Bitcoin (BTC) Plunges on Tesla Bitcoin Suspension, AUD/USD Spars USD Strength
Bitcoin plunged after Tesla CEO Elon Musk announced that the company is suspending the acceptance of Bitcoin for purchases. Meanwhile, AUD/USD struggles against a sharply strong US Dollar.
Ethereum (ETH) Continues to Outshine Bitcoin (BTC) Performance
Ethereum price action has edged lower with other major cryptocurrencies like Bitcoin, but Ethereum continues to dominate the broader crypto space as highlighted by the ETH/BTC ratio.
Gold Price Forecast: Can Gold Stage a Major Breakout?
Gold has rallied to the topside of its downtrend and white-hot inflation data could help spur the precious yellow metal higher. Can gold stage a breakout to snap its 8-month downtrend?
Gold Price Forecast: Can Gold Stage a Major Breakout?
Gold has rallied to the topside of its downtrend and white-hot inflation data could help spur the precious yellow metal higher. Can gold stage a breakout to snap its 8-month downtrend?
AUD/USD Pullback Eyes 50-Day SMA as Bearish Price Series Emerges
The decline from the monthly high (0.7891) has push AUD/USD towards the 50-Day SMA (0.7708) as the exchange rate carves a series of lower highs and lows.
Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears
The Nasdaq is extending its slide and leading the broader stock market lower as bond yields turn sharply higher in response to red-hot inflation data and fears of an expedited Fed taper timeline.
EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP
The recent rally in EUR/USD appears to have stalled ahead of the February high (1.2243) as the exchange rate snaps the series of higher highs and lows from last week.
US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
The US Dollar is ripping sharply higher in response to red-hot inflation data just crossing market wires. Headline and core CPI came in at 4.2% and 3.0%, which could up the ante for Fed taper talks.
Elon Musk Hints at Tesla DOGE Alliance but Lands Short of the Moon
Elon Musk’s latest Dogecoin tweet spurs volatility amid speculation that Tesla may adopt Dogecoin as another method of payment
US Dollar (DXY) Forecast - US CPI and UST 10-Year Sale Hold Sway Over the USD
The latest look at US inflation today is followed by a hefty 10-year US Treasury auction, adding fuel to an already volatile session.