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Tag: Market News

blog oil drops to 19.7.21
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Oil Drops to $70 and BTC below 31K

Today, a new trading week starts with a few releases and economic events. However, over the weekend there have been some noteworthy developments in the global markets. On Friday, the S&P 500 and Nasdaq were down 0.8%, the Euro Stoxx 50 also experienced declines and was down 0.6% on Friday.
blog fed stimulus remains 15 7 21
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Fed Stimulus Remains & OPEC+ Closer to Oil Deal

Yesterday, the Federal Reserve (Fed) Chairman Jerome Powell communicated the same rhetoric the Fed has been using in recent months: ‘inflation remains transitory’ while fiscal stimulus continues. Even so, on the first day of the Fed’s meeting, Powell stressed that if the inflationary data continue, and exceed 2%, “we would
Higher than expected inflation
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Higher than Expected Inflation: Gold Steady, Oil Falls

Yesterday, the US Labor Department released Consumer Price Index (CPI) data that reflected a 0.9% increase in inflation compared to the previous month. The data exceeded expectations again and returned to August 2008 figures. Also, a lot of analysts find similarities with the inflationary period of the 1970s. The inflation
blog china backslides while 1 7 21
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China Backslides while Taiwan Starts Talks with the US

The first half of 2021 closes with a proper vaccination campaign in developed nations, and the gradual lifting of global lockdowns. This has reflected good results for the dollar, 10-year US Treasuries, gold, oil, and the S&P 500, the big winner of the half-year. The close of the first six
blog gold on its way 30 6 21
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Gold on Its Way to Over 4-year Lows

Yesterday’s trading session was positive for the S&P500 and the Nasdaq. The S&P 500 was up 0.1% while during this morning’s Asian session, the Nasdaq was up 0.3%. The dollar firmed while 10-year US Treasuries and oil rose. Gold fell. Oil returned to around $73 a barrel after hovering around $75
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 500 was up 1% and the Nasdaq 0.2%. Ten-year Treasuries
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 the time of writing. Gold fell 0.1% and Treasury yields
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 we could be witnessing a Bitcoin rally again. This morning’s