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Daily Analysis

Welcome to our Daily Analysis page, your go-to resource for comprehensive market insights and timely updates!

Our team of expert analysts diligently examines the latest trends, news, and events across various financial markets, providing you with valuable information to make informed trading decisions.

Stay ahead of the curve with our daily market commentary, chart analysis, and trade ideas, empowering you to navigate the markets with confidence!

Global Crypto Market Cap Decreases by 3.4% to $2.5 Trillion
May 24 2024

Global Crypto Market Cap Decreases by 3.4% to $2.5 Trillion

On Friday, cryptocurrency markets experienced a downturn, with Bitcoin (BTC), Ethereum, and Solana leading the decline. BTC dropped by over 3.4% to $67,143 early in the day, while Ethereum saw a 4.4% decrease to $3,655.

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WTI Crude Futures Fall Below $77, Marking Three-Month Low
May 24 2024

WTI Crude Futures Fall Below $77, Marking Three-Month Low

WTI crude futures dipped below $77 per barrel on Friday, marking a three-month low and enduring a weekly decline of over 3% amidst concerns over demand and increasing US stockpiles.

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US Stock Futures Gain as Traders Seek to Recover Losses
May 24 2024

US Stock Futures Gain as Traders Seek to Recover Losses

In the US, stock futures showed gains on Friday, with S&P 500 and Nasdaq contracts rising by 0.3%, while the Dow Jones climbed 40 points.

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Pound Faces Renewed Selling Pressure Below the 1.2700 level
May 24 2024

Pound Faces Renewed Selling Pressure Below the 1.2700 level

GBP/USD saw renewed selling pressure today, with the pair falling below 1.2700 in response to disappointing UK Retail Sales data released earlier that day.

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Gold Price Rebounds Despite the Hawkish Fed
May 24 2024

Gold Price Rebounds Despite the Hawkish Fed

Gold prices made a comeback on Friday, even though the US dollar was on the rise.

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USD/JPY Stays Strong Above 157.00, Following Japan’s Inflation Data
May 24 2024

USD/JPY Stays Strong Above 157.00, Following Japan’s Inflation Data

The USD/JPY pair remains steady above 157.00 during Asian Session today, maintaining its previous gains despite market risk aversion.

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EUR/USD Hovers Around 1.08 Amid US Dollar Strength
May 24 2024

EUR/USD Hovers Around 1.08 Amid US Dollar Strength

EUR/USD is hovering around 1.08 in the Asian session today. The pair remains under pressure because of the US Dollar Index (DXY).

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Global Markets Digest: Key Economic Indicators and Insights
May 24 2024

Global Markets Digest: Key Economic Indicators and Insights

Yesterday, global markets focused on macroeconomic data, particularly employment and PMI figures.

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Ethereum Spot ETF Approval: Parallels with Bitcoin ETF Journey
May 23 2024

Ethereum Spot ETF Approval: Parallels with Bitcoin ETF Journey

As the Ethereum spot ETF approval saga unfolds, investors and industry observers in the exchange-traded fund sector may draw parallels with the journey toward eventual approval and launch of spot bitcoin ETFs.

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