Gold prices retreated further on Wednesday due to the robust dollar. The US dollar showed strength from the beginning of the day against its commodity-rival, getting a boost early in the American session from upbeat US data, higher U.S. bond yields and rallying equities. The US Richmond Fed Manufacturing Index showed an improvement to 12 [...]
The US dollar was up against the Japanese yen in today's early trading Asian session. The improvement in strength of the dollar comes amid the rise in the US stocks after favorable earning report from US companies. U.S. stocks has rose to another record high as traders have geared for a string of earnings reports [...]
Bitcoin trades high against the greenback today. As per a recent news, Crypto market intelligence firm Decentrader said that “there are zero instances of Bitcoin breaking significant previous all-time highs and failing to continue higher.” They anticipate the Bitcoin Bull Run to continue with a possible target objective at $72,000 and then $88,000. Last week [...]
Fundamental view: Bitcoin gained against the greenback in this week. Bitcoin price took off as rumors of an ETF approval gained momentum. On October 21, ProShares’ Bitcoin futures ETF (BITO) was debuted on the NYSE. While the regulators had delayed the approval since 2017, things have started to improve considerably in 2021, from real institutional adoption to approval of Bitcoin [...]
