Bitcoin seems to reverse up from the local dips. Are there enough reasons to buy it now?
US ELECTION: markets as the US day starts
While the scores haven't changed much overnight in the US, Biden's positions remain strong while officials in some states report the gap between the rivals widening in favor of Joe Biden. Let's see what the day brings.
Just be careful with the USD: it lost value just before the business day started in the US, but now it is in correction to take back some of the gains - that is clearly visible with all pairs with the American dollar.
The US inflation will come out today at 15:30 GMT+3. Traders can’t wait to see the numbers as they will impact all the pairs with the USD!
The greatest sale of Bitcoin continues! It has approached the psychological mark of $30,000. The traders’ focus remains on Thursday’s report on US inflation.
The United States will release retail sales and producer inflation (PPI index) numbers at 15:30 MT time on June 15.
Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?