: Vitalik Buterin thinks AI may surpass humans, community responds Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin’s historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago . . . → Read More: 11th anniversary of Bitcoin’s first halving: From $12 to $37,000 EUR/USD Analysis EUR/USD finds resistance at significant Fibonacci level – EU and US inflation data to guide shorter-term price action later in the week Disinflation in Europe could lead the way for developed economies The analysis in this article makes use of chart patterns and key support and resistance levels. For more information . . . → Read More: EUR/USD Price Outlook: High Impact EU, US Inflation Data to Guide Price Action Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 – Analysis and Charts ???Dow rally sees slower going ?The rally has slowed in recent days, though sellers have been unable to establish control even in the short-term timeframes.?Further gains continue to target the summer 2023 highs above 35,600, . . . → Read More: Dow, Nasdaq 100 and Nikkei 225 see Bullish Momentum Fade after Month-Long Surge Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether’s performance comes as the broader cryptocurrency market sentiment deteriorates. It’s possible that recent developments, such as the United States Department of Justice (DOJ) signaling . . . → Read More: Ethereum price falls as regulatory worries and pause in DApp use impact investor sentiment Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27. However, lower levels are . . . → Read More: Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK Oil (Brent, WTI) News and Analysis Delayed OPEC+ meeting to take place on Thursday at 13:00 GMT – individual quotas and supply cuts remain central to the meeting Brent crude prices head lower after notable rejection at the intersection of the crucial $82 level and the 200 SMA WTI flat ahead of OPEC . . . → Read More: Brent, WTI Oil Prices Await OPEC Supply Cut Quotas for 2024 GBP/USD Analysis and Charts BoE governor Bailey warns on UK inflation and growth. Sterling remains underpinned as rate cut hopes are pushed back. For all market-moving economic data and events, see the DailyFX Calendar ?Most Read: British Pound Latest – GBP/USD Boosted by Positive PMI Data Recommended by Nick Cawley . . . → Read More: British Pound Latest: GBP/USD Remains Supported, BoE Warn on Inflation For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens. “Those are just fundamental buzzwords,” explains Near blockchain founder Illia . . . → Read More: Real AI use cases in crypto, No. 1: The best money for AI is crypto Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said. Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license, the HKVAEX representative claimed the crypto exchange has yet to submit an . . . → Read More: Binance-linked HKVAEX still preparing to apply for license in Hong Kong Gold (XAU/USD) and Silver (XAG/USD) Analysis and Charts Gold breaks higher, resistance yields. Silver rallies by 2% and outperforms gold. DailyFX Economic Calendar Most Read: Gold (XAU/USD) Price Setting Up for a Re-Test of Multi-Month Highs The US dollar is moving back to lows last seen in late August and this is giving . . . → Read More: Gold (XAU/USD) and Silver (XAG/USD) Continue to Rally as Buyers Take Charge Bitcoin (BTC) starts a new week keeping traders guessing near its highest levels in 18 months — what’s next? BTC price action has held higher after spiking above $38,000 last week, but since then, a testing “micro-range” has left bulls and bears locked in battle. Whether a deeper retracement will come or a trip . . . → Read More: BTC price eyes $40K amid record hash rate — 5 things to know in Bitcoin this week Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X . . . → Read More: Bankless controversy forces founders to burn tokens and separate from DAO The cryptocurrency mining company Hive Digital Technologies has revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden. On Nov. 27, the company announced that it entered a property transfer agreement with Turis AB to take over the property of a data center . . . → Read More: Crypto miner Hive expands data center operations in Sweden Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 – Analysis and Charts ???FTSE 100 remains side-lined ?Last week the FTSE 100 traded sideways below the 55-day simple moving average (SMA) at 7,505, and this week is expected to continue to do so, at least for a few more . . . → Read More: FTSE 100, DAX 40 and S&P 500 Begin the Week on a Quiet Note Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold and silver as inflation threatens to worsen living standards globally. The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. . . . → Read More: Robert Kiyosaki recommends Bitcoin, gold, silver investments ‘before it’s too late’ USD/JPY ANALYSIS & TALKING POINTS Japanese inflation keeps pressure on BoJ to shift policy. Strong emphasis on US economic data that includes core PCE. Upside risks remain despite solid start to the week for the yen. Supercharge your trading prowess with an in-depth analysis of the Japanese Yen outlook, offering insights from both . . . → Read More: USD/JPY Weekly Forecast: BoJ Policy Change Reinforced by Japanese CPI To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks. For an effective traversal of the crypto landscape, investors should follow key steps, including choosing . . . → Read More: How to buy Bitcoin and Ethereum in the UK Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags Markets remain risk-on with a range of US equity markets posting fresh multi-month highs. The VIX ‘fear gauge’ is at lows last seen at the start of 2020 and has fallen in excess of 46% from its late-October spike high. The growing feeling . . . → Read More: Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism. BTC/USD 1-hour chart. Source: TradingView Bitcoin buyers give bears no room for maneuver Data from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bitcoin, with classic volatility yet to hit as the weekly . . . → Read More: Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K Top Stories This Week US officials announce $4.3B settlement with Binance, plea deal with CZ Binance and its co-founder, Changpeng “CZ” Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General . . . → Read More: BlackRock meets with SEC over ETF, Binance’s new era begins and SBF loses release bid: Hodler’s Digest, Nov. 19-25 BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes shared his thoughts on X Alongside a chart depicting net reverse repurchase agreement (RRP) and treasury general account (TGA) balance changes, Hayes referred to United States Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In the X post, Hayes encouraged fellow Bitcoin enthusiasts to . . . → Read More: BitMEX co-founder predicts Bitcoin surge amid dollar liquidity rise Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new network poses significant security . . . → Read More: Blast network hits $400M TVL, rebuts claim that it’s too centralized Final Fantasy game developer Square Enix has announced auction dates for its upcoming Symbiogenesis nonfungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auctioned from Nov. 27 to 28, the second from Nov. 30 to Dec. 4, . . . → Read More: Square Enix announces auction dates for Symbiogenesis NFTs Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick up in early 2024. The . . . → Read More: Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX Bitcoin (BTC) buyers should enjoy the chance to add to their stack below $40,000, says one of the crypto industry’s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the stock-to-flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is . . . → Read More: ‘Enjoy sub-$40K Bitcoin’ — PlanB stresses $100K average BTC price from 2024 US PMI KEY POINTS: S&P Global Composite PMI Flash (Nov) Actual 50.7 Vs Previous 50.7. S&P Global Manufacturing PMI Flash (Nov) Actual 49.4 Vs Forecast 49.8. S&P Global Services PMI Flash (Nov) Actual 50.8 Vs Forecast 50.4. Employment Declined at US Service Providers and Manufacturers in November for the First Time Since Mid-2020 Amid . . . → Read More: US Dollar Index (DXY) Unfazed as Business Activity in the US Held Firm Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications. A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is committed to transparently sharing information following a FOIL . . . → Read More: Tether, Bitfinex agree to drop opposition to FOIL request |
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