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July 3, strategists at State Street Investment Management said that after 18 months of frenetic gains, the upward volatility of gold prices may ease in the coming quarters. However, support factors including ETF inflows, central bank purchases and a weaker dollar are still favorable for gold prices to rise until 2026. Strategists continue to believe that there is an 80% chance that gold prices will remain flat or rise in the next 6-9 months, and in the case of a 30% bull market, gold prices could hit $4,000 an ounce. They added that a weaker dollar and the Federal Reserves likely dovish policy in the second half of the year could help gold attract more allocations from the record $7 trillion in money market mutual funds.On July 3, ASML (ASML.O) announced that it will announce its second quarter 2025 results at 07:00 CET on July 16, which is still one day earlier than TSMC. ASML executives will hold a 60-minute investor conference call at 15:00 CET on the same day.July 3, the pound rebounded after falling on Wednesday when British Prime Minister Starmer did not seem to confirm in Parliament that Chancellor of the Exchequer Reeves would stay. However, a spokesman for the British Prime Minister later said that Reeves had Starmers full support. The Labour government was forced to make major concessions on welfare reform. Nikos Chaberas, an analyst at Tradu.com, said in a report that the prospect of further tax increases or increased borrowing could disrupt the market. This loss of confidence could "cause trouble" for the pound.According to NHK, no tsunami warning was issued after the earthquake in Kagoshima Prefecture, Japan.According to NHK, an earthquake occurred off the coast of Kagoshima Prefecture, Japan.

Bitcoin Failed to Gain Traction – Needs Confirmation

Cory Russell

Oct 25, 2022 15:38

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Over the last week, bitcoin gained 0.9%, ending close to $19.5K. This rise was considerably aided by the markets' turn to growth on Friday afternoon and the brutal beating they received on Sunday. The impact of the latter, however, has almost entirely disappeared.


When it attempts to go higher early on Monday, the 50-day moving average, which is still acting as a barrier, starts a fresh selling wave. We still need confirmation of the upward departure, but the price surge on Sunday officially sent the quotation outside the triangle. A consolidation above the prior highs around $19.6K, which has not occurred so far, would serve as a confirmation indication.


To $1330, Ethereum increased by 1.5%. From a 5.1% fall (Solana) to a 1.2% growth, other top cryptocurrencies from the top 10 displayed a range of behaviors (Dogecoin).


According to CoinMarketCap, the total value of the cryptocurrency market increased by 0.9% week over week to $933 billion. The Extreme Fear reading on the Cryptocurrency Fear and Greed Index remained at 23 during the course of the week.


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