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Since the last update here on the markets, US treasury yields have now edged a bit lower and that has boosted again the opening outlook for the US stock markets, which will reopen in a few minutes. At the same time it has not actually pushed the dollar any lower versus the Yen, which once again is perhaps a little surprising. The lower US yields have helped to lift Gold off its lows, pushing it up from below $2,730 towards $2,740. Perhaps the more notable change has been a further gain in Bitcoin. The lead cryptocurrency has almost reclaimed the 69k handle it balked at in the middle of last week. The high seen this time last week was set at 69,474 and the high seen just now was set at 68,996. So, you know the level on the topside to note from here on today. The only question now, is will we see it tested? BTC is currently trading at 68,930
Earlier today gold rose towards $3,350, as was covered in an update here much earlier this morning. Well, since then it has been tracking lower again...
The news that shook US markets yesterday was all about the rising prospect of the Trump tax bill coming closer to being passed by US politicians. This...
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