Fri, June 09, 2023

Central bank

Sec Chairman: United States Securities and Exchange Commission entrance architecture modern building closeup sign, logo, glass windows.

Bitcoin’s Recovery Doubtful Amid Challenging Market Data

Bitcoin’s recent bounce-back from the $25,500 support level on June 6 has showcased its resilience. However, market data from derivatives suggests that surpassing the $27,500 mark will not be an easy feat for the crypto. Challenges Ahead for Bitcoin’s Price Surge (approx. 70 words): Despite the quick recovery, the path to breaking above $27,500 appears …

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US stocks and wall street

Mixed Performance in Asian Stock Markets

The Asian stock markets displayed mixed results on Wednesday. Following a lackluster trading day on Wall Street, primarily due to the absence of market-moving data. China’s report of a decline in exports and imports further signaled a slowdown in its economic recovery after the easing of anti-virus restrictions. Meanwhile, investors remained cautious amid ongoing concerns …

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Stock Market

The Slump in The Stock Market Following Fed Release

The global inventory gauge fell for a fourth straight day while the dollar rose as the European Central Bank boosted the interest rates on Thursday, signaling the need for further monetary tightening, a day after the United States Federal Reserve also hiked interest rates.   United States Government bond yields fell, and oil prices stabilized …

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Federal Reserve

Federal Reserve Interest Rate Boosts and Its Effect

The Federal Reserve boosted the interest rate by 0.25 percentage points on Wednesday, signaling that it may delay further hikes to give officials time to assess the influence of recent bank failures and await and monitor the resolution of the US debt political impasse inflation.   A unanimous decision raised the US Federal Reserve’s interest …

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Commodities and education

Weak commodities indicators: Oil prices fall 3%

On Tuesday, oil prices fell to their lowest level since late March. According to the disappointing Chinese economic data, predictions of interest rates rose significantly. The US Federal Reserve and the European Central Bank (ECB) expressed concerns about sufficient supply this week. Brent crude slid $2.41, or 3.04%, to $76.90 a barrel by 1404 GMT. …

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Euro

Euro is hovering at a one-year high as the US outlook dims

On Thursday, the euro stayed at a one-year high versus the dollar. Europe’s strong economy contrasted with financial worries and another US debt ceiling standoff. It was recently up 0.05% against the dollar at $1.104, not far off the one-year high of $1.1096 set yesterday. The dollar index, which compares the greenback to six major …

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Stock Market

The Different Stock Market Analysis for Today

Here are some stock markets making headlines today. Stock Markets Analysis Indian stock indices gradually recovered from the easing of early morning volatility to close near daily highs on Friday. While IT, media stock, and PSU banks all traded higher since morning, NBFCs and private banks reversed the start of the decline. In contrast, consumer …

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Commodities reaching new highs

Oil market set for weekly decline as recession worries intensify

Despite modest improvements on Friday, oil prices were heading for a second week of losses. The weak US economic data and a lack of certainty regarding future interest rate increases affected the situation drastically. The more actively traded July contract was up 47 cents, or 0.6%, at 78.69 a barrel. Meanwhile, June Brent crude futures …

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dollar, Weekly Market Overview: Forex, Stocks, Crypto, Commodities

Financial worries as the euro declines; US dollar at a rise

Next week’s European Central Bank (ECB) meeting forced the forex market to undergo some modifications. Reportedly, the euro fell even as officials kept the door open to a 50 basis point rate hike. The US dollar nudged higher as risk sentiment worsened in Europe due to rising banking worries. The last First Republic Bank and …

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Tensions, forex, euro, dollar,

Forex: investors are looking for new catalysts in central bank

This week’s forex market movement might be choppy. Participants hunt for the next fundamental driver. Following Wednesday’s underwhelming comeback, the US Dollar Index resumes its sideways crawl on Thursday. The forex risk sentiment remains neutral. The European Central Bank (ECB) will publish the minutes of its most recent policy meeting. Later, President Christine Lagarde will …

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