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Gold fell on May 14 as investors risk appetite strengthened despite lingering uncertainty over the path of tariff negotiations and increased optimism about rate cuts this year. "Investors are becoming more reassured as tariffs are lowered and negotiations show real progress," said Fawad Razakzada, market analyst at Forex.com. "More importantly, lower-than-expected inflation data from the U.S. on Tuesday added fuel to the fire, calming nerves that Trumps trade tariffs will trigger a new wave of inflation. The bearish momentum may continue for a few days, but the long-term bullish outlook remains intact."Federal Reserve Vice Chairman Jefferson: The Federal Reserves policies have the ability to respond in a timely manner.Federal Reserve Vice Chairman Jefferson: Both of the Fed’s dual mandates face more risks.Federal Reserve Vice Chairman Jefferson: First-quarter GDP data exaggerates the extent of the slowdown in economic activity.Federal Reserve Vice Chairman Jefferson: Economic growth is expected to slow down due to the impact of trade policies, but the economy is still expected to expand throughout the year.

BTC Fear & Greed Index Sends Bullish BTC Signals From the Greed Zone

Cory Russell

Feb 03, 2023 15:06


Bitcoin's (BTC) price dropped by 0.98% on Thursday. BTC finished the day at $23,491, somewhat erasing a gain of 2.54% on Wednesday. Although the period was negative, BTC managed to stay over $23,000.


BTC climbed to an early high of $24,240 after the day's positive start. The First Major Resistance Level (R1) was breached by BTC at $24,106 before it fell to a late low of $23,385. BTC instead returned $23,586 before easing down, avoiding the First Major Support Level (S1) at $23,049 instead.

A Record NASDAQ Index Session is Overshadowed by Crypto News Wires

On Thursday, there was a lot going on, including central bank activity, business results, and US economic indices. Initial unemployment claims that were better than anticipated kept worries of a harsh landing at bay. Importantly, if inflation keeps falling, strong labor market conditions could not push the Fed to pursue a more aggressive interest rate trajectory.


In a positive NASDAQ session, Meta Platforms Inc. (META) helped investors react to Fed Chair Powell's press conference more strongly. META grew by 23.28% as a result of strong quarterly results and the $40 billion repurchase announcement.


The NASDAQ Index rose 3.25 percent. The NASDAQ mini, on the other hand, fell 173.25 points this morning.


The bitcoin news updates challenged the buying interest despite the high NASDAQ session. Investor mood was negatively impacted by news that Kraken was closing its Abu Dhabi office as part of continuous cost-cutting measures, as well as the beginning of a US DoJ inquiry into Silvergate Bank and bank connections with FTX and Alameda research.


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