Category: direction
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Bitcoin’s Short-Term Direction Hinges On This Week’s Labor Market Data Release
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Bitcoin It is showing a strong upward movement, rising all the way to the $70,000 price level. However, despite the renewed bullish momentum, there are several upcoming macro events to watch out for that could impact Bitcoin’s price trajectory in the short term. Will the release of labor market data…
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Bitcoin’s Short-Term Direction Hinges On This Week’s Labor Market Data Release
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Bitcoin It is showing a strong upward movement, rising all the way to the $70,000 price level. However, despite the renewed bullish momentum, there are several upcoming macro events to watch out for that could impact Bitcoin’s price trajectory in the short term. Will the release of labor market data…
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Will The Bitcoin Price Close Out July In Green Or Red? Historical Data Gives Direction
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So far in July, Bitcoin price has shown positive movement, breaking out of June’s downtrend and rising to new monthly highs. While this rally has been encouraging, it still leaves investors with doubts as Bitcoin price remains below $70,000. As the month comes to a rapid end, the question remains…
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Will The Bitcoin Price Close Out July In Green Or Red? Historical Data Gives Direction
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So far in July, Bitcoin price has shown positive movement, breaking out of June’s downtrend and rising to new monthly highs. While this rally has been encouraging, it still leaves investors with doubts as Bitcoin price remains below $70,000. As the month comes to a rapid end, the question remains…
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Dollar struggles for direction, sterling rises after data By Reuters
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Written by Ray Wee and Stefano Ribaudo (Reuters) – The dollar stabilized on Wednesday, as weak US economic data affected strengthening US bets on lowering interest rates, but political tensions in Europe provided some support by weakening the euro. Meanwhile, the pound rose after data showed that services inflation in…
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Retail stocks search for direction as rates stay high By Reuters
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Written by David Randall and Louis Krauskopf NEW YORK (Reuters) – Rising U.S. interest rates are weighing on the U.S. retail sector, with several companies’ stocks hurt by months of tight monetary policy while the shares of a few companies rose. The consumer discretionary distribution and retail index is up…
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From a melt-up to a sell-off, the next 2 weeks will determine the stock market’s direction for the summer
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Getty Images/Brian R. Smith The next two weeks’ data will likely determine the direction of the stock market this summer, according to UBS. The upcoming release of April’s CPI report and Nvidia’s earnings report next week are critical, the bank said. “Inflation data and NVIDIA’s above-expected earnings could set the…