Business Finance News USA Edition
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The source for business news and analysis. US markets. Like bloomberg but better.

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​Why Binance Coin (BNB) Price Could Hit $700 after Changpang Zhao’s Prison Release


βœ… BNB price broke above $615 on the Sept 27, adding over $4 billion to its market cap within the last 5 days

πŸ“ˆ Recent market reports link BNB 10% weekly timeframe gains to the early release of Binance ex CEO/Co-Founder Changpeng Zhao, previously scheduled for Sept 29

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​Ripple (XRP) Price Analysis: XRP Traders Raise Leverage by 200% as BTC, BNB, TON Flash Bullish Signals


πŸ‘‰ Ripple (XRP) price continues to consolidate below the $0.60 level as of Sept 27, while the broader crypto markets grew 10% within the weekly timeframe

πŸ‘‰ Between Sept 21 and Sept 27, the broader crypto markets grew by more than 10% as investors piled of over $63.8 billion in fresh capital inflows

πŸ‘‰ XRP’s funding rate currently trending at 0.0102%, its highest in 3-months, signaling dominant bullish conviction among speculative traders

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​Crypto Spot ETF Inflows, SEC Appeal and XRP, Gensler Grilling – This Week in Crypto


πŸ‘‰ US Economic Data Boosts Hopes for Soft Landing, 50-Bps Rate Cut Expected to Drive Demand for Riskier Assets

βœ… Crypto Market Gains 4.62%, Outperforming Nasdaq Amid Rising Expectations for a 50-Bps November Fed Rate Cut

πŸ‘‰ XRP Lingers Below $0.60 as SEC’s Potential Appeal Against Ripple Rulings Continues to Weigh on Investor Sentiment

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​Gold News: Can XAU/USD Rally Continue Despite Rising Profit-Taking Risks?


πŸ“ˆ Gold prices hit record high, closing at $2658.55, driven by Fed rate cuts and Middle East tensions

βœ… Fed's 50 basis point rate cut boosts gold prices; another cut could push prices to $2700 or higher

πŸ‘‰ Inflation data shows a 2.2% rise in PCE, reinforcing gold’s appeal amid continued monetary easing

πŸ‘‰ Global ETFs added 28.5 tonnes of gold in August, reversing years of outflows and fueling the price rally

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​Oil News: Is Bearish Momentum Set to Drive Crude Prices Below $68.04?


πŸ“‰ Crude oil futures dropped 3.97% last week as rising supply from Saudi Arabia and Libya weighed on prices

πŸ‘‰ China's aggressive stimulus measures failed to significantly boost oil demand, keeping the market under pressure

πŸ‘‰ Saudi Arabia is expected to increase production, shifting focus from price stability to capturing market share

πŸ‘‰ U.S. crude inventories dropped by 4.5 million barrels, offering some support but failing to reverse bearish momentum

πŸ‘‰ Technical resistance at $69.79 and $72.21 limited crude oil gains, with a key support level at $68.04 being tested

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​Australian Dollar Weekly Forecast: China PMIs, the US Jobs Report, and $0.70


πŸ“ˆ AUD/USD Rallies 1.38% as Retail Sales and Trade Data Spark Investor Interest in the Aussie Dollar’s Short-Term Outlook

πŸ‘‰ AUD/USD Targets $0.70 on China PMI and hopes for a reboot to the economy after last week's policy measures

⚠️ Weak US Jobs Data Could Boost AUD/USD Higher

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​Natural Gas News: Will the Market Overcome Bearish Pressure and Break Above $2.937?


πŸ“ˆ Hurricane Helene sparks volatility in U.S. natural gas markets, with futures rallying 28.8 cents on supply fears

πŸ‘‰ Despite Hurricane Helene, Gulf of Mexico production stays stable, up 6.8%, while U.S. output holds near 100 Bcf/day

πŸ‘‰ Natural gas prices hit resistance at $2.937, with the 200-day moving average at $2.972 preventing further gains

πŸ‘‰ EIA report shows U.S. storage at 3,492 Bcf, 233 Bcf above the five-year average, limiting potential price surges

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​Silver (XAG) Forecast: Can Gold’s Strength Lift Silver Amid Weak Chinese Demand?


πŸ“ˆ Silver prices closed at $31.63 last week, driven by Fed rate cuts, China’s weak demand, and gold’s surge

πŸ‘‰ U.S. Fed's rate cuts pushed silver higher, but a stronger dollar and weak Chinese demand could limit gains

⚠️ Traders expect another Fed rate cut in November, which may support silver prices, offsetting dollar strength

πŸ‘‰ Silver benefited from gold's 29% rally, with spillover demand despite weak physical buying in China and India

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​Powell’s Speech Could Break Fed Rate Cut Deadlock; Gold Traders on Alert


⚠️ Powell's speech today is highly anticipated, as traders seek clarity on the Fed's stance amid conflicting views from officials on the pace of rate cuts

⚠️ Markets are uncertain whether the Fed will opt for a 50 or 25-basis-point cut in November, with Powell's remarks potentially reshaping expectations

⚠️ Powell is expected to address inflation trends and labor market data, providing insight into how the Fed balances softening inflation against its 2% target goal

