News

Open enrollment has begun for many health insurance plans. As costs are rising, here are some strategies to navigate the options.

Stellantis, the parent of Jeep, RAM, Dodge and Chrysler, has lost market share in its most profitable market.

Bitcoin (BTCUSD) is trading sharply lower, down $4,700 (-4.3%) at $105,760, after touching an intraday low of $105,440. The decline marks the lowest level since October 17, and Bitcoin is now on track to close at its weakest level since July 1, when it settled at $105,709.

The move comes amid renewed selling pressure driven by a combination of factors:

• Hawkish Fed sentiment, with expectations for a less accommodative policy stance.

• Reports of a major liquidation, as a large holder reportedly sold roughly $600 million in Bitcoin over the weekend.

• US government shutdown is causing anxiety as it gets longer and longer.

• A general shift in market tone, with risk sentiment turning more negative across crypto assets.

From a technical perspective, Bitcoin has broken further below its 200-day moving average at $109,866, a level that has acted as a key pivot in recent months. Since October 17, price action has repeatedly tested both sides of that moving average, but today’s drop represents the widest deviation below it in weeks. Before last month’s break, the 200-day average had provided support dating back to April 21 (see green line on chart below).

Looking ahead, downside targets include the October 17 low at $103,530, followed by the psychological $100,000 level. Below that, traders will eye the 38.2% retracement of the August 2024–October 2025 rally near $96,975.
On the topside, Bitcoin would need to reclaim the 200-day moving average ($109,865) to neutralize the current bearish bias.

There

This article was written by Greg Michalowski at investinglive.com.

Bitcoin (BTCUSD) is trading sharply lower, down $4,700 (-4.3%) at $105,760, after touching an intraday low of $105,440. The decline marks the lowest level since October 17, and Bitcoin is now on track to close at its weakest level since July 1, when it settled at $105,709.

The move comes amid renewed selling pressure driven by a combination of factors:

• Hawkish Fed sentiment, with expectations for a less accommodative policy stance.

• Reports of a major liquidation, as a large holder reportedly sold roughly $600 million in Bitcoin over the weekend.

• US government shutdown is causing anxiety as it gets longer and longer.

• A general shift in market tone, with risk sentiment turning more negative across crypto assets.

From a technical perspective, Bitcoin has broken further below its 200-day moving average at $109,866, a level that has acted as a key pivot in recent months. Since October 17, price action has repeatedly tested both sides of that moving average, but today’s drop represents the widest deviation below it in weeks. Before last month’s break, the 200-day average had provided support dating back to April 21 (see green line on chart below).

Looking ahead, downside targets include the October 17 low at $103,530, followed by the psychological $100,000 level. Below that, traders will eye the 38.2% retracement of the August 2024–October 2025 rally near $96,975.
On the topside, Bitcoin would need to reclaim the 200-day moving average ($109,865) to neutralize the current bearish bias.

There

This article was written by Greg Michalowski at investinglive.com.

Chicago Fed President Austan Goolsbee said he remains uneasy about the idea of front-loading rate cuts, citing persistent inflation pressures and an uncertain growth backdrop. Speaking with Yahoo Finance, Goolsbee admitted he is “not decided” going into the December meeting, emphasizing that inflation remains “above target for four and a half years and trending the […]

The post Fed’s Goolsbee cautions against front-loaded cuts, undecided with December appeared first on Action Forex.

Gold (XAU/USD) kicks off the week on a cautious footing, oscillating within its established $3,900-$4,050 range as traders weigh an evolving macroeconomic backdrop. At the time of writing, XAU/USD is trading around $4,010 after briefly slipping to $3,962 earlier in the Asian session.

“Amazon just completely refuted” concerns about slowing growth in its cloud unit, Jim Cramer says.

The Euro (EUR) steadies against the US Dollar (USD) on Monday, after the Greenback slipped modestly following weaker-than-expected US manufacturing data.