Day: December 18, 2024

Fed expected to make third rate cut today—here’s what to expect

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Key Takeaways The Fed is expected to lower interest rates by 25 basis points to a range of 4.25% to 4.5%. Increased market instability is possible as the event looms. Share this article The Federal Reserve is scheduled to announce its interest rate decision during its meeting on Wednesday. Economists widely predict that the Fed will cut rates for the third time in a row, bringing the federal funds rate down to a target range of 4.25% to 4.5%. Another 25-basis-point rate cut would result in a total reduction of…

XRP Price Steals the Spotlight: Dips Look Increasingly Attractive

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Falls Short Above $4,000: Will Bulls Try Again?

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Este artículo también está disponible en español. Ethereum price failed to settle above the $4,000 zone. ETH is correcting gains and might struggle to stay above the $3,820 support zone. Ethereum started a downside correction from the $4,100 zone. The price is trading below $3,980 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $2,820…

Bitcoin Price Corrects, Yet Support Zones Keep Bulls in Play

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Este artículo también está disponible en español. Bitcoin price started another increase above the $106,000 resistance zone. BTC traded to a new all-time high above $108,000 and is currently correcting gains. Bitcoin started a fresh surge above the $106,000 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $106,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above…