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Monthly Archives: June 2024

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Gold’s Strategic Moves Ahead of Crucial Economic Events

Written on June 12, 2024 at 2:03 am, by jonywang

Fundamental Analysis Gold prices have seen a slight rebound, continuing to trade within a consolidation range. This movement reflects a shift by investors towards safe-haven assets in anticipation of several crucial economic events. The market is characterized by uncertainty as traders await the upcoming US Consumer Price Index (CPI) data and the Federal Reserve meeting,Continue Reading

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Categories: Trade Of The Day

Dollar Steadies As The Market Await For FOMC Minutes

Written on June 11, 2024 at 5:37 am, by jonywang

Market Summary The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes. Although the market widely believes that the Fed will keep the rate on hold, there is less certainty about the officials’ rateContinue Reading

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Categories: Daily Market Analysis, Market Insights

Nasdaq Hits Record Highs On AI Hype

Written on June 11, 2024 at 1:53 am, by jonywang

Fundamental Analysis The Nasdaq has surged to fresh record highs, bolstered by bullish momentum stemming from the ongoing excitement around artificial intelligence (AI). This rally is particularly influenced by Apple’s recent announcement to enhance its Siri voice assistant and operating systems through a partnership with OpenAI’s ChatGPT. This strategic move aims to position Apple moreContinue Reading

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Categories: Trade Of The Day

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