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Prakash Bhudia

HOD – Product & Growth
Deriv
Member since
03 Apr 2024
Location
London
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Followed by John Sims, Martha Boyle and 5 others you follow
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Prakash Bhudia

Fed's hawkish shift meets geopolitical uncertainty: What's next for Gold?

Gold is caught between the Federal Reserve’s hawkish monetary stance and heightened geopolitical tensions around the globe. This precarious balance raises a critical question: what lies ahead for the yellow metal? The Federal Reserve’s hawkish stance The Federal Reserve’s decision last week to signal a slower pace of interest rate cuts for 2025 m...

27 December 2024 /markets

Prakash Bhudia

Gold holds steady ahead of Fed, will we see a breakout?

Gold is holding around the $2,648 level, as traders exercise caution ahead of the federal reserve’s final policy meeting of the year. After rebounding modestly from a one-week low near $2,633, the yellow metal remains range-bound, struggling to gain traction amid market uncertainty. With the Fed widely expected to cut interest rates by 25 basis ...

18 December 2024 /markets

Prakash Bhudia

Bitcoin slips below $100K as corporate interest soars: Is $120K the next target?

Bitcoin fell slightly on Monday, cooling after a weekend rally that saw it reach a record high of $103,719 on December 4. By December 6, Bitcoin was trading at $98,658, marking a 13.53% pullback and wiping out over $1.5 billion in leveraged positions. While the dip highlights market volatility, BTC’s year-to-date (YTD) gains of 130% affirm its dom...

10 December 2024 /markets

Prakash Bhudia

Gold rebounds after sharp downturn: Is $3,000 back on the cards?

Gold prices have been on a turbulent journey, reflecting the volatile intersection of geopolitical tensions, monetary policy shifts, and market sentiment. Tuesday marked another volatile session for gold as prices dipped to their lowest level in a week, around $2,600. This decline came amid reports of a ceasefire agreement between Israel and Leban...

29 November 2024 /markets

Prakash Bhudia

Palantir's recent drop: Minor retracement or red flag?

Palantir Technologies (PLTR) has had an extraordinary year in 2024, with its stock delivering a staggering 270.87% year-to-date (YTD) gain. Often considered a darling of the data analytics and AI revolution, the company has consistently outpaced major players, even leaving Nvidia in its wake. But after months of relentless upward momentum, Monday...

20 November 2024 /markets

Prakash Bhudia

Bitcoin surpasses Silver in Market Cap: Will it hit 100k?

Bitcoin, the world’s most prominent digital currency, reached a historic milestone this Monday, with its market capitalisation surpassing that of silver. The cryptocurrency soared to a value of $1.75 trillion, pushing past silver’s $1.732 trillion and solidifying its position as the world’s eighth-largest asset. This remarkable achievement came a...

13 November 2024 /markets

Prakash Bhudia

Fed cuts and election uncertainty lift Gold – will it spark a lasting rally?

As gold prices hold steady, market dynamics suggest the yellow metal could continue to attract safe-haven demand amid heightened U.S. election risks and ongoing geopolitical tensions in the Middle East. With the Federal Reserve’s expected rate cut later this week and uncertainty around the election outcome, gold is positioned as an attractive asse...

05 November 2024 /markets

Prakash Bhudia

Uptober closes strong: Bitcoin nears all-time high amid election optimism

As "uptober" winds down, Bitcoin finds itself near record highs, briefly passing the $73,000 mark before pulling back slightly to around $72,300. The month has historically been favorable for Bitcoin, and this October was no exception, with BTC up 12% and rising over 8% in just the past week. The rally came amid heightened institutional...

01 November 2024 /markets

Prakash Bhudia

Gold's new all-time high: Evaluating the asset’s long-term outlook

Gold prices (XAU/USD) surged past the $2,700 mark, reaching a new all-time high during Friday’s Asian session. The precious metal has maintained a strong uptrend over the past week, driven by a combination of central bank monetary easing, geopolitical risks, and a weakening U.S. Dollar. As global uncertainties persist, gold continues to shine as a...

21 October 2024 /markets

Prakash Bhudia

The next wave of AI: Is Nvidia set for a strong rally?

Nvidia stock has surged 25% in the last month, an indicator that the AI rally is still on. With demand for its AI hardware still surging, the company is poised to lead the next wave of the AI boom with its highly anticipated Blackwell chips. Could the next wave of AI demand propel Nvidia's stock to unprecedented heights post-stock split? Unprecede...

14 October 2024 /markets

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