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Tag: S&P 500

Oil Price a Barrel
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Oil Prices Could Reach $80 a barrel in The Second Half of The Year

Last Friday, NFP data rose more than expected. The forecast of 700K fell short of the published figure of 850K. After better than expected data, the S&P 500 rose 0.8% on Friday for the seventh consecutive day. The Nasdaq, US Treasuries, and oil also did well. The dollar declined. The
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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
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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

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Bitcoin Could be a Legal Tender at Mexico’s Banco Azteca

A new trading week begins today for global markets. After an eventful weekend for the cryptocurrency markets, Bitcoin is hovering around $34,455 at the time of writing. Certain events during the weekend have caused volatility in cryptocurrencies. In particular, the UK’s financial watchdog has banned cryptocurrency exchange Binance Markets from
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Antitrust Laws may Put US Tech Giants in the Law’s Crosshairs

Yesterday, the US markets closed the trading session with little changes. The S&P 500 closed down 0.1% while the Nasdaq reached another record high thanks to Tesla’s rally. The Nasdaq could be affected if a series of U.S. antitrust measures that would allow other technology companies to gain market share
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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 had made a commitment to revealing data showing their use

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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 recent days. The stability in cryptocurrencies comes on the same