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Dollar Holds Ground has managed to hold its position above recent two-month lows, showing resilience in the face of mixed economic signals. As traders keenly await the upcoming US labor data, the dollar’s performance remains a focal point for market participants trying to gauge the future direction of US monetary policies. Current Market Situation On…
Gold Moves in prices edged higher in European trade on Friday, marking the second consecutive day of gains. The metal is moving away from three-week lows and is set for the fourth monthly profit in a row. This upward trend is supported by lower US 10-year treasury yields ahead of the crucial US personal spending…
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Bitcoin About saw a significant rise on Friday, setting the stage for its second consecutive gain. The cryptocurrency is on the verge of breaking the $70,000 mark again, driven by strong risk appetite in the market and favorable economic indicators. Market Performance Bitcoin Price Movement Bitcoin climbed by 1%, or $680, at Bitstamp, reaching $69,010,…
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US Stock Indices Dip opened lower on Wednesday as rising US treasury yields weighed on market sentiment. Investors are closely watching key economic data releases, including the first quarter GDP growth data and the upcoming US personal spending data, which is a crucial inflation gauge for the Federal Reserve. Market Performance At the opening bell,…
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Euro Sharpens Decline fell in European trade on Thursday, slipping against a basket of major rivals and reaching two-week lows. This decline marks the second consecutive loss against the dollar as the euro gave up the critical psychological level of $1.08. The primary driver behind this drop is growing concerns about the widening interest rate…
Bitcoin Moves in experienced a positive surge on Thursday, marking its first gain in three days. This uptick coincided with a decline in US 10-year treasury yields. As traders await important US consumer spending data for April, they are looking for clues on the future direction of US monetary policies. Additionally, a fresh influx of…
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Oil Prices Give Up in American trade on Wednesday, marking the first decline in four sessions. This drop comes after hitting four-week highs, driven by active profit-taking and ahead of anticipated US crude inventory data, which is expected to show another buildup. Oil Prices Retreat US crude fell by 0.8% to $79.62 a barrel, and…
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Post Break Wall Street looks set for a positive start to the shortened week following Memorial Day. With consumer updates and key inflation data expected later this week, investors are eager to see how these factors will influence market trends. In this article, we’ll delve into the current state of U.S. and global markets, focusing…
World Shares remained near all-time highs on Tuesday, with investors holding their breath for upcoming inflation data from both sides of the Atlantic. As markets await these critical figures, the dollar has ticked lower, reflecting cautious sentiment. The Calm Before the Storm Market Anticipation Investors are closely monitoring the impending release of U.S. Personal Consumption…
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ECB- European Central Bank has indicated that it has room to cut interest rates as inflation slows. However, key policymakers emphasize that the ECB should proceed with caution, even though the direction of future policy changes seems evident. With a rate cut anticipated for June 6, the discussion has now shifted to the timing and…
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