Bitcoin Spike Towards $150,000 if Trump Won the Elections

Bitcoin Spike performance continues to captivate investors and analysts alike. On Thursday, Bitcoin resumed its gains after a brief hiatus, approaching four-week highs. The driving force behind this surge is a mix of positive sentiment in the crypto market and the global trend towards policy easing. Additionally, the upcoming US elections are providing significant impetus…

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Dollar Rebounds rose in European trade on Thursday, marking its first gain in three days as it bounced back from recent four-month lows. This rebound is driven by short-covering and rising US Treasury yields. Investors are keenly awaiting the US unemployment claims data for more clues on the future direction of US interest rates. Current…

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Dollar Skids continued its downward trajectory in European trade on Wednesday, hitting four-month lows. This marks the second consecutive day of sharp losses, influenced by a new round of intervention by the Bank of Japan (BOJ) to support the yen and declining US 10-year treasury yields, which reflect the market’s anticipation of upcoming Federal Reserve…

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Sterling Approaches in European trade on Wednesday against a basket of major rivals, extending gains for the second day against the dollar and scaling a year high. It is about to trade above $1.3 for the first time in 2024 following inflation data. The recent inflationary pressures are impacting Bank of England policymakers, thereby reducing…

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Dow Jones Expands Industrial Average continued its upward trajectory on Tuesday, marking successive record highs as expectations build for an imminent interest rate cut by the Federal Reserve. This bullish trend in the stock market is supported by stabilizing US retail sales and steady import prices, which collectively paint a picture of economic resilience. Current…

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Bitcoin Gives Up the world’s most valuable cryptocurrency, experienced a significant price drop on Tuesday, retreating from its four-week highs. This move marks the first loss in five days, driven primarily by active profit-taking. Despite this setback, the cryptocurrency community remains optimistic about Bitcoin’s potential to reach $70,000 in the near term, fueled by a…

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Sterling Holds maintained its stability just below a one-year high against the dollar, following a recent surge, as traders awaited pivotal economic and political updates scheduled later in the week. Market Sentiment and Expectations Investors exhibited caution, refraining from significant trading positions ahead of forthcoming major data releases. Notably, British inflation figures for June, due…

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Goldman Sachs Reports (GS.N) announced a substantial increase in profit for the second quarter, surpassing analysts’ expectations largely due to robust performances in debt underwriting and fixed-income trading. The firm reported earnings of $3.04 billion, or $8.62 per share, which exceeded the consensus estimate of $8.34 per share. Market Conditions and Performance Despite a slight…

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Euro Gains rose in European trade on Tuesday against a basket of major rivals, resuming gains and moving once again near four-month highs against the dollar. This movement is driven by hopes of reducing the interest rate gap between the EU and the US. Interest Rate Outlook The European Central Bank (ECB) is expected to…

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