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Oil on a two-year high, Turkish Lira Plummets to Record Low

Oil jumped to a two-year high rising above $70 a barrel after OPEC and its allies forecast greater demand and decided to increase the “black gold” commodity output. The increase comes as a result of the global economic recovery which
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Economic Recovery & Inflation Fears Move the Markets

Global stocks are entering the month close to new all-time highs, supported by the economic recovery from the coronavirus pandemic and high liquidity. Nevertheless, inflation fears and concerns that rising price pressures could lead central banks to cut support earlier
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China Releases Data While Bitcoin Dips Below 35K

A new trading week is beginning today with the US and UK markets closed for Memorial Day and the spring bank holiday respectively. Bitcoin is trading below $35,000 and Asian markets are off to a strong start for the trading
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Gold vs Crypto: The Debate Goes on as the Tables Turn

Gold has recorded rises this month while cryptocurrencies are rapidly dropping. The divergence in direction has brought to the forefront the debate of whether the two assets are correlated. Gold has reached its highest levels since October and prices have
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Gold rises to 5-month high amid inflation fears

Gold rose to $1,912.74 per ounce yesterday, breaking through the psychological barriers of $1,900. The gold price rally, the highest in five months, is most likely the result of a weak dollar, inflation, and a drop in U.S. Treasury yields.
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New Crypto Appears amid Concerns over Fed Stimulus Cut

Yesterday, despite rumors about Federal Reserve (Fed) officials discussing a plan to cut fiscal stimulus in the face of inflation, most markets closed positive in both the US and Europe. Cryptocurrencies are slowly recovering from last week’s plunge, with Bitcoin
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Market Watch: Bitcoin, Indices, WTI Close Higher, Metals Decline

Yesterday, a new trading week started with cryptocurrencies exploring the upside and Bitcoin closing at almost $39,000, after the weekend’s intense volatility. The rise seems to be attributed to a tweet from Elon Musk stating that North American bitcoin miners
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EU Summit to Cover Brexit, COVID-19, Climate Change

Today, the European summit, a two days’ long political meeting at which the assembled political leaders will voice their foreign, social, and economic policy concerns, begins. In particular, the summit will focus on the review of Brexit agreements and Europe’s
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Stability in Cryptocurrencies & Biden’s Tax Plan

During Thursday’s trading session stock markets stabilized. The Nasdaq broke above the 50-day moving average, the SP&500 was up 0.1%, oil suffered its biggest weekly drop since March, the dollar weakened, and cryptocurrencies seemed to steady after their plunge in
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Cryptocurrencies and Stock Markets Record Rapid Declines

Yesterday, the Federal Reserve (Fed) released data from its April meeting, a meeting that took place before the US employment decline, hiring constraints, and the unexpected rebound in consumer prices. Nevertheless, the Fed sees the economy as gradually recovering, and