News
Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Bitcoin/USD price index, 12-hour chart. Source: TradingView Investors are still unsure whether $18,200 […]
Oil futures settled lower on Tuesday, with U.S. prices down nearly 3%. The White House said President Joe Biden will speak about gasoline prices on Wednesday. That follows news reports that the administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the U.S. Strategic Petroleum […]
President Joe Biden will speak about gasoline prices on Wednesday, the White House said, as his administration is reportedly moving toward a release of at least another 10 million to 15 million barrels of oil from the U.S. Strategic Petroleum Reserve. Bloomberg News and others report that such a release would be the latest in […]
Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this […]
U.S. stocks ended higher Tuesday, booking back-to-back gains, as investors digested earnings results from companies including Goldman Sachs Group Inc. The Dow Jones Industrial Average DJIA, +1.12% closed 1.1% higher, while the S&P 500 SPX, +1.14% gained around 1.2% and the Nasdaq Composite rose 0.9%, according to preliminary data from FactSet. Goldman GS, +2.33% was […]
One of the Treasury market’s most reliable gauges of impending U.S. recessions has the potential to shrink to its narrowest level in 41 years within a matter of months, according to BMO Capital Markets strategists. That indicator is the spread between 2- TMUBMUSD02Y, 4.456% and 10-year Treasurys TMUBMUSD10Y, 4.014% , which becomes inverted whenever the […]