September 9, 2024
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August. China’s gold holdings stood at 72.8 million fine troy ounces at the end of last month. The value of the gold reserves, however, rose to $182.98 billion compared with $176.64 billion at the end of July. The […]
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September 9, 2024
The Bitcoin-Dollar pair gained 0.5%
The Bitcoin-Dollar pair gained 0.5% in the last session. According to the Stochastic-RSI, we are in an oversold market.BTC/USD rose 0.5% in the last session.The Stochastic-RSI points to an oversold market.Support: 53326.3333 | Resistance: 55518.3333
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September 9, 2024
China FX reserves rise for second straight month
Uncertainty over the U.S. economy’s health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled after closely watched jobs data showed labor market momentum slowing more than expected
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September 5, 2024
Nvidia, chip stocks waver after previous day’s sell-off
Nvidia’s shares recouped earlier losses to trade higher, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI optimism on Wall Street held out despite concerns around the stocks’ lofty valuations. The last session saw Nvidia’s stock gain 0.7%. The Stochastic indicator is giving a negative signal. Support: […]
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September 5, 2024
Total crypto market sinks below $2T
Bitcoin could be heading to a correction below $54,000 after the global crypto market capitalization fell below a key psychological level. The global crypto market capitalization fell below the $2 trillion mark after decreasing 3.46% within 24 hours. The last session saw the Bitcoin gain 0.7% against the Dollar. The MACD is giving a negative […]
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September 5, 2024
The Pound-Dollar pair gained a moderate 0.2%
The Pound got a slight bump of 0.2% against the Dollar in the last session. According to the Stochastic-RSI, we are in an oversold market, supporting the technical analysis’ positive signal.The Pound-Dollar pair gained a moderate 0.2% in the last session.The Stochastic-RSI points to an oversold market.Support: 1.3051 | Resistance: 1.3181
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