Trading Analysis for BTCUSD
14/10/2024

Bitcoin continues to be driven by ETF inflows and external macroeconomic factors, especially as China’s economic slowdown affects risk appetite. Over the past week, Bitcoin struggled to break past $65,000, with selling pressure mounting due to concerns about China’s deflation and potential global impact. However, positive US data, including BTC-spot ETF inflows exceeding $253 million, has provided a buffer, keeping Bitcoin’s price buoyed above $62,000

Trading Analysis for XAUUSD
14/10/2024

Gold (XAU/USD) saw mixed performance over the past week, with prices struggling to gain momentum despite geopolitical tensions in the Middle East. Safe-haven demand due to these conflicts provided some support, but the precious metal remained under pressure from a strong U.S. dollar. Inflation data, particularly U.S. CPI and PPI figures, drove expectations of a Federal Reserve rate cut, which briefly lifted gold, though it remained range-bound due to the persistent strength of the U.S. dollar.

Trading Analysis for EURUSD
14/10/2024

EUR/USD faced downside pressure this past week, trading below 1.0950 as the U.S. dollar strengthened following robust U.S. economic data. The greenback gained support from solid employment figures, while inflation concerns remained prominent. In contrast, the Euro struggled due to weak Eurozone economic performance, particularly German industrial output, creating a bearish environment for the pair.