Bitcoin initially fell on Friday, only to turn around and show signs of life again. We are hanging on to the $120,000 level, which of course is a large, round, psychologically significant figure, and an area that a lot of people will be paying close attention to. This is an area that has been important…
Inflationary pressures remain elevated, oil prices are relatively low, and the global economy sputters along. Current developments and energy policy in the US have created an interesting investment case, while the demand from data centers is challenging the supply. Get a shortlist of the best energy stocks to buy now.
Last week maintained the dominant trends seen in recent weeks, with major US stock market indices and precious metals breaking to new record or long-term high prices.
Explore this week’s key market moves in forex, commodities, and crypto. Top levels to watch in gold, EUR/USD, Bitcoin, and more.
The US Dollar spent the week on the back foot, pulling back from last week’s highs and dragging the US Dollar Index (DXY) down toward the 97.50 area, still moving within the broader consolidation that’s been in place since early August.
The US Dollar (USD) gave back the gains it had built up in the last couple of weeks, sliding noticeably over the past five days. Still, the Greenback kept to its familiar consolidative pattern, hovering near the lower end of this year’s range.