Bitcoin Surges Past $45,000 on Optimism Over Potential SEC Approval for Bitcoin ETFs

Track all markets on TradingView Bitcoin has reached a milestone, surpassing $45,000 in value for the first time since April 2022. This significant surge, exceeding 4 percent on Tuesday morning, is attributed to optimistic expectations surrounding a favorable decision by the U.S. Securities and Exchange Commission (SEC). Investors are eagerly awaiting the SEC’s ruling, expected […]

Russian Central Bank Considers Tougher Measures Amid Economic Challenges

The Russian Central Bank is contemplating more stringent measures to navigate the economic fallout faced by the country. Assisting the Kremlin in mitigating the impact of sanctions following the invasion of Ukraine, the central bank is overseeing a swift reorganization of the Russian economy. Despite signs of adaptation by businesses to the existing sanctions, Central […]

DXY’s Critical Support at 102, Sparks Potential for New Highs

Taking a detailed look at DXY’s technical analysis, it’s evident that a crucial support has materialized at 102.564. This level bears significance, and a confirmed support could pave the way for potential upward movements. To validate this support, we’ll be closely monitoring if the price can sustain itself above 104.213, with a potential bullish trajectory […]

S&P500: Breaking Downtrend Could Signal Long Opportunity!

The S&P500 has broken a significant downtrend line on November 13th at 4393.57, potentially signaling a change in trend. This could be a bullish sign for traders, as the index may be ready to move higher. Key Resistance Level to Watch The next key resistance level to watch is 4637.3, which has been a major […]

European Inflation Almost Hits Target

Inflation in Europe has almost reached the European Central Bank’s (ECB) target of 2%, according to recent data. The inflation rate currently stands at 2.4%, with core inflation – which excludes food and energy prices – at 3.6%. The ECB has been working to keep inflation in check, and the latest figures suggest that their […]

Dollar Index Surges on Hawkish Fed Minutes, Precious Metals Decline

Dollar Index (DXY) The Dollar Index (DXY) registered a +0.27% gain on Wednesday, reaching a 1-1/4 month high. The rise in US Treasury yields provided modest support for the dollar, while a decline in the S&P 500 to a 5-week low triggered a demand for dollar liquidity. Additionally, the yuan’s weakness against the dollar, due […]

SF: Weekly Market Update (23-29)

Economic Calendar The economic calendar for the week of July 17-21, 2023, is relatively light. However, there are a few key events that could have a significant impact on the markets. Investors will be closely watching the GDP report, the Core PCE Price Index, and the Nonfarm Payrolls report. These reports will provide an update […]

SF: Weekly Market Update (23-20)

The State of the Financial Markets and Expectations for This Week Previous week the financial markets ended on a mixed note, with the S&P 500 index closing down 0.5%, the Dow Jones Industrial Average index down 0.2%, and the NASDAQ Composite index up 0.2%. The decline in the S&P 500 was led by losses in […]