Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.01.2025
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: An ascending correction…
Dollar rally pauses; yuan slides to 16-month low
By Rae Wee SINGAPORE (Reuters) -The dollar eased on Monday but held close to a two-year peak, as traders awaited a raft of U.S. economic data this week headlined by…
EURUSD Approaches Parity Level. Forecast as of 06.01.2025
The direction of the EURUSD exchange rate has been determined. The only outstanding question is when the major currency pair will reach the parity level and whether it will continue…
Asia FX slips against strong dollar, Chinese yuan hits 17-yr low despite PBoC aid
Investing.com– Most Asian currencies weakened on Monday as the dollar hovered near a two-year high, while the Chinese yuan dropped to a 17-year low, slipping further after breaching a key…
Oil eases from near 3-mth highs amid strong dollar ahead of economic data
By Florence Tan and Siyi Liu SINGAPORE (Reuters) -Oil prices slid on Monday amid a strong U.S. dollar, concerns over sanctions and ahead of key economic data by the U.S.…
Gold prices dip as dollar hits over two-year high on rate outlook
Investing.com– Gold prices fell slightly in Asian trade on Monday, coming under pressure from a stronger dollar as expectations of a slower pace of monetary easing kept traders largely biased…
US plans more sanctions on tankers carrying Russian oil, sources say
By Timothy Gardner and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) – The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil…
Oil prices hit over 2-mth high amid demand hopes, dollar strength
Investing.com– Oil prices rose to a more-than-two-month high in Asian trade on Monday as traders looked to improving demand in top importer China, although strength in the dollar stymied any…
Oil hovers at highest since Oct on cold weather, China stimulus
By Florence Tan SINGAPORE (Reuters) – Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the…
Farmers’ convoys head for Paris to restart protest movement
PARIS (Reuters) – Convoys of farmers set off on Sunday to try to block roads around Paris in protest against what they say is unfair competition from overseas and excessive…
