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Fed Bullard predicts that US growth will remain above trend due to strong consumption. The U.S. economy is likely to continue growing at an above-trend pace for at least the next 18 months, and households are likely to continue spending as the influence of the pandemic fades, St. Louis Fed president James Bullard said on […]
Gold prices rose, today, Tuesday, May 17, with the dollar’s decline, after previous pressures that led to the decline of the yellow metal with the recovery of US Treasury bond yields. The dollar is struggling to make gains after falling from nearly 20-year highs, while a weakening Chinese yuan found a floor as investors scaled […]
• Natural gas reversed from support level 6.500• Likely to rise to 9.000 Natural gas recently reversed up from the strong support level 6.500, coinciding with the 20-day moving average and the 50% Fibonacci correction of the upward impulse wave (3) from February. The support zone near the support level 6.500 was further strengthened by […]
• EURCAD reversed from support level 1.3400• Likely to rise to 1.3600 EURCAD today reversed up from the strong support level 1.3400 (which stopped the previous sharp downward impulse wave 3 at the end of last month). The upward reversal from the support level 1.3400 will most likely form the daily candlesticks reversal pattern Morning […]
Gold prices ended higher Tuesday for a second day in a row, with a pullback in the surging dollar helping to lift the yellow metal from its slump. Gold for June delivery gmc22 GC00, -0.01% rose about 0.3%, to settle at $1,818.90 an ounce on Comex, after dipping below the key $1,800-an-ounce threshold in trade […]
The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg. 1895 Total views 19 Total shares The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points […]