Recent content by Fxpronews

Inflation in Turkey continues to gain momentum. A fresh set of monthly statistics showed consumer inflation accelerating to 79.6% y/y and producer inflation to 144.6% against 78.6% and 138.3% a month earlier, respectively. The rise in the PPI rate is a continuing adverse signal that the...

Silver has pulled back 3% in the last 18 hours while Gold has lost 1.2% in the same time frame. The pullback came as some investors exhaled after China's reaction to the Pelosi plane landing in Taiwan. Investors were banking on a slight chance of a sharper escalation than they saw. On the...

Bitcoin continues its soft landing towards the lower end of the upward corridor, losing around 0.5% over Tuesday and retreating to $23K. Ethereum has strengthened by 2.7% to $1630 in the past 24 hours. Leading altcoins moved from down 3.8% (Solana) to up 2.6% (BNB). Total cryptocurrency market...

WTI oil lost more than 4.5% on Monday, returning to the area of last month's lows and marking a new stage of the downtrend. Oil dynamics are tightly linked to the expected economic growth rate and appear weakly linked to gas prices. The trend in oil has already turned downwards in the first...

Bitcoin has lost 2.1% in the past 24 hours, pulling back to $22.9K. Ethereum has fallen 6.5% over the same period, to $1580. Top altcoins fell from 2.7% (XRP) to 12% (Polkadot). Total cryptocurrency market capitalization, according to CoinMarketCap, fell 3.7% to $1.05 trillion during the day...

Bitcoin closed Thursday near $24,000, retesting that area after a failed attempt to climb higher in the middle of last week. The first cryptocurrency has added 3.8% over 24 hours, about as much as it has gained in the past seven days. Ethereum has added 4.8% in 24 hours, to $1720. Altcoins from...

Bitcoin has surpassed the $23170 mark, adding more than 9% in the past 24 hours. Ethereum jumped 13% to $1640. Other leading altcoins in the top 10 have gained between 6% (BNB) and 15% (Polkadot). The total capitalisation of the crypto market, according to CoinMarketCap, rose 8.9% overnight to...

Bitcoin is clinging to the $21,000 level, having changed little in the past 24 hours, while Ethereum is adding 1.7% overnight to $1450. Prices of the top altcoins range from -0.6% (Cardano) to +4.2% (BNB). The total capitalisation of the crypto market, according to CoinMarketCap, rose 0.85% to...

Bitcoin has lost 3.5% in 24 hours, having rolled back to $21,100 at the time of writing. Meanwhile, Ethereum has lost 6.1% in the same time frame, to $1430. Altcoins in the top 10 have fallen from 3.5% (XRP) to 6.8% (Solana). ¬¬ Total crypto market capitalisation, according to CoinMarketCap...

The financial market is moving slightly against the main news flow, showing signs of recovery in demand for risky assets while data is getting worse. According to the latest Ifo report, business sentiment in Germany is falling harder than expected, but that is not stopping euro buying in...

Bitcoin rose 5.3% over the past week, finishing near $22,300. However, the cryptocurrency's intra-week dynamics are not so rosy, as a moderate downtrend has returned to the market since July 20. Ethereum also declined for most of the week but added 6.6% at the end, to $1525. The total...

The differences between the actions of monetary authorities in various developed countries are becoming increasingly apparent. Until we see real work by the governments and central banks of the USA, Japan, or the Eurozone to change the trend, it is hardly prudent to bet on a peak in the USD...

How long does forever last? Just over a year, if you're Elon Musk. Tesla has indicated in its quarterly report that it has sold three-quarters of its Bitcoins, citing uncertainty. The past selling does not change the market disposition, as all transactions have already been made. However...

A fresh set of statistics from the UK showed that inflation is still not slowing down. The rate of consumer price growth climbed to 9.4% y/y in June after they added 0.8% for the month, four times the long-term average monthly increase of 0.2%. But, even more worryingly, the leading inflation...

Gold is mostly missing the latest party of financial markets, where risk appetite has increased. The value of the troy ounce has changed little since last Friday, mostly hovering in a narrow range of $1702-1716, near the lows since April 2021. On the technical analysis side, gold is oversold...