News with the tag "economic indicators"

In a surprising turn of events, the Australian Dollar (AUD) is showing remarkable resilience in the Forex market! Despite recent domestic economic data and global uncertainties, the Aussie Dollar has perked up. What’s fueling this surge? Optimism around a potential trade deal between the US and Chin...

In the ever-dynamic world of Forex trading, the US Dollar finds itself at a crucial juncture. Like a ship pausing before setting sail, the Greenback is currently in a holding pattern, hovering around the 106.00 mark on the Dollar Index (DXY). Traders are on tenterhooks, eagerly anticipating a fresh ...

Navigating the volatile world of cryptocurrency also means keeping a close watch on traditional markets, especially Forex. Today, all eyes are on the US Dollar as it consolidates recent losses. The crypto market often mirrors movements in traditional finance, and understanding the forces shaping the...

Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession may ...

Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession...

Popular crypto analyst Benjamin Cowen thinks macroeconomic indicators suggest altcoins will chip away against Bitcoin’s (BTC) dominance in the coming months. In a new YouTube video, Cowen points his 807,000 subscribers to the Sahm Rule Recession Indicator, which tracks signals that could indicate th...

Bitcoin is back above the $61,000 mark following a weaker-than-expected U.S. jobs report, which weakened the dollar.

Bitcoin and ether have both rallied back above the $59,000 and $3,000 marks, respectively, according to The Block's Prices Page.

Bitcoin's price increased back above the $58,000 mark on Wednesday after the Fed kept interest rates at their current level on Wednesday.

Bitcoin long liquidations spiked above $145 million in the past 24 hours as the price dropped to a multi-month low.