Forex on Cowlpane

Bitcoin Price Prediction Favors the Bulls Going Higher

Sat, 09 May 2026 19:17:32 +0000

Originally published by ForexLive

Last updated:May 9, 2026Market bias:Mildly bullish repair, not confirmed bullish expansion

Bitcoin is trading with a constructive short-term bias after buyers defended the repaired value area near80,000. The current BTC price forecast improves while price holds above79,000-79,500, but a stronger bullish signal still requires acceptance above the82,500-82,800resistance zone.

Key takeaways for crypto traders and investors at investingLive.com

Bitcoin has shifted from prior downside damage into arepair phase.

investingLive Americas market news wrap: US jobs growth surprises to the upside

Fri, 08 May 2026 20:27:53 +0000

Originally published by ForexLive

US April non-farm payrolls +115K vs +62K expected
Canada employment change -17.7K vs 15.0K estimate. Unemployment rate 6.9% vs 6.7% expected
US and Iran could resume talks next week – report
ECB’s Nagel: ECB will do whatever necessary to him he energy price surge
Iran: From now on actions of the US maritime blockade will be met with military response
Fed’s Goolsbee: inflation has not been great. Job market is pretty much stable

US stock market close: Another big week of gains ends with a flourish

Fri, 08 May 2026 20:06:53 +0000

Originally published by ForexLive

Toronto TSX Comp +0.6%
Toronto TSX Comp +0.5%

The S&P 500 and Nasdaq Composite hit fresh all-time highs today. A surprisingly strong U.S. jobs report—adding 115,000 jobs in April versus the 55,000 expected—overshadowed geopolitical fears, keeping investors heavily invested in the ongoing tech boom. This was the sixth straight week of gains, the longest run since Oct 2024.

AI infrastructure demand continues to fuel semiconductor stocks. Micron shares popped 10% today, while Qualcomm jumped 9%, logging its fourth consecutive day of gains. The broader semiconductor index soared as hyperscalers continue raising their capital expenditure guidance.

US and Iran could resume talks next week -- report

Fri, 08 May 2026 19:51:50 +0000

Originally published by ForexLive

The WSJis outwith the latest leak on US-Iran negotiations:

Talks could resume as early as next week
Iran remains against transferring nuclear material
Iran and the US working with mediators to formulate a 14-point MOU that would set the parameters for a month of talks to end the war
The US would ‘wind back’ its blockade during those 30 days
Details remain unresolved

We continue to wait for war news but the market seems to have moved on. The Nasdaq is up for the sixth straight week and higher by more than 5% this week. Today we have big gains across tech and the S&P 500 is also up 0.8%.

WTI crude oil settles up 61 cents to $95.42 per barrel

Fri, 08 May 2026 18:43:18 +0000

Originally published by ForexLive

WTI crude oil finished modestly higher today despite the ongoing exchange of fire between Iran and the USA. The market is waiting for the next steps in negotiations and whether both sides are able to open the Strait of Hormuz while they negotiate details of any lasting peace.

What I will notice is that long-dated oil prices are rising and converging towards short-dated prices. December WTI was up $1.50 today to $79.85 and I think it’s more indicative of the market’s broader view of oil prices.