Tuesday, November 28, 2023
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Bitcoin rally pauses, overall bullish tone persists

The coin rallied despite the delay in the approvals of Hashdex’s and Grayscale’s spot ETF applications Bitcoin saw another solid rally during the previous session to climb back to...

Dollar at the crossroads ahead of inflation report

Weaker-than-expected figures would hurt the currency further and could trigger a deeper retreat The US dollar struggles for direction on Tuesday after the recent slide from the 106.00 figure...

Gold under pressure since the start of the week

The metal could be affected through the dollar’s reaction to the upcoming speech from Powell The price of gold has been sliding for the fourth session in a row...

Dollar lacks recovery momentum

In the near term, the dollar index needs to overcome the 105.55 intermediate hurdle on the way to 106.00 The US dollar keeps recovering this week after an aggressive...

Oil demand muted, market lacks momentum

In part, the bounce in oil prices is due to a weaker dollar that was pressured by a more dovish Fed Oil prices bounced on Thursday after a three-day...

Bitcoin needs sustained impetus

Market participants are wondering whether it’s time to buy bitcoin or more attractive buying opportunities could be expected The price of bitcoin holds relatively steady these days, oscillating around...

Gold continues to target the $2,000 barrier

Should the buck extend the ascent in the near term, gold will struggle to challenge the psychological level Gold bounced aggressively at the end of last week to register...

Dollar trims losses, volatility persists

Despite the recent sell-off, the downside potential looks limited at this stage The dollar tries to bounce after the recent plunge amid a retreat in US Treasury yields from...

Oil buoyed by lower stockpiles and Iran

US crude stockpiles fell by 4.5 million barrels last week after a 10.176-million jump in the prior week The oil market has been in recovery mode these days, extending...

Euro lacks demand to stage recovery

The EURUSD pair is to overcome the descending 20-DMA at this stage in order to see a more pronounced bounce The euro is back under pressure on Tuesday after...