Bitcoin Could Retest $93k Amid Declining Institutional Demand; Check Forecast
The cryptocurrency market has continued its poor performance in November as Bitcoin failed to overcome the $107K resistance level earlier this week.
Verizon To Slash 15 Percent Of Its Workforce, About 15,000 Jobs
The job cut hit parade line just got 15,000 more members.
Gold Slips From Three-Week Highs As Dollar Firms And Fed Caution Weighs
Gold eases from three-week highs as momentum fades amid mixed market sentiment.
GBP/USD Mired At Seven-Month Lows Amid Political And Fiscal Concerns
The GBP/USD pair declined to 1.3149 on Friday, hovering near a seven-month low.
Bitcoin Is Coming Lower, As Technology Sector Slows Down; Diagonal Pattern?
Bitcoin is coming lower, as the technology sector slows down, so it can form and potentially finish a diagonal pattern from a technical and Elliott wave perspective.
UK Budget May Not See Income Tax Hike
The Chancellor is apparently considering a U-turn on income tax hikes, as she attempts to keep both households and her party onside when she provides her Autumn budget later this month.
USD/CAD Forecast: Finding Support
USD/CAD continues to trade choppily near the key 1.40 level, with longer-term technicals and fundamentals hinting at a possible move toward 1.4250.
Dollar Falls Further As Government Shutdown Ends
Gold’s recent move back into positive territory came to a halt as $4200 became the latest resistance zone.
USD/CAD Forecast: Bulls Surge Above 1.40 As Shutdown Ends
The USD/CAD forecast suggests a mild upside as the US dollar gains momentum following the shutdown’s end.
Daily Market Outlook - Friday, Nov. 14
Wall Street faced a sharp sell-off once again, ending a brief respite that followed the reopening of the U.S. government.
Investors Moved To Profit-Taking, Assessing The Consequences Of The Official End Of The US Shutdown
The US stocks plunged as Fed rate expectations were reassessed and AI-sector stocks sold off.
Gold Rises Amid US-China “Non-Deal”
The Busan summit’s “phantom deal” exposed fragile diplomacy and reinforced gold’s appeal as the only asset that doesn’t rely on political promises.
German Government Announces Relief For Industry
Earlier this summer, German Chancellor Friedrich Merz promised a 'Fall of reforms'. This week, the government moved to accelerate decision-making, unveiling a fresh set of policy announcements within just the past 24 hours.
Verizon Is Cutting Jobs Before The Holidays (Huge Red Flag)
Verizon announced it may be cutting 15% of its 100,000 strong workforce.
Pound Sterling Recovers Slightly As UK Fiscal Hole Narrows To £20 Billion
The Pound Sterling rebounds marginally as the UK OBR reported that the £30 billion fiscal gap has narrowed to £20 billion.
Record Margin Debt
Margin debt on stocks reached $1.13 trillion in September and record percentage of GDP.
Brent Rebounds As Sanctions Threat Meets Oversupply Doubts
In the latest trading, Brent crude has found footing as market participants weigh two conflicting forces.
The Bearish Bond Narrative Fades
Not that long ago, bond yields were rising as concerns over deficits, inflation, and a series of bad Treasury auctions were paraded through the media.
Sensex Today Trades Lower; Nifty Below 25,800
Indian share markets are trading lower today, with the Sensex trading 259 points lower, and the Nifty is trading 84 points lower.
Natural Gas Forecast: Hovers At High Levels
Natural gas remains elevated after a bullish surge tied to cold weather, but shifting forecasts suggest a sharp pullback could offer long-only buying setups.

