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Swipe through to get the full forecast of the coming week and see the key events, trends and market movers on the radar.
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Swipe through to get the full forecast of the coming week and see the key events, trends and market movers on the radar.
Stay informed. Stay prepared.
#XM #MarketForecast #Trading #TradingForBeginners #ForexTrading #MarketNews #FinancialMarkets
Bitcoin trades near $81,600 on Friday, above support at $80,250. Resistance stands at $87,100, with further support at $76,500. Review the scenarios below as fund withdrawals test buyers' confidence.
• Events. Bitcoin fell alongside technology shares after the Nasdaq Composite lost 2.6% on Thursday. CryptoTicker reported forced closures of leveraged long positions across crypto markets. Such closures can add selling pressure when traders lack enough collateral to keep their positions open.
• Background. U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $635.6 million in net outflows on Thursday, according to Farside Investors. The withdrawals ended three consecutive sessions of inflows. Weaker fund demand leaves Bitcoin more exposed to selling elsewhere in financial markets.
• Potential triggers. Today's preliminary U.S. services Purchasing Managers' Index (PMI) from S&P Global is due at 1:45 p.m. UTC. Forecast: 58.0 points / Previous: 58.8 points. Moderately softer activity could lower Treasury yields and help Bitcoin. A sharp slowdown could increase risk aversion. Stronger inflation signals could raise rate expectations and pressure Bitcoin.
If risk appetite improves and Bitcoin holds above $80,250, it may recover towards $87,100. The bullish view fails if the price falls below $80,250. If selling continues and Bitcoin breaks below $80,250, it could retreat towards $76,500. The bearish scenario fails if the price recovers above $80,250.
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These are the biggest events to watch this week:
Amid rising bond yields around the globe, tensions in the Middle East and the political unrest in France, five central banks are scheduled to decide on rates: The RBNZ, the BoC, the Fed, the ECB and the BoJ. Only the BoC is expected to raise rates, but investors will scrutinize the statements and press conferences of all of them for clues about the future path of interest rates. UK Chancellor John Healey will announce the UK Autumn Budget.
Stay ahead of the markets.
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Amid rising bond yields around the globe, tensions in the Middle East and the political unrest in France, five central banks are scheduled to decide on rates: The RBNZ, the BoC, the Fed, the ECB and the BoJ. Only the BoC is expected to raise rates, but investors will scrutinize the statements and press conferences of all of them for clues about the future path of interest rates. UK Chancellor John Healey will announce the UK Autumn Budget.
Stay ahead of the markets.
Sign Up Now: https://tlt.ink/xmbro
This Diwali, something exciting is about to begin. 🎁🤭
But before we reveal it, tell us:
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But before we reveal it, tell us:
Aapke liye Nayi Shuruat ka kya matlab hai?
#XM #NayiShuruat #XMApp #Diwali
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