Ethelwulf

Ethelwulf Updated 

At a critical moment when Israel and Hamas may resume negotiations, the US Department of Defense announced on the 13th that the US government has approved a new round of arms sales to Israel worth about 20 billion dollars, including a large number of fighter jets and air-to-air missiles and other advanced equipment. According to a statement issued by the US...

Ethelwulf Updated 

The long-feared unwinding of the yen carry trade finally brought about a sharp rise in the yen, a massive deleveraging event triggered by a short squeeze on the yen, which forced a widespread liquidation of the entire market, especially those bloated exposures, and investors may have sold their huge gold longs to cover losses in the stock market. Hedge funds have...

Ethelwulf Updated 

Crypto market lose power after rebound. BTC had a significant decline for a period of time after the ETF was announced. But after 15 days, sufficient liquidity brought an increase that repaired the decline. It has been two weeks since the ETH ETF was listed. After excluding the impact of grayscale, we have seen that traditional funds are also flowing into the ETH...

Ethelwulf Updated 

The latest chart you've shared illustrates the bullish flag and descending broadening triangle pattern within a larger uptrend. If the bullish scenario plays out, the targets can be anticipated as follows: 1. Bullish Target 1 at $85,643: A breakout from the current flag could lead Bitcoin towards this first major resistance level. 2. Bullish Target 2 at...

Ethelwulf Updated 

Saudi Arabia is expected to pour less money into the oil industry than initially expected. The Gulf kingdom is likely to put most of its money, about 73 percent of total investment, into non-oil sectors by 2030, the agency said, a shift from the bank's previous estimate of 66 percent. Currently, WTI crude futures are down at the end of a volatile week as the...

Ethelwulf Updated 

Some analysts say U.S. gasoline inventories are finally falling, as many oil bulls had hoped. Inventories are now at their lowest level since November, with inventories in the Gulf Coast region falling by more than 3 million barrels. A drop in total U.S. gasoline imports last week may have contributed to the inventory drawdown, but a key culprit may have been a...

Ethelwulf Updated 

Inflation rose in the UK to 2.2%, just below the 2.3% forecast. This has put chances of cuts in Sept up slightly, nearing 47%. This also has not really changed the picture for the GBP (VS the USD). Likely Markets are awaiting CPI out the FED. Any shock miss could spell a string of issues for the US economy, and the US dollar.