EBC Daily Snapshot Jun 28, 2024

Can Inflation Data Trigger the Next BTC Breakout?

Bitcoin is easing back on Tuesday towards $78K, extending a pullback from last week's three-month high as headwinds start to stack up. Can this week’s US inflation data spur the next move higher?

PrimeXBT | 5h 2min ago

EBC Markets Briefing | Euro eyes more gains on mounting dollar debasement risks

ECB rate hikes face limited room as resilient growth and rising energy costs support tightening, while gas risks and dollar weakness shape markets.

EBC Financial Group | 7h 40min ago

Today Technical Analysis: Japanese Yen Hits Highest Level Against the Dollar Since February

Gold remains under short-term bearish pressure on the 1-hour chart after failing to sustain the recovery toward $4,510.

STARTRADER | 8h 36min ago

Today Fundamental Analysis: US Indices Decline as Oil Extends Gains Amid Persistent Tensions

Oil prices climbed to six-week highs today, with Brent up 1.7% to $99.49 and WTI gaining 2.8% to $94.60, as U.S.-Iran tensions escalated.

STARTRADER | 8h 55min ago

Crypto: retail traders prefer to sell

The crypto market is correcting following the recent rally: retail investors are taking profits, while large holders continue to accumulate BTC.

FxPro | 9h 47min ago

Yen and oil advances keep risk appetite muted

Dollar/yen drops to 154, supported by BoJ hike bets, but move looks stretched; Oil jumps again on ME newsflow; risk of $100 WTI oil price is rising; Markets prepare for Thursday’s buybacks and US data; Gold stabilizes at $4,400, bitcoin drops below $80k again;

XM Group | 10h 43min ago

Silver Holds Above $66 as Rate Outlook Limits Recovery

Silver remains caught between tighter monetary policy expectations and continued demand for inflation protection as traders assess the next market catalyst.

VT Markets | 11h 51min ago

EBC Markets Briefing | Yen extends strong rally as bears retreat

The yen hit a 7-month high as BOJ tightening bets, capital repatriation and carry-trade unwinding forced bearish investors to cover positions.

EBC Financial Group | 12h 9min ago

EURUSD	1.16261	GBPUSD	1.35416
USDJPY	153.893	USDCAD	1.37842