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Tag: Oil

blog bitcoin dives below 20 7 21
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Bitcoin Dives Below 30K, Major Indices & Oils Fall

The consensus of economic analysts, inflation, rising Covid-19 outbreaks, and exorbitant consumer price figures seem to point to the start of a possible economic slowdown. As a result, falls in oil, bitcoin, indices, and 10-year US Treasury bonds have been triggered. June’s inflation figure came in at 5.4%, the highest
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 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 bitcoin recovers from 23 6 21
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Bitcoin Recovers from Dramatic Fall Below $30,000

Bitcoin extended gains during today’s Asian trading session, rebounding from a fall below $30,000. The digital coin is trading at $34,154.70 at the time of writing. During Tuesday’s US trading session, Bitcoin fell 12% and was trading at $28,824 – a level below $30,000 the digital coin hadn’t fallen to
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 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 home goods prices have risen the most. Only the sale
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 a decline of 0.38%. In addition, US retail sales figures