Category: bounces
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Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
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Dollar bounces off tow-month lows; ECB seen cutting rates this week By Investing.com
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Investing.com – The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.2% to 104.265, after falling…
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Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support
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Japanese Finance Minister Suzuki speaks over the wire saying: Forex levels should reflect economic fundamentals If currency movements are excessive, we may need to smooth them It is desirable for the foreign exchange market to move steadily, noting that currency market fluctuations are undesirable Rapid currency movements are undesirable because…
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USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.
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The US dollar fell against the Canadian dollar after a weaker than expected US jobs report. That downward movement stopped against the old ceiling area between 1.36049 and 1.36154. The price started to bounce back to the upside. The move to the upside was able to expand back above the…
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Bitcoin falls to 50% of 2024 range this week and bounces. Price back above 100 day MA
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The price of Bitcoin fell earlier this week and in the process fell below the 100-day moving average (the blue line in the chart below is currently near $60,000), and towards the mid-50% of the 2024 trading range. At $56,150. This week’s low hit $56,500 (close enough). The subsequent move…
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Bitcoin bounces back after soft jobs report, crossing $60K threshold (BTC-USD)
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Omedia/E+ via Getty Images Bitcoin (BTC-USD) rebounded on Friday after a weak US jobs report eased concerns about higher interest rates for a longer period. Largest cryptocurrency by market cap (BTC-USD) jumped 4% to $61.7K at 3:27 PM ET, compared to $59.1K that had changed hands in just minutes. Before…