Bitcoin surged on Wednesday, approaching its all-time high as investors bet on a potential pro-crypto shift in U.S. policy depending on the outcome of the upcoming presidential election. The world’s largest cryptocurrency rose 2% to $72,456.80, close to its record peak of $73,798. Bitcoin Rallies on Trump’s Pro-Crypto PositionBitcoin’s recent …
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Asian markets saw broad declines on Wednesday, as rising caution ahead of the U.S. presidential election and a series of crucial economic data releases weighed on sentiment. Japan’s Nikkei, however, continued to gain, fueled by technology stocks and expectations that the Bank of Japan (BOJ) will maintain an accommodative stance. …
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The US Dollar remained steady ahead of key economic data releases, despite receiving mixed signals from the Job Openings and Labour Turnover Survey (JOLTS). US bond yields saw an uptick, supported by market sentiment leaning towards former President Donald Trump in the upcoming presidential election and a cautious stance from …
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The United States has finalized rules to limit investments in critical technology sectors in China, such as artificial intelligence, on national security grounds, according to the Treasury Department. These restrictions will prevent U.S. citizens, permanent residents, and U.S.-based companies from engaging in transactions involving technologies like AI, semiconductors, and quantum …
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Dow Jones Dips as Fed Rate Cut Bets Rise: A Balancing ActThe Dow Jones Industrial Average retreated on Tuesday, reversing Monday’s gains as US Treasury yields climbed. This downward trajectory was primarily driven by growing expectations of a potential Federal Reserve rate cut in November.Dow Jones’s recent decline reflects the …
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Shifting Focus: The US Labor Market Takes Center StageThe US dollar maintained a relatively stable position on Tuesday, as market participants digested a slowdown in the rally of US Treasury yields. This cautious stance was further influenced by the impending US election and the anticipation of key economic data releases.Key …
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PayPal Holdings Inc., a leading digital payments company, recently released its Q3 earnings report, offering a mixed bag of results. While the company exceeded expectations on earnings per share, revenue fell short of analyst estimates.PayPal’s Q3 earnings report provides a mixed picture. The company has made strides in improving profitability, …
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Gold, the timeless haven asset, has recently embarked on a remarkable rally, pushing its price to unprecedented heights. This surge can be attributed to a confluence of factors, each contributing to the precious metal’s allure.A Weakening US Dollar and Lower Interest RatesThe US dollar, often inversely correlated with gold prices, …
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European shares ticked up on Tuesday, fueled by anticipation for major U.S. tech earnings, while the dollar remained near a three-month high as investors braced for key U.S. labor market data. The pan-European STOXX 600 rose 0.3%, reaching its highest level in over a week. Major European indices were similarly …
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Oil prices saw a modest recovery on Tuesday, buoyed by the U.S. government’s plan to purchase up to 3 million barrels for the Strategic Petroleum Reserve (SPR), yet concerns lingered over weaker global demand growth. As of 10:26 GMT, Brent crude futures rose 1.04% to $72.16 a barrel, while U.S. …
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