Fed’s Quarles, Bitcoin Above $40K, Bank CEOs and EIA Data – What’s Moving MarketsInvesting.com — Bitcoin rebounds above $40,000 and Wall Street also pushes higher ahead of a speech by Fed Vice Chair Randal Quarles. Bank CEOs line up for a grilling on Capitol Hill, oil markets wait for the latest official U.S. supply data and retailers offer up m…[Read more]

Dollar Edges Lower; Fed Officials Maintain Dovish TiltInvesting.com – The dollar edged lower in early European trade Wednesday, trading near its lowest levels since early January as Treasury yields weakened with Federal Reserve officials continuing to present a dovish view.

At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback…[Read more]

Analysis-Floundering dollar falls to bottom of global currency heapNEW YORK (Reuters) – A dovish Federal Reserve and accelerating growth abroad are weighing on the dollar, a move that could be a boon for stocks and other assets.

The U.S. Dollar Currency Index is down 4% from its 2021 peak, making the greenback the worst performer of the world’s m…[Read more]

Euro Pound (EUR/GBP) Exchange Rate Edges Higher as UK Retail Sales Slow Down in MayEuro Pound (EUR/GBP) Exchange Rate Edges Higher as UK Retail Sales Slow Down in May

EUR/GBP Exchange Rate Rises as UK Economic Outlook Remains Uncertain The Euro Pound (EUR/GBP) exchange rate rose by 0.4% after UK retail sales slowed in May after April’s strong s…[Read more]

Dollar falls to early January lows; yuan rally gets noticedSINGAPORE (Reuters) – The dollar floated at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher.

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New Zealand dollar continues to gain groundThe New Zealand dollar continues to head higher this week. In the North American session, NZD/USD is trading at 0.7244, up 0.37% on the day. It has been a strong start to the week for the New Zealand dollar, which is up 0.95%. The US dollar is once again struggling against the major currencies. Inflation…[Read more]

Grayscale’s Bitcoin And Ethereum Premiums Back At HighsThe steep rise in the premiums for Grayscale’s Bitcoin and Ethereum shares reflect rising demand among high-volume investors.

Key Takeaways
The premium for Grayscale’s Bitcoin and Ethereum shares recorded a sharp increase on Monday.
The GBTC surge can partly be attributed to the launch of a S…[Read more]

Bitcoin Price Analysis: BTC Eyes Upside Break above $40K Bitcoin price started a steady recovery from the $31,120 zone against the US Dollar. The price is now testing the $40,000 resistance zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $36,900 on the 4-hours chart of the…[Read more]

BTC Gains 5% As Elon Musk Meets With North American Bitcoin Miners Bitcoin surged 5% after Elon Musk revealed that he met with North American Bitcoin miners over environmental concerns. Before now, the top coin was on a steady decline since Musk criticized its energy usage. BTC dropped to about $30,000 in reaction to Musk’s statement. However, B…[Read more]

BTC/USD Back Below 2661 Technical Resistance: Sally Ho’s Technical Analysis 26 May 2021 BTC
Bitcoin (BTC/USD) attempted to regain lost ground early in today’s Asian session as the pair appreciated to the 38210.62 level after trading as low as the 36481.26 level during the North American session, with the interday low right around the 50% r…[Read more]

XRP Price Analysis: Bulls Undecided Around $1, Ripple Puts Forward Plans of Hosting NFTs on XRP Ledger A downside move on XRP to lows of $0.62 on May 23 was followed by a relief rally to highs of $1.07 XRP was exchanging hands at $0.94, up 5.50% in the last 24 hours while down by 45.16% weekly XRPL developer community is proposing features to make…[Read more]

As China Pressures Local Crypto Exchanges, Western Markets Buy The DipThis time, the Chinese government is putting pressure on cryptocurrency miners and investors through commercial banks and financial institutions: clearing, payments and cryptocurrency insurance are under a ban. Despite foreign registrations, the biggest Chinese crypto exchanges…[Read more]

Crypto Daily: Bear TrendBitcoin – If you have followed me on social media since May 11 you will know that I predicted the crypto crash, after spotting a 2 month head and shoulders reversal pattern, which completed on May 17 for a clear sell signal.

I also suggested longs at 31100/30000 yesterday. We bottomed exactly at and shot higher to first r…[Read more]

Aluminium Is Entering A New EraThe path to a net-zero economy has dual implications for aluminum on both the supply and demand side. That may see the aluminum market shift into deficit in the medium term. In the short run, rising disruption from China has already suppressed production growth this year.

The dual-implication from ‘green’ rec…[Read more]

Lithium, Cobalt, & Rare Earths: The Post-Petroleum Resource RaceLithium, Cobalt, & Rare Earths: The Post-Petroleum Resource Race

Authored by Michael Klare via TomDispatch.com,

Thanks to its very name – renewable energy – we can picture a time in the not-too-distant future when our need for non-renewable fuels like oil, natural gas, and coal will…[Read more]

Institutional Investors Are Rotating Out Of Bitcoin And Into GoldOne of the biggest reasons why people invest in assets like gold, Bitcoin and altcoins is because they act as hedges against bad government policy.

Look at Venezuela. The beleaguered country’s currency, the bolivar, isn’t worth the paper it’s printed on due to draconian socia…[Read more]

Crypto: Arbitrary OutPerhaps it speaks to my effete nature, but I went ahead and took profits on my crypto account. And the title isn’t quite accurate: I wouldn’t necessarily call my decision arbitrary. Just to be completely indiscrete, I started with $8,000 on Sunday, worked it up to $11,000 after the close on Monday, and dumped it all for a $10…[Read more]

Goldman Sachs Flashes Buy Signal for Coinbase StockGoldman Sachs (NYSE:GS) targets 36% short-term gains in Coinbase Global’s (NASDAQ:COIN) share price.

Key Takeaways
Goldman Sachs analysts have sent out a buy signal for Coinbase’s stock, targeting a price of $306.
Crypto exchanges like Coinbase experienced record trading volumes during last…[Read more]

EOS Price Analysis: EOS/USD Moves Sideways as Bearish Breakout is Expected EOS Price Analysis – May 26 The daily chart reveals that if bulls increase their momentum, the price may rise towards the previous high of $10 level. EOS/USD Market Key Levels: Resistance levels: $8.0, $8.5, $9.0 Support levels: $1.5, $1.0, $0.5 At the time of writing, E…[Read more]

Cryptos Soar After Musk, Saylor Speak To Bitcoin Miners, Will Standardize Energy ReportingCryptos Soar After Musk, Saylor Speak To Bitcoin Miners, Will Standardize Energy Reporting

Behind door number 1 we have China, and a relentless barrage of crypto FUD meant to distract from the disastrous reception of the digital yuan in hopes that Beijing…[Read more]