Cardano Transactions Surging to Multi-Year Highs, Metrics Backing Bullish Outlook
The economy has been a hot topic lately, with discussions about Bitcoin, Russia, and altcoins flooding the news. Robert Kiyosaki’s warning that Bitcoin at $100,000 might be out of reach for the average investor is worth considering, as it could be reserved for the ultra-rich. Russia’s economy, on the other hand, may not be as strong as it appears on the surface, raising concerns among analysts. Meanwhile, altcoins are gearing up for a potential $627 billion inflow as altseason approaches, creating excitement in the market.
Shifting our focus to Forex, the NZD/USD pair has conquered the 20-day SMA, but concerns arise with the 100-day SMA crossover. The Australian Dollar is holding steady above 0.6500, but lack of momentum due to trade war concerns is causing hesitation among traders. Conversely, the Mexican Peso is on the rise thanks to Trump’s softened trade stance and the decline of the US Dollar.
In the precious metals market, silver prices are on a rebound, climbing above the 100-day SMA amid geopolitical tensions and dovish bets from the Fed. Gold prices are also shining with a rebound, driven by increased safe-haven demand in the market.
Shifting gears to the stock market, many investors are wondering if Tesla stock is a buy. Additionally, there’s a sneaky rule to watch out for when going back to work after taking Social Security, as it could potentially slash your benefits. EPR Properties stock is also under scrutiny, with investors debating whether to buy, sell, or hold.
Wrapping up, the Dow Jones Industrial Average has climbed to a fresh record, bringing good news for US traders returning from Thanksgiving. The US Dollar is holding steady, but retreats as French yields push the Euro higher in Forex trading.
All in all, the financial landscape is buzzing with activity across various markets, making it an exciting time for investors to strategize and make informed decisions. Stay tuned for more updates as the global economy continues to evolve.
