Crypto Market Liquidations Top $330 Million in 24 Hours, Led by Ethereum As Bitcoin and Ethereum prices surged toward new all-time highs, short-term traders have borne the brunt of liquidations. In the past day alone, over $330 million was liquidated from the crypto market, primarily affecting short traders who anticipated a price decline. **Over 78,000 Traders...
Nvidia Reports on the Horizon, Wall Street Gains Pre-Bell; Asian and European Markets Up Wall Street futures indicated a slight rise pre-bell Monday as traders processed the final stages of the earnings season. Nvidia ( NASDAQ:NVDA ) is scheduled to announce its earnings after the market closes on Wednesday. This week will also see financial results from...
Gold Eases from Record Highs as Profit-Taking Kicks In "Gold's key role is to offset risk, whether financial, geopolitical, or volatility-related. That is not new, but sentiment has now realized it." Geopolitical events and lower interest rates make non-yielding gold an appealing investment. Recent data suggest that U.S. inflation has resumed its downward...
SP500 Index Forecast The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond. The bearish scenario will be activated if the price breaks below 5281 and 5266. Pivot Line: 5313 Resistance Levels: 5325, 5340,...
USNAS100 New Forecast The price remains under bullish pressure, aiming for further gains to record a new all-time high. As long as it trades above 18650, the bullish trend is expected to continue towards 18790, 18950, and 19100. However, if the price reverses and stabilizes below 18600, it indicates a correction down to 18435. pivot line: 18655 Resistance...
The Crypto Market Up Today! The crypto market is experiencing an upward trend due to several key factors: Increased Inflows into Spot Bitcoin ETFs: There has been a significant increase in investments in U.S. spot Bitcoin exchange-traded funds. As of May 16, these funds manage approximately $12.40 billion in BTC, up from $11.18 billion at the beginning of the...
Bitcoin Liquidates $85M in Shorts, Eyeing $100K Price Target Bitcoin saw a significant surge leading up to the previous daily close, with substantial buy liquidity driving the market close to $72,000. This rally resulted in the liquidation of $85 million in BTC shorts within the past 24 hours, according to data from CoinGlass. Statistician Willy Woo...
Nikkei Rises 0.7%, Driven by Banks and Energy Stocks Japanese stocks closed higher, with gains led by the banking and energy sectors, as the 10-year Japanese government bond (JGB) yield hit an 11-year high. Mizuho Financial Group rose 3.1%, and Sumitomo Mitsui Trust Holdings climbed 2.4%, following a 3-basis-point increase in the 10-year JGB yield to 0.975%,...
USNAS100 New Forecast The price maintains bullish pressure due to NVIDIA's strong profits. Technically, a correction is anticipated down to 18435. Stability below this level would indicate a continuation of the bearish trend towards 18235. Conversely, stability above 18661 would support a bullish trend, with the first target being 18790. pivot line:...
Stocks Set to Open Higher as Investors Await FOMC Minutes and Nvidia Earnings Fed Governor Michelle Bowman stated on Friday that she expects inflation to remain elevated for "some time," but she also anticipates that price pressures will eventually diminish if interest rates are maintained at their current level. Bowman also reiterated that she would not rule...
Gold Futures Approach Record High Amid Growing Interest-Rate Cut Expectations This increase follows softer U.S. economic data over the past week, raising expectations for interest rate cuts. Last Wednesday's lower-than-expected U.S. Consumer Price Index (CPI) data provided relief for the precious metal, after three consecutive months of higher inflation dampened...
EURUSD New Forecast The price has reached the target mentioned in our previous analysis. Currently, a correction is anticipated to adjust momentum. However, the overall trend remains bullish as long as the price trades above 1.08030. Stability above 1.0883 will signal the start of a new bullish trend towards 1.0992. Key Levels to Watch: - Pivot Price:...
CPI, the Dollar, and US Yields Propel Gold Prices Higher The US Consumer Price Index (CPI) significantly influences market movements, especially given the recent heightened media attention and the accelerating price pressures over the past two months. Consequently, the market welcomed the news that the monthly CPI fell from the previous 0.4% to 0.3%, with...
An uptick in gold prices this week deterred physical purchases in top-consuming markets, prompting dealers to offer lower premiums in China and deeper discounts in India following a key gold-buying festival. In India, the world's second-largest gold consumer and major importer, domestic prices (MAUc1) were around 73,000 rupees per 10 grams on Friday, nearing the...
NASDAQ New Forecast (Structure: Short) The price is still retracing towards 18,435 after dropping and stabilizing below the pivot zone, which lies between 18,660 and 18,600. As long as trading remains below 18,600, the price is expected to drop to 18,435. A subsequent break below 18,420 would signal a continuation of the bearish trend towards 18,250. However,...
SP500 Index NewForecast (Structure: Short ) The price has dropped and continues to do so as we predicted, aiming for a retest at 5302 and 5281. It has already reached 5302 and is now moving towards 5281. Currently, the SP500 is undergoing a corrective retracement targeting 5281. At this point, we should monitor whether it breaches 5281. Stability below 5281...
Fed Outlook Boosts Wall Street Pre-Bell; Asia Gains, Europe Slips Wall Street futures indicated a push toward new all-time highs pre-bell on Thursday as traders considered the potential for policy easing by the US Federal Reserve following Wednesday's moderate inflation report. Walmart ( NYSE:WMT ) shares climbed over 4% in premarket trading Thursday after...
U.S. stock index futures edged higher on Thursday, positioning Wall Street to extend gains from the all-time highs reached in the previous session. A subdued inflation report bolstered hopes for interest rate cuts. Economically, investors are anticipating the release of initial claims for state unemployment benefits at 8:30 a.m. ET, seeking insights into the...