October 10, 2024
Sterling at one-month low on dollar
The British pound nudged down to a one-month low on the dollar, as markets gradually reassess the different interest rate paths of the Federal Reserve and Bank of England. The Pound dipped a slight 0.1% against the Dollar in the last session. The Williams indicator indicates an oversold market.Support: 1.301 | Resistance: 1.3154
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October 9, 2024
Gold set for biggest drop in over a month
Gold prices fell over 1% and were on track for their biggest drop on a percentage basis in 1.5 months as recent U.S. employment data lowered expectations for a bigger rate cut, while markets awaited minutes of the U.S. Federal Reserve’s latest policy meeting for fresh signals. The Gold fell against the Dollar in the […]
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October 9, 2024
S&P 500, Nasdaq advance as investors switch focus to upcoming inflation data
The S&P 500 and Nasdaq Composite rose, recouping some of the previous session’s losses, as investors shifted attention to upcoming third-quarter earnings and inflation data which may offer the next clues for how interest rate cuts will unfold
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October 9, 2024
Canadian dollar weakens as oil tumbles
The Canadian dollar weakened to a seven-week low against its U.S. counterpart on Tuesday as the price of oil fell 4% and investors reassessed the outlook for Federal Reserve interest rate cuts.
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October 8, 2024
Oil prices extend gains, lifting Brent crude towards $80
Oil prices rose more than 3%, with Brent surpassing $80 per barrel for the first time since August, as the increased risk of a region-wide Middle East war jolted investors out of record bearish positions amassed last month. The Oil-Dollar pair exploded 4.5% in the last session. The CCI indicates an overbought market.Support: 72.8667 | […]
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October 8, 2024
Crypto adoption on track to hit 8% by 2025
Global cryptocurrency adoption is approaching a significant milestone, with 7.51% of the world’s population now using digital currencies, according to a report by MatrixPort. The report projects this figure to exceed 8% by 2025, signaling a potential shift of crypto from a niche market into mainstream financial systems.
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