Market Insights 19 | Traders Trust
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escalates crypto crackdown

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Bitcoin Keeps Plunging After China Escalates Crypto Crackdown

The price of Bitcoin and other cryptocurrencies plunged on Monday as China’s central bank gathered officials from the country’s biggest banks and payment processors to recap on a cryptocurrency services ban and to instruct them to adopt a more active
blog taxes to be imposed 21 6 21

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Taxes to be Imposed on Multinational Companies

The G7 reached an agreement to tax multinational companies on foreign earnings, allowing governments to impose taxes on US tech giants such as Amazon and Facebook. The details of the pact have yet to be determined, but the agreement reached
blog gold experiences slight rise 18 6 21

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Gold Experiences Slight Rise, WTI hovers around $70

Yesterday, US markets closed with slight declines in major indices such as the Dow Jones and the S&P 500. In contrast, the Nasdaq rose 0.9% on the back of gains in technology stocks. In this morning’s Asian session, the S&P
blog us & russia's leaders 16.6.21

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US & Russia’s Leaders Participate in “Critical” Meeting

Today, U.S. President Joe Biden is meeting with Russian President Vladimir Putin in Geneva. Mr. Biden’s agenda includes topics such as Russia’s opposition repression, the nation’s tense relationship with Ukraine, its meddling in foreign elections, human rights, spying, and recent
blog ny fed forecasts 15 6 21

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NY Fed Forecasts Higher Inflation & WTI Hits $71.08

Yesterday, amid rumors of creeping inflation, the S&P 500 and Nasdaq 100 touched record highs increasing by 0.2% and 0.9% respectively. Crude oil continues to hover around $70 a barrel, with West Texas Intermediate (WTI) at $71.08 a barrel, at
blog g 7 nations 14 6 21

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G7 Nations & the Fed Meet, Musk Boosts Bitcoin

This week several economic and political events could be affecting the markets as Biden is in Europe, the G7 summit is taking place, the Federal Reserve is meeting to discuss last week’s inflation data, and, perhaps thanks to Elon Musk
blog inflation soars back 11 6 21

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Inflation Soars Back to 13-Year High

Yesterday, the US Department of Labor released data on the Consumer Price Index (CPI). The figure reached 5%, showing a monthly rise of 0.6% over May and a 1,2% increase from the same period in 2008. Cars, flights, clothing, and
blog new data releases 10 6 21

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New Data Releases in Europe and the USA

On Wednesday, the markets were bearish. The Dow Jones closed the US session 0.44% lower, the Nasdaq was down 0.09% and the S&P 500 fell 0.18%. In Europe, the CAC 40 was up 0.19% and the Dax 30 closed with