Cryptocurrencies Swept with Solid Gains

Cryptocurrencies Swept gained ground on Thursday as risk appetite rebounded ahead of important US inflation data. The Federal Reserve remains cautious about amending interest rates, focusing on bringing inflation towards the 2% target, while US consumer prices data for April is awaited next week. This renewed momentum in the crypto market is a sign of…

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Yen Heads in Asian trade on Friday against a basket of major rivals, resuming its losses against the dollar after a brief hiatus. This downward trend is driven by the fading momentum from Japanese authorities’ interventions to support the yen. Despite warnings from the Bank of Japan and Japan’s finance minister about the currency’s weakness,…

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Silver Prices rose in European trade on Friday, marking the third consecutive day of gains and scaling a three-week high. This upward momentum is driven by a combination of factors, including the decline in US 10-year treasury yields and the prospect of increased demand from China. As silver approaches three-year highs, the white metal is…

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US Crude Stocks Fall in the Energy Information Administration (EIA) reported a significant drop last week, with crude reserves falling by 1.4 million barrels to 459.5 million barrels. This reduction was larger than expected, as analysts had anticipated a 1 million barrel drop. The EIA’s report has important implications for the oil market, affecting oil…

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Gold Gains rose in European trade on Thursday, marking their first gain in three days amid active buying efforts around the $2300 barrier. This cautious rebound comes despite mounting pressures from the stronger dollar. Investors are now awaiting important US labor data later today, which could offer clues about the future of US interest rates…

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Oil Prices Regain rose in American trade on Thursday, regaining ground and continuing their upward momentum after a steep drawdown in US crude stocks. This rebound comes after oil prices hit two-month lows, driven by broader market trends. The recent boost in prices is influenced by a combination of factors, including US crude stocks data…

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