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​Oil News: Middle East Tensions Drive Prices Higher as Demand Fears Persist


πŸ“ˆ Oil prices rise for the second session as Middle East conflict intensifies, sparking supply fears

βœ… WTI crude rebounds from key support levels; traders eye Fibonacci resistance at $69.79

πŸ‘‰ Despite China’s economic stimulus, demand concerns persist with a 5th month of manufacturing contraction

⚠️ Escalating Israel-Hamas conflict raises the risk of direct impact on Iranian oil production

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​Pound Sterling strengthens ahead of busy US data week, Fed Powell speech


πŸ“ˆ The Pound Sterling climbs above 1.3400 against the US Dollar as the latter weakens after soft inflation data

πŸ‘‰ A slight acceleration in the US core PCE inflation suggests that the Fed’s battle against inflation is not over yet

⚠️ Investors await Fed Powell and BoE Greene’s speech

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​NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Pull Back On Powell’s Comments


πŸ“‰ SP500 is moving lower as traders focus on Powell's comments on the economic outlook

πŸ“‰ NASDAQ pulled back amid profit-taking

πŸŸ₯ Dow Jones is losing ground in a quiet trading session

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​Japanese Yen Is Losing Ground: Analysis For USD/JPY, EUR/USD, AUD/USD, NZD/USD


πŸ“ˆ USD/JPY is moving higher as traders focus on economic reports from Japan

πŸ‘‰ EUR/USD is trying to settle below the nearest support at 1.1115 - 1.1130

⚠️ AUD/USD tests support at 0.6890 - 0.6900

πŸ‘‰ NZD/USD is heading towards the 0.6300 level as traders take profits near multi-month highs

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​Powell’s Rate Cut Signals Stir Markets, Jobs Data Could Fuel Volatility


πŸ‘‰ Powell signals smaller, quarter-point rate cuts ahead, with markets now predicting a more cautious Federal Reserve

πŸ‘‰ Friday's Non-Farm Payrolls report expected to show 147,000 new jobs and a slight uptick in unemployment to 4.3%

πŸ‘‰ Treasury yields jump to 3.8%, gold under pressure, and the Dow falls 150 points as Powell tempers rate cut expectations; volatility looms

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​S&P500 Futures Outlook: Fed’s Rate Policy and Job Data Keep Traders on Edge


πŸ“‰ S&P 500 futures edge lower near record highs, with technical indicators hinting at a pullback toward key support levels

πŸ‘‰ The Fed’s dovish stance supports markets, but analysts warn that weaker job growth could pressure stocks in the near term

πŸ‘‰ September's nonfarm payrolls report is a key event for investors, with potential to trigger volatility in US indices

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​Gold (XAU) Daily Forecast: Geopolitical Risks Boost Gold, But Strong USD Limits Gains


πŸ‘‰ Geopolitical tensions in the Middle East drive gold’s initial rally, but USD strength caps gains at resistance levels

⚠️ Strong US labor market data and lower Fed rate cut expectations limit gold’s upside potential

πŸ‘‰ Gold’s price remains pressured below $2,654.56 pivot, testing key support levels at $2,648.91 and $2,643.26

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​US Dollar Price Forecast: The bearish vibe prevails below 101.50


πŸ‘‰ US Dollar Index gains traction to around 101.25 in Wednesday’s early European session

⚠️ The DXY keeps the bearish outlook below the key 100-day EMA, but the RSI shows neutral momentum

πŸ‘‰ The initial support level is seen at 100.68; the first upside barrier is located at 101.30

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​Oil News: Tensions in Middle East Push Crude Futures Higher – Key Levels to Watch


πŸ“ˆ Crude oil prices surged over 5% on Tuesday as escalating Middle East tensions raise concerns of major supply disruptions

πŸ‘‰ Iran’s missile strike on Israel and potential retaliation could disrupt 4% of global oil output, driving prices higher

πŸ‘‰ Light crude is trading between $69.79 to $72.21, with a sustained break above $72.21 signaling a bullish move

πŸ‘‰ Geopolitical risks could push crude oil prices to $100 per barrel if Iranian oil infrastructure becomes a target

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​ADP Report: Private Sector Adds 143K Jobs in September, Surpassing Expectations


πŸ‘‰ Private employers added 143,000 jobs in September, beating forecasts of 124,000, showing labor market strength

πŸ‘‰ Job growth rebounded after a five-month slowdown, driven by gains in most sectors except information

πŸ‘‰ Service-providing industries added 101,000 jobs, with leisure and hospitality leading at 34,000 new positions

πŸ‘‰ Manufacturing added 2,000 jobs, its first increase since April, indicating a recovery in the goods-producing sector

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​Australian Dollar Moves Lower: Analysis For USD/JPY, EUR/USD, AUD/USD, NZD/USD


πŸ‘‰ USD/JPY is trying to settle above the resistance at 146.00 - 146.50

πŸŸ₯ EUR/USD is losing ground as traders wait for the release of the Euro Area Services PMI report

πŸ“‰ AUD/USD moved lower as Services PMI missed analyst expectations

πŸ‘‰ NZD/USD tests support at 0.6235 - 0.6250

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