Bitcoin tumbles to 2-month low

  • Bitcoin below 200-day SMA for first time since October
     
  • Markets digesting Bitcoin sales by governments, Mt. Gox, and miners
     
  • $57k support is crucial for Bitcoin recovery
     
  • Bears may aim for $52k Bitcoin if support fails

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cfd commodities

US500 index posts highest-ever closing price

  • US500 posted 32nd new record high, using closing prices, so far in 2024
     
  • US500 still about 10 index points below highest-ever intraday price 5529.2
     
  • US stock indexes climb on Tesla/Big Tech boost, hopes for Fed rate cuts
S&P 500 indices Tesla Fed Chair Jerome Powell

EURUSD volatility expected amid key macro releases

 

  • EURUSD briefly dipped below yesterdays close – 1.07155
     
  • Powell’s speech may impact the EURUSD pair
     
  • EU inflation and US Job openings data are expected today
     
  • EURUSD below major SMAs, bearish trend

 

EURUSD

This Week: UK100 may offer relative stability amid UK elections

 

  • UK100 index includes global companies, less domestic exposure
     
  • UK100 index also has inverse relationship with GBP
     
  • Other key events this week: Eurozone CPI, US NFP data
     
  • Fed policy and US job data also influence UK100 movements
     
  • UK100 forecasted to climb past 9,300 in 12 months

 

FTSE100

Mid-year review: 2024 predictions

  • Bitcoin hit new record high earlier this year, as predicted
     
  • USDJPY still defying gravity, now highest since 1986
     
  • JD.com soared over 70%, beating Nvidia, before tumbling

 

Amazon joined $2 trillion dollar club!

 

  • Amazon market cap has reached over $2 trillion
     
  • Stock is estimated to grow 13.7% in 12 months
     
  • AMZN has outperformed both Nasdaq and S&P500 
     
  • Expected YoY growth in Q2 2024: Revenue - 12.69%, EPS - 60.44%)

 

Amazon

ETH to reach new highs?

 

  • ETH spot ETFs may be launched in July
     
  • Open interest in ETH futures reaches $14.5 billion
     
  • ETH spot ETFs' inflows may total $45 billion  



Ethereum consolidates around $3,370 as investors prepare for the actual launch of the first US ETH spot ETF.
 

Ether

XAUUSD consolidates ahead of US PCE

 

  • Gold consolidates as investors focus on Friday's PCE data
     
  • PCE to influence Fed’s interest rate policy
     
  • Markets expect 74.3% chance of US rate cut in September
     
  • BofA forecast: $3,000 by 2025

 

The XAUUSD is consolidating ahead of the US Personal Consumption Expenditure (PCE) report, scheduled to be released on Friday, June 28.
 

Gold Bullion XAUUSD
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