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No traction at all yet today for BTC as NVDA slips
Looking at the price action of NVIDIA today you can see the newly repriced tech stock titan is falling below $120 now and towards $115. So, no new record there and to remind the reader, in order to achieve that it would need to rise above $126.50. At the same time Bitcoin, which appears to be still tracking that stock has not made any material progress whatsoever. The lack of rebound is potentially a warning that a drop below 69k from here again is more likely than not. That is assuming the correlation between BTC and NVDA remains in sync. Bitcoin is currently trading at 69,320
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A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
