by Jibran Munaf | October 23, 2024 | Cryptocurrencies
Bitcoin options traders are ramping up bets that the cryptocurrency will hit an all-time high of $80,000 by the end of November, regardless of the outcome of the upcoming U.S. presidential election. The implied volatility for Bitcoin options expiring around the Nov. 5...
by Jibran Munaf | October 22, 2024 | Currencies
Goldman Sachs has forecasted that the euro could depreciate by as much as 10%—potentially falling below $1—if former President Donald Trump wins the U.S. presidential election on November 5 and enacts widespread tariffs and domestic tax cuts. In a note issued on...
by Jibran Munaf | October 22, 2024 | Currencies
The U.S. dollar remained near its two-and-a-half-month high on Tuesday, buoyed by expectations that the Federal Reserve will proceed cautiously with interest rate cuts, while the upcoming U.S. election adds a layer of uncertainty for investors. Strengthened by rising...
by Jibran Munaf | October 21, 2024 | Cryptocurrencies
Bitcoin surged close to $70,000 on Monday, fueled by a wave of inflows into exchange-traded funds (ETFs) linked to the cryptocurrency and growing optimism about future US regulations. The digital asset rose 1% before trimming some gains to trade at $69,005 as of 7:20...
by Jibran Munaf | October 21, 2024 | Currencies
Demand for the U.S. dollar surged last week as investors placed bets on a rally ahead of the upcoming U.S. presidential election, according to strategists at JPMorgan Chase & Co., who cited their proprietary metrics. The surge in buying is expected to continue in...
by Jibran Munaf | October 19, 2024 | Currencies
The U.S. dollar is set for its third consecutive weekly gain, buoyed by strong U.S. economic data, a dovish European Central Bank (ECB), and rising speculation of a Donald Trump election win. On Friday, the U.S. dollar continued its upward trend, marking a third...
