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Since sliding back to below 65k right on the 4pm London FX fix yesterday afternoon, Bitcoin has been on the rebound again today. The fall from 67,878 yesterday afternoon, reached a low at 64,807. The rebound today has seen it lift to a high a moment ago at 67,769. The next level of note beyond 68k, should BTC reclaim that level, could be the July 29 high, at 69,998. Of course it has to get above 68k first and that is a level it rejected yesterday afternoon. Once again the driver for the move higher was all about the US election and the prospect of a Trump victory. What is perhaps a little surprising; is the sell-off in tech stocks yesterday not standing in the way of the rebound so far today. However, as noted here yesterday afternoon, this very much a trade it as you see it market right now, so nothing is set in stone, when it comes to the immediate price action again today. BTC is currently trading at 67,640
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